What HUD offices serve Estes Park, Colorado?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Estes Park.
How many renters live in Estes Park, Colorado?
The City of Estes Park has 5,906 people living in 3,166 households.
There are 2,031 renters living in 1,160 renter households in this City. Renters make up 34.39 percent of the population living in Estes Park.
What is the rental market like in Estes Park, Colorado?
There are an estimated 4,328 housing units in the Estes Park area. Of these, 1,169 units are rental homes, making up 27 percent of the housing market. For every renter household in Estes Park, Colorado, there are 1 rental units.
What is the vacancy rate for rentals in Estes Park?
The rental vacancy rate in Estes Park is 1 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Estes Park for each bedroom size?
Occupied Rental Units by Size in Estes Park
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 156 | 365 | 359 | 258 | 22 |
Occupied Rental Units by Size in Estes Park
A large number of apartments in Estes Park have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Estes Park are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 24 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Estes Park
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,342 to $2,553. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,342 |
| One BR | $1,350 |
| Two BR | $1,646 |
| Three BR | $2,320 |
| Four BR | $2,553 |
2024 Fair Market Rents in Estes Park, Colorado
How many units are rented at Fair Market Rent (FMR) in Estes Park?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 67 | 43 percent |
| One BR | 215 | 59 percent |
| Two BR | 298 | 83 percent |
Rental Units Below FMR in Estes Park, Colorado
How many affordable rental units are in Estes Park?
There are a variety of federal affordable housing programs serving households in Estes Park, Colorado including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 184 |
| USDA Section 515 Rural Rental Housing | 68 |
Tracked Units by Federal Program in Estes Park, Colorado
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Estes Park, Colorado
Estes Park features 12 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Estes Park, Colorado
There are 149 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Estes Park.
Housing Choice Vouchers in Estes Park, Colorado
On average, Section 8 Housing Choice vouchers pay Estes Park landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Estes Park.
The maximum amount a voucher would pay on behalf of a low-income tenant in Estes Park, Colorado for a two-bedroom apartment is between $1,481 and $1,811.
Sourced from federal housing data and AffordableHousingOnline.com research.
