Gunnison, Colorado Affordable Housing

Affordable Housing programs support 88 income based apartments in Gunnison where households pay rent based on how much they earn.

There are 36 affordable apartments in Gunnison that offer reduced rents to low-income households.

Waiting Lists in Gunnison, Colorado

There are no open Section 8 Housing Choice Voucher waiting lists in Gunnison. Go to the Colorado Section 8 Waiting Lists page for openings near Gunnison.

Mountain View Apartments

317 N Spruce St
Gunnison, Colorado
Rent Assisted

Palisades Apartments

600 N Colorado St
Gunnison, Colorado

GardenWalk of Gunnison

808 N. Colorado
Gunnison, Colorado
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Affordable Housing Near Gunnison

View affordable apartments and waiting lists in cities near Gunnison

City Apartments
Crested Butte, CO Affordable Housing programs support 1 apartment communities in Crested Butte.

Public Housing Agencies Serving Gunnison, 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.

Housing Authority Programs
Gunnison Valley Regional Housing Authority Section 8 Housing Choice Voucher (HCV)
Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Gunnison.

Gunnison, Colorado Affordable Housing Data

Income Based Apartments in Gunnison, Colorado

Gunnison features 88 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 Gunnison, Colorado

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gunnison.

Housing Choice Vouchers in Gunnison, Colorado

On average, Section 8 Housing Choice vouchers pay Gunnison landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Gunnison.

The maximum amount a voucher would pay on behalf of a low-income tenant in Gunnison, Colorado for a two-bedroom apartment is between $1,146 and $1,400.

2023 Gunnison, Colorado Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Gunnison, Colorado Fair Market Rent $961 $967 $1,273 $1,721 $2,168
Gunnison, Colorado Payment Standard Range $865 to $1,057 $870 to $1,064 $1,146 to $1,400 $1,549 to $1,893 $1,951 to $2,385

Sourced from federal housing data and research.

Gunnison, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 124
Total Housing Units with Rental Assistance 88
Percentage of Housing Units Occupied By Renters 63.73%
Average Renter Household Size 2.40
Average Household Size 2.41
Median Household Income $35,871 ±$7,930
Median Rent $818 ±$133
Percentage Of Renters Overburdened 63.92% ± 14.73pp
Total Population 5,955

Population and Household Demographics

Gunnison is a city in Gunnison County, Colorado with a population of 5,955. There are 2,148 households in the city with an average household size of 2.41 persons. 63.73% of households in Gunnison are renters.

Income and Rent Overburden in Gunnison

The median gross income for households in Gunnison is $35,871 a year, or $2,989 a month. The median rent for the city is $818 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gunnison, a household making less than $2,727 a month would be considered overburdened when renting an apartment at or above the median rent. 63.92% of households who rent are overburdened in Gunnison.

Area Median Income In Gunnison

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Gunnison, the AMI is calculated from all households within Gunnison County.

In Gunnison, HUD calculates the Area Median Income for a family of four as $98,100

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Gunnison

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Gunnison

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30% AMI Income Limits
Renters earning up to 30% of the Gunnison AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,600 $21,250 $23,900 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Gunnison AMI may qualify for rental assistance programs that target Very Low Income households.
$31,000 $35,400 $39,850 $44,250 $47,800 $51,350 $54,900 $58,450
80% AMI Income Limits
Renters earning up to 80% of the Gunnison AMI may qualify for rental assistance programs that target Low Income households.
$49,600 $56,650 $63,750 $70,800 $76,500 $82,150 $87,800 $93,500