Affordable Housing In Jackson County
Colorado
Guide To Affordable Housing in Jackson County, Colorado
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Jackson County, Colorado.
Income Based Apartments in Jackson County, Colorado
Jackson County features 0 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 Jackson County, Colorado
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Jackson County.
Housing Choice Vouchers in Jackson County, Colorado
On average, Section 8 Housing Choice vouchers pay Jackson County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Jackson County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Jackson County, Colorado for a two-bedroom apartment is between $794 and $970.
2022 Jackson County, 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 | |
|---|---|---|---|---|---|
| Jackson County, Colorado Fair Market Rent | $717 | $721 | $882 | $1,196 | $1,387 |
| Jackson County, Colorado Payment Standard Range | $645 to $789 | $649 to $793 | $794 to $970 | $1,076 to $1,316 | $1,248 to $1,526 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Jackson County, CO Affordable Housing Snapshot
| Total Affordable Apartment Properties | 0 |
|---|---|
| Total Low Income Apartments | 0 |
| Total Housing Units with Rental Assistance | 0 |
| Percentage of Housing Units Occupied By Renters | 32.14% |
| Average Renter Household Size | 2.37 |
| Average Household Size | 2.15 |
| Median Household Income | $46,014 ±$3,111 |
| Median Rent | $721 ±$38 |
| Percentage Of Renters Overburdened | 25.76% ± 12.33pp |
| Total Population | 1,335 |
Population and Household Demographics
Jackson County is a county in Colorado with a population of 1,335. There are 616 households in the county with an average household size of 2.15 persons. 32.14% of households in Jackson County are renters.
Income and Rent Overburden in Jackson County
The median gross income for households in Jackson County is $46,014 a year, or $3,835 a month. The median rent for the county is $721 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Jackson County, a household making less than $2,403 a month would be considered overburdened when renting an apartment at or above the median rent. 25.76% of households who rent are overburdened in Jackson County.
Area Median Income In Jackson County
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.
In Jackson County, HUD calculates the Area Median Income for a family of four as $56,200
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 Jackson County
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 Jackson County
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Jackson County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$15,450 | $17,650 | $21,960 | $26,500 | $31,040 | $35,580 | $40,120 | $44,660 |
| 50% AMI Income Limits Renters earning up to 50% of the Jackson County AMI may qualify for rental assistance programs that target Very Low Income households. |
$25,750 | $29,400 | $33,100 | $36,750 | $39,700 | $42,650 | $45,600 | $48,550 |
| 80% AMI Income Limits Renters earning up to 80% of the Jackson County AMI may qualify for rental assistance programs that target Low Income households. |
$41,200 | $47,050 | $52,950 | $58,800 | $63,550 | $68,250 | $72,950 | $77,650 |
