How many renters live in Keystone, Colorado?
The City of Keystone has 995 people living in 515 households.
There are 448 renters living in 394 renter households in this City. Renters make up 45.03 percent of the population living in Keystone.
What is the rental market like in Keystone, Colorado?
There are an estimated 3,605 housing units in the Keystone area. Of these, 921 units are rental homes, making up 26 percent of the housing market. For every renter household in Keystone, Colorado, there are 2 rental units.
What is the vacancy rate for rentals in Keystone?
The rental vacancy rate in Keystone is 54 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Keystone for each bedroom size?
Occupied Rental Units by Size in Keystone
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 266 | 128 | 0 | 0 |
Occupied Rental Units by Size in Keystone
A large number of apartments in Keystone 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 Keystone are overburdened by housing costs?
Among renter households in this market, 30 percent have housing cost burden. Further, 26 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 Keystone
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,551 to $3,650. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,551 |
| One BR | $1,690 |
| Two BR | $2,220 |
| Three BR | $3,128 |
| Four BR | $3,650 |
2024 Fair Market Rents in Keystone, Colorado
How many units are rented at Fair Market Rent (FMR) in Keystone?
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 |
| One BR | 266 | 100 percent |
| Two BR | 57 | 45 percent |
Rental Units Below FMR in Keystone, Colorado
How many affordable rental units are in Keystone?
There are a variety of federal affordable housing programs serving households in Keystone, Colorado including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 40 |
Tracked Units by Federal Program in Keystone, Colorado
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Keystone, Colorado
Keystone 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 Keystone, Colorado
There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Keystone.
Housing Choice Vouchers in Keystone, Colorado
On average, Section 8 Housing Choice vouchers pay Keystone landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Keystone.
The maximum amount a voucher would pay on behalf of a low-income tenant in Keystone, Colorado for a two-bedroom apartment is between $1,998 and $2,442.
Sourced from federal housing data and AffordableHousingOnline.com research.
