Affordable Housing In Kit Carson County
6 Low Income Apartment Communities In Kit Carson County
Guide To Affordable Housing in Kit Carson County, Colorado
There are 6 low income housing apartment communities offering 158 affordable apartments for rent in Kit Carson County, Colorado.
Income Based Apartments in Kit Carson County, Colorado
Kit Carson County features 97 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 Kit Carson County, Colorado
There are 49 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kit Carson County.
Housing Choice Vouchers in Kit Carson County, Colorado
On average, Section 8 Housing Choice vouchers pay Kit Carson County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Kit Carson County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Kit Carson County, Colorado for a two-bedroom apartment is between $775 and $947.
2021 Kit Carson 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|
|Kit Carson County, Colorado Fair Market Rent||$649||$653||$861||$1,149||$1,491|
|Kit Carson County, Colorado Payment Standard Range||$584 to $714||$588 to $718||$775 to $947||$1,034 to $1,264||$1,342 to $1,640|
Sourced from federal housing data and AffordableHousingOnline.com research.
Kit Carson County, CO Affordable Housing Snapshot
|Total Affordable Apartment Properties||6|
|Total Low Income Apartments||158|
|Total Housing Units with Rental Assistance||97|
|Percentage of Housing Units Occupied By Renters||31.9%|
|Average Renter Household Size||2.35|
|Average Household Size||2.35|
|Median Household Income||$40,603 ±$5,333|
|Median Rent||$672 ±$94|
|Percentage Of Renters Overburdened||36.33% ± 6.97pp|
Population and Household Demographics
Kit Carson County is a county in Colorado with a population of 7,980. There are 3,003 households in the county with an average household size of 2.35 persons. 31.9% of households in Kit Carson County are renters.
Income and Rent Overburden in Kit Carson County
The median gross income for households in Kit Carson County is $40,603 a year, or $3,384 a month. The median rent for the county is $672 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Kit Carson County, a household making less than $2,240 a month would be considered overburdened when renting an apartment at or above the median rent. 36.33% of households who rent are overburdened in Kit Carson County.
Area Median Income In Kit Carson 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 Kit Carson County, HUD calculates the Area Median Income for a family of four as $60,400
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 Kit Carson 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 Kit Carson 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 Kit Carson County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Kit Carson County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Kit Carson County AMI may qualify for rental assistance programs that target Low Income households.