Affordable Housing In Limon
Lincoln County, Colorado

2 Low Income Apartment Communities In Limon

1880 Circle Ln

1880 Circle Ln
Limon, Colorado

Limon Apartments

100 4th St
Limon, Colorado
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Section 8 Vouchers, Apartments, and Waiting Lists in Limon, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Limon, Colorado

Housing Authority Programs
Housing Authority of the Town of Limon Public Housing

Guide To Affordable Housing in Limon, Colorado

There are 2 low income housing apartment communities offering 56 affordable apartments for rent in Limon, Colorado.

Income Based Apartments in Limon, Colorado

Limon features 40 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 Limon, Colorado

There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Limon.

Housing Choice Vouchers in Limon, Colorado

On average, Section 8 Housing Choice vouchers pay Limon landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Limon.

The maximum amount a voucher would pay on behalf of a low-income tenant in Limon, Colorado for a two-bedroom apartment is between $896 and $1,095.

2023 Limon, 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
Limon, Colorado Fair Market Rent $775 $780 $995 $1,245 $1,695
Limon, Colorado Payment Standard Range $698 to $853 $702 to $858 $896 to $1,095 $1,121 to $1,370 $1,526 to $1,865

Sourced from federal housing data and AffordableHousingOnline.com research.

Limon, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 56
Total Housing Units with Rental Assistance 40
Percentage of Housing Units Occupied By Renters 45.39%
Average Renter Household Size 2.02
Average Household Size 2.09
Median Household Income $31,776 ±$6,074
Median Rent $731 ±$61
Percentage Of Renters Overburdened 58.71% ± 13.71pp
Total Population 1,425

Population and Household Demographics

Limon is a city in Lincoln County, Colorado with a population of 1,425. There are 683 households in the city with an average household size of 2.09 persons. 45.39% of households in Limon are renters.

Income and Rent Overburden in Limon

The median gross income for households in Limon is $31,776 a year, or $2,648 a month. The median rent for the city is $731 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Limon, a household making less than $2,437 a month would be considered overburdened when renting an apartment at or above the median rent. 58.71% of households who rent are overburdened in Limon.

Area Median Income In Limon

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 Limon, the AMI is calculated from all households within Lincoln County.

In Limon, HUD calculates the Area Median Income for a family of four as $77,900

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 Limon

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 Limon

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 Limon AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,300 $19,750 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Limon AMI may qualify for rental assistance programs that target Very Low Income households.
$28,800 $32,900 $37,000 $41,100 $44,400 $47,700 $51,000 $54,300
80% AMI Income Limits
Renters earning up to 80% of the Limon AMI may qualify for rental assistance programs that target Low Income households.
$46,050 $52,600 $59,200 $65,750 $71,050 $76,300 $81,550 $86,800