How many renters live in Log Lane Village, Colorado?
The City of Log Lane Village has people living in households.
There are renters living in renter households in this City. Renters make up 38 percent of the population living in Log Lane Village.
What is the rental market like in Log Lane Village, Colorado?
There are an estimated housing units in the Log Lane Village area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Log Lane Village, Colorado, there are 1 rental units.
What is the vacancy rate for rentals in Log Lane Village?
The rental vacancy rate in Log Lane Village is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Log Lane Village for each bedroom size?
Occupied Rental Units by Size in Log Lane Village
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 2 | 39 | 62 | 5 |
Occupied Rental Units by Size in Log Lane Village
A large number of apartments in Log Lane Village have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Log Lane Village
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $845 to $2,013. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $845 |
| One BR | $948 |
| Two BR | $1,246 |
| Three BR | $1,639 |
| Four BR | $2,013 |
2024 Fair Market Rents in Log Lane Village, Colorado
How many units are rented at Fair Market Rent (FMR) in Log Lane Village?
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 | 0 | 100 percent |
| Two BR | 29 | 74 percent |
Rental Units Below FMR in Log Lane Village, Colorado
How many affordable rental units are in Log Lane Village?
Income Based Apartments in Log Lane Village, Colorado
Log Lane Village 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 Log Lane Village, Colorado
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Log Lane Village.
Housing Choice Vouchers in Log Lane Village, Colorado
On average, Section 8 Housing Choice vouchers pay Log Lane Village landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Log Lane Village.
The maximum amount a voucher would pay on behalf of a low-income tenant in Log Lane Village, Colorado for a two-bedroom apartment is between $1,121 and $1,371.
Sourced from federal housing data and AffordableHousingOnline.com research.