Lyons, Colorado Affordable Housing

Waiting Lists in Lyons, Colorado

There are no open Section 8 Housing Choice Voucher waiting lists in Lyons. Go to the Colorado Section 8 Waiting Lists page for openings near Lyons.

Finding Affordable Housing in Lyons, Colorado

There are 0 low-income apartments in Lyons that offer reduced rents to eligible households.

Rental assistance programs support 32 low-income homes in Lyons where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Bloomfield Place

722 5th Ave
Lyons, Colorado
Rent Assisted

Walter Self Apartments

335 Railroad Ave
Lyons, Colorado
Rent Assisted
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Affordable rent data last confirmed on March 15th, 2023. Subdsidized rents typically change once a year based on federal guidance.

Affordable Housing Near Lyons

View affordable apartments and waiting lists in cities near Lyons

City Apartments
Boulder, CO Affordable Housing programs support 41 apartment communities in Boulder.
Longmont, CO Affordable Housing programs support 32 apartment communities in Longmont.
Louisville, CO Affordable Housing programs support 6 apartment communities in Louisville.
Lafayette, CO Affordable Housing programs support 4 apartment communities in Lafayette.
Nederland, CO Affordable Housing programs support 3 apartment communities in Nederland.

Public Housing Agencies Serving Lyons, 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.

Housing Authority Programs
Boulder County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Boulder Housing Partners Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work
Longmont Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Lyons.

Lyons, Colorado Affordable Housing Data

Income Based Apartments in Lyons, Colorado

Lyons features 32 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 Lyons, Colorado

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lyons.

Housing Choice Vouchers in Lyons, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lyons, Colorado for a two-bedroom apartment is between $1,720 and $2,102.

2023 Lyons, 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
Lyons, Colorado Fair Market Rent $1,397 $1,578 $1,911 $2,541 $3,005
Lyons, Colorado Payment Standard Range $1,257 to $1,537 $1,420 to $1,736 $1,720 to $2,102 $2,287 to $2,795 $2,705 to $3,306

Sourced from federal housing data and AffordableHousingOnline.com research.

Lyons, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 32
Total Housing Units with Rental Assistance 32
Percentage of Housing Units Occupied By Renters 25.26%
Average Renter Household Size 2.67
Average Household Size 2.69
Median Household Income $85,577 ±$13,666
Median Rent $1,291 ±$287
Percentage Of Renters Overburdened 33.68% ± 18.89pp
Total Population 2,056

Population and Household Demographics

Lyons is a city in Boulder County, Colorado with a population of 2,056. There are 764 households in the city with an average household size of 2.69 persons. 25.26% of households in Lyons are renters.

Income and Rent Overburden in Lyons

The median gross income for households in Lyons is $85,577 a year, or $7,131 a month. The median rent for the city is $1,291 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lyons, a household making less than $4,303 a month would be considered overburdened when renting an apartment at or above the median rent. 33.68% of households who rent are overburdened in Lyons.

Area Median Income In Lyons

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 Lyons, the AMI is calculated from all households within Boulder County.

In Lyons, HUD calculates the Area Median Income for a family of four as $125,400

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 Lyons

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 Lyons

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 Lyons AMI may qualify for rental assistance programs that target Extremely Low Income households.
$26,350 $30,100 $33,850 $37,600 $40,650 $43,650 $46,650 $49,650
50% AMI Income Limits
Renters earning up to 50% of the Lyons AMI may qualify for rental assistance programs that target Very Low Income households.
$43,900 $50,200 $56,450 $62,700 $67,750 $72,750 $77,750 $82,800
80% AMI Income Limits
Renters earning up to 80% of the Lyons AMI may qualify for rental assistance programs that target Low Income households.
$63,000 $72,000 $81,000 $89,950 $97,150 $104,350 $111,550 $118,750