Monte Vista, Colorado Affordable Housing

Affordable Housing programs support 162 income based apartments in Monte Vista where households pay rent based on how much they earn.

There are 432 affordable apartments in Monte Vista that offer reduced rents to low-income households.

Waiting Lists in Monte Vista, Colorado

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

Sierra Vista Apartments

472 Jackson St
Monte Vista, Colorado
Rent Assisted

Mountain View Manor

311 Washington St
Monte Vista, Colorado
Rent Assisted

West View Villas

445 Dunham St
Monte Vista, Colorado
Affordable

Mv Housing Complex

551 Monroe St
Monte Vista, Colorado
Affordable

Westview Villas

510 Dunham St
Monte Vista, Colorado
Rent Assisted

Valley Grande Apartments CO Landmark Group

2256 East Dr
Monte Vista, Colorado
Affordable

Clearview Apts.

230 Clearview Dr
Monte Vista, Colorado

Monte Vista Apts

2169 Sherman Ave
Monte Vista, Colorado

High Valley Manor

504 Batterson Avenue
Monte Vista, Colorado
Showing Results 1-10
  • «
  • 1
  • »

Affordable Housing Near Monte Vista

View affordable apartments and waiting lists in cities near Monte Vista

City Apartments
Center, CO Affordable Housing programs support 9 apartment communities in Center.
Del Norte, CO Affordable Housing programs support 3 apartment communities in Del Norte.
South Fork, CO Affordable Housing programs support 1 apartment communities in South Fork.

Monte Vista, Colorado Affordable Housing Data

Income Based Apartments in Monte Vista, Colorado

Monte Vista features 162 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 Monte Vista, Colorado

There are 432 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Monte Vista.

Housing Choice Vouchers in Monte Vista, Colorado

On average, Section 8 Housing Choice vouchers pay Monte Vista landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Monte Vista.

The maximum amount a voucher would pay on behalf of a low-income tenant in Monte Vista, Colorado for a two-bedroom apartment is between $809 and $989.

2023 Monte Vista, 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
Monte Vista, Colorado Fair Market Rent $691 $695 $899 $1,204 $1,452
Monte Vista, Colorado Payment Standard Range $622 to $760 $626 to $765 $809 to $989 $1,084 to $1,324 $1,307 to $1,597

Sourced from federal housing data and AffordableHousingOnline.com research.

Monte Vista, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 594
Total Housing Units with Rental Assistance 162
Percentage of Housing Units Occupied By Renters 42.26%
Average Renter Household Size 2.25
Average Household Size 2.58
Median Household Income $37,188 ±$9,267
Median Rent $564 ±$99
Percentage Of Renters Overburdened 38.21% ± 15.29pp
Total Population 4,366

Population and Household Demographics

Monte Vista is a city in Rio Grande County, Colorado with a population of 4,366. There are 1,666 households in the city with an average household size of 2.58 persons. 42.26% of households in Monte Vista are renters.

Income and Rent Overburden in Monte Vista

The median gross income for households in Monte Vista is $37,188 a year, or $3,099 a month. The median rent for the city is $564 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Monte Vista, a household making less than $1,880 a month would be considered overburdened when renting an apartment at or above the median rent. 38.21% of households who rent are overburdened in Monte Vista.

Area Median Income In Monte Vista

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 Monte Vista, the AMI is calculated from all households within Rio Grande County.

In Monte Vista, HUD calculates the Area Median Income for a family of four as $64,600

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 Monte Vista

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 Monte Vista

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 Monte Vista 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 Monte Vista 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 Monte Vista 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