What HUD offices serve Montrose County, 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.
Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Montrose County.
How many renters live in Montrose County, Colorado?
The County of Montrose County has people living in households.
There are renters living in renter households in this County. Renters make up 22.02 percent of the population living in Montrose County.
What is the rental market like in Montrose County, Colorado?
There are an estimated housing units in the Montrose County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Montrose County, Colorado, there are 1.09 rental units.
What is the vacancy rate for rentals in Montrose County?
The rental vacancy rate in Montrose County is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Montrose County for each bedroom size?
Occupied Rental Units by Size in Montrose County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 285 | 530 | 1,379 | 1,719 | 147 |
Occupied Rental Units by Size in Montrose County
A large number of apartments in Montrose County 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 Montrose County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $914 to $2,052. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $914 |
| One BR | $920 |
| Two BR | $1,209 |
| Three BR | $1,704 |
| Four BR | $2,052 |
2024 Fair Market Rents in Montrose County, Colorado
How many units are rented at Fair Market Rent (FMR) in Montrose County?
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 |
| Studio | 194 | 68 percent |
| One BR | 357 | 67 percent |
| Two BR | 901 | 65 percent |
Rental Units Below FMR in Montrose County, Colorado
How many affordable rental units are in Montrose County?
There are a variety of federal affordable housing programs serving households in Montrose County, Colorado including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly | |
| USDA Section 515 Rural Rental Housing | |
| USDA Section 514 Farm Labor Housing |
Tracked Units by Federal Program in Montrose County, Colorado
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Montrose County, Colorado
Montrose County features 406 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 Montrose County, Colorado
There are 129 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montrose County.
Housing Choice Vouchers in Montrose County, Colorado
On average, Section 8 Housing Choice vouchers pay Montrose County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Montrose County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Montrose County, Colorado for a two-bedroom apartment is between $1,088 and $1,330.
Sourced from federal housing data and AffordableHousingOnline.com research.