What HUD offices serve Mountain Village, 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 Mountain Village.
How many renters live in Mountain Village, Colorado?
The City of Mountain Village has people living in households.
There are renters living in renter households in this City. Renters make up 64.85 percent of the population living in Mountain Village.
What is the rental market like in Mountain Village, Colorado?
There are an estimated housing units in the Mountain Village area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Mountain Village, Colorado, there are 1.14 rental units.
What is the vacancy rate for rentals in Mountain Village?
The rental vacancy rate in Mountain Village is 11 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 Mountain Village for each bedroom size?
Occupied Rental Units by Size in Mountain Village
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 216 | 197 | 162 | 16 | 2 |
Occupied Rental Units by Size in Mountain Village
A large number of apartments in Mountain 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 Mountain Village
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,312 to $3,117. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,312 |
| One BR | $1,473 |
| Two BR | $1,936 |
| Three BR | $2,341 |
| Four BR | $3,117 |
2024 Fair Market Rents in Mountain Village, Colorado
How many units are rented at Fair Market Rent (FMR) in Mountain 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 |
| Studio | 210 | 97 percent |
| One BR | 191 | 97 percent |
| Two BR | 138 | 85 percent |
Rental Units Below FMR in Mountain Village, Colorado
How many affordable rental units are in Mountain Village?
There are a variety of federal affordable housing programs serving households in Mountain Village, Colorado including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit |
Tracked Units by Federal Program in Mountain Village, Colorado
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Mountain Village, Colorado
Mountain 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 Mountain Village, Colorado
There are 66 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mountain Village.
Housing Choice Vouchers in Mountain Village, Colorado
On average, Section 8 Housing Choice vouchers pay Mountain Village landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Mountain Village.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mountain Village, Colorado for a two-bedroom apartment is between $1,742 and $2,130.
Sourced from federal housing data and AffordableHousingOnline.com research.