How many renters live in Olney Springs, Colorado?
The City of Olney Springs has people living in households.
There are renters living in renter households in this City. Renters make up 14.26 percent of the population living in Olney Springs.
What is the rental market like in Olney Springs, Colorado?
There are an estimated housing units in the Olney Springs area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Olney Springs, Colorado, there are 1 rental units.
What is the vacancy rate for rentals in Olney Springs?
The rental vacancy rate in Olney Springs 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 Olney Springs for each bedroom size?
Occupied Rental Units by Size in Olney Springs
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 3 | 3 | 1 | 16 | 1 |
Occupied Rental Units by Size in Olney Springs
A large number of apartments in Olney Springs have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many units are rented at Fair Market Rent (FMR) in Olney Springs?
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 | 0 | 100 percent |
| One BR | 3 | 100 percent |
| Two BR | 0 | 100 percent |
Rental Units Below FMR in Olney Springs, Colorado
How many affordable rental units are in Olney Springs?
Income Based Apartments in Olney Springs, Colorado
Olney Springs 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 Olney Springs, Colorado
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Olney Springs.
Housing Choice Vouchers in Olney Springs, Colorado
On average, Section 8 Housing Choice vouchers pay Olney Springs landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Olney Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Olney Springs, Colorado for a two-bedroom apartment is between $1,218 and $1,488.
Sourced from federal housing data and AffordableHousingOnline.com research.