Affordable Housing In Otero County
15 Low Income Apartment Communities In Otero County
Housing Authorities that serve Otero County
|Otero County Housing Authority||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Otero County, Colorado
There are 15 low income housing apartment communities offering 575 affordable apartments for rent in Otero County, Colorado.
Income Based Apartments in Otero County, Colorado
Otero County features 493 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 Otero County, Colorado
There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Otero County.
Housing Choice Vouchers in Otero County, Colorado
On average, Section 8 Housing Choice vouchers pay Otero County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Otero County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Otero County, Colorado for a two-bedroom apartment is between $749 and $915.
2021 Otero County, 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|
|Fair Market Rent||$627||$631||$832||$1,035||$1,312|
|Payment Standard Range||$564 to $690||$568 to $694||$749 to $915||$932 to $1,139||$1,181 to $1,443|
Sourced from federal housing data and AffordableHousingOnline.com research.
Otero County, CO Affordable Housing Snapshot
|Total Affordable Apartment Properties||15|
|Total Low Income Apartments||575|
|Total Housing Units with Rental Assistance||493|
|Percentage of Housing Units Occupied By Renters||36.24%|
|Average Renter Household Size||2.37|
|Average Household Size||2.42|
|Median Household Income||$32,311 ±$3,221|
|Median Rent||$655 ±$33|
|Percentage Of Renters Overburdened||52.8% ± 8.01pp|
Population and Household Demographics
Otero County is a county in Colorado with a population of 18,572. There are 7,454 households in the county with an average household size of 2.42 persons. 36.24% of households in Otero County are renters.
Income and Rent Overburden in Otero County
The median gross income for households in Otero County is $32,311 a year, or $2,693 a month. The median rent for the county is $655 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Otero County, a household making less than $2,183 a month would be considered overburdened when renting an apartment at or above the median rent. 52.8% of households who rent are overburdened in Otero County.
Area Median Income In Otero County
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.
In Otero County, HUD calculates the Area Median Income for a family of four as $48,400
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 Otero County
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 Otero County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,950||$17,240||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$24,850||$28,400||$31,950||$35,500||$38,350||$41,200||$44,050||$46,900|
|80% of Median||$39,800||$45,450||$51,150||$56,800||$61,350||$65,900||$70,450||$75,000|
Cities In Otero County
Select A City to View its Apartment Communities and Waiting Lists.
|Cheraw||The HUD funded Public Housing Agency that serves Cheraw is the Otero County Housing Authority.|
|Fowler||The HUD funded Public Housing Agency that serves Fowler is the Otero County Housing Authority.|
|La Junta||The HUD funded Public Housing Agencies that serve La Junta are the La Junta Housing Authority and Otero County Housing Authority.|
|La Junta Gardens||The HUD funded Public Housing Agency that serves La Junta Gardens is the Otero County Housing Authority.|
|Manzanola||The HUD funded Public Housing Agency that serves Manzanola is the Otero County Housing Authority.|
|North La Junta||The HUD funded Public Housing Agency that serves North La Junta is the Otero County Housing Authority.|
|Rocky Ford||The HUD funded Public Housing Agencies that serve Rocky Ford are the Rocky Ford Housing Authority and Otero County Housing Authority.|
|Swink||The HUD funded Public Housing Agency that serves Swink is the Otero County Housing Authority.|