Affordable Housing In Peyton
El Paso County, Colorado

Guide To Affordable Housing in Peyton, Colorado

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Peyton, Colorado.

Income Based Apartments in Peyton, Colorado

Peyton 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 Peyton, Colorado

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Peyton.

Housing Choice Vouchers in Peyton, Colorado

On average, Section 8 Housing Choice vouchers pay Peyton landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Peyton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Peyton, Colorado for a two-bedroom apartment is between $1,172 and $1,432.

2022 Peyton, 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
Peyton, Colorado Fair Market Rent $885 $1,033 $1,302 $1,849 $2,229
Peyton, Colorado Payment Standard Range $797 to $974 $930 to $1,136 $1,172 to $1,432 $1,664 to $2,034 $2,006 to $2,452

Sourced from federal housing data and AffordableHousingOnline.com research.

Peyton, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 3.27
Median Household Income $51,643 ±$43,208
Median Rent $0 ±$0
Total Population 307

Population and Household Demographics

Peyton is a city in El Paso County, Colorado with a population of 307. There are 94 households in the city with an average household size of 3.27 persons. % of households in Peyton are renters.

Income and Rent Overburden in Peyton

The median gross income for households in Peyton is $51,643 a year, or $4,304 a month. The median rent for the city is $0 a month.

Area Median Income In Peyton

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 Peyton, the AMI is calculated from all households within El Paso County.

In Peyton, HUD calculates the Area Median Income for a family of four as $82,400

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 Peyton

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 Peyton

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 Peyton AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,300 $19,800 $22,250 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Peyton AMI may qualify for rental assistance programs that target Very Low Income households.
$28,850 $33,000 $37,100 $41,200 $44,500 $47,800 $51,100 $54,400
80% AMI Income Limits
Renters earning up to 80% of the Peyton AMI may qualify for rental assistance programs that target Low Income households.
$46,150 $52,750 $59,350 $65,900 $71,200 $76,450 $81,750 $87,000