Affordable Housing In Pitkin County
6 Low Income Apartment Communities In Pitkin County
Housing Authorities that serve Pitkin County
|Garfield County Housing Authority||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Pitkin County, Colorado
There are 6 low income housing apartment communities offering 321 affordable apartments for rent in Pitkin County, Colorado.
Income Based Apartments in Pitkin County, Colorado
Pitkin County 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 Pitkin County, Colorado
There are 321 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pitkin County.
Housing Choice Vouchers in Pitkin County, Colorado
On average, Section 8 Housing Choice vouchers pay Pitkin County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Pitkin County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Pitkin County, Colorado for a two-bedroom apartment is between $1,540 and $1,882.
2021 Pitkin 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|
|Pitkin County, Colorado Fair Market Rent||$1,129||$1,298||$1,711||$2,312||$2,320|
|Pitkin County, Colorado Payment Standard Range||$1,016 to $1,242||$1,168 to $1,428||$1,540 to $1,882||$2,081 to $2,543||$2,088 to $2,552|
Sourced from federal housing data and AffordableHousingOnline.com research.
Pitkin County, CO Affordable Housing Snapshot
|Total Affordable Apartment Properties||6|
|Total Low Income Apartments||321|
|Total Housing Units with Rental Assistance||0|
|Percentage of Housing Units Occupied By Renters||34.82%|
|Average Renter Household Size||2.21|
|Average Household Size||2.28|
|Median Household Income||$71,196 ±$11,001|
|Median Rent||$1,278 ±$142|
|Percentage Of Renters Overburdened||37.67% ± 8.84pp|
Population and Household Demographics
Pitkin County is a county in Colorado with a population of 17,420. There are 7,570 households in the county with an average household size of 2.28 persons. 34.82% of households in Pitkin County are renters.
Income and Rent Overburden in Pitkin County
The median gross income for households in Pitkin County is $71,196 a year, or $5,933 a month. The median rent for the county is $1,278 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pitkin County, a household making less than $4,260 a month would be considered overburdened when renting an apartment at or above the median rent. 37.67% of households who rent are overburdened in Pitkin County.
Area Median Income In Pitkin 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 Pitkin County, HUD calculates the Area Median Income for a family of four as $110,500
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 Pitkin 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 Pitkin County
|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 Pitkin County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Pitkin County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Pitkin County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Pitkin County
Select A City to View its Apartment Communities and Waiting Lists.
|Aspen||The HUD funded Public Housing Agency that serves Aspen is the Garfield County Housing Authority.|
|Norrie||The HUD funded Public Housing Agency that serves Norrie is the Garfield County Housing Authority.|
|Redstone||The HUD funded Public Housing Agency that serves Redstone is the Garfield County Housing Authority.|
|Snowmass Village||The HUD funded Public Housing Agency that serves Snowmass Village is the Garfield County Housing Authority.|
|Woody Creek||The HUD funded Public Housing Agency that serves Woody Creek is the Garfield County Housing Authority.|