How many renters live in Pueblo West, Colorado?
The City of Pueblo West has 34,337 people living in 12,108 households.
There are 4,270 renters living in 1,696 renter households in this City. Renters make up 12.44 percent of the population living in Pueblo West.
What is the rental market like in Pueblo West, Colorado?
There are an estimated 12,493 housing units in the Pueblo West area. Of these, 1,725 units are rental homes, making up 14 percent of the housing market. For every renter household in Pueblo West, Colorado, there are 1 rental units.
What is the vacancy rate for rentals in Pueblo West?
The rental vacancy rate in Pueblo West is 2 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 Pueblo West for each bedroom size?
Occupied Rental Units by Size in Pueblo West
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 84 | 29 | 583 | 883 | 58 |
Occupied Rental Units by Size in Pueblo West
A large number of apartments in Pueblo West have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Pueblo West are overburdened by housing costs?
Among renter households in this market, 36 percent have housing cost burden. Further, 17 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Pueblo West
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $809 to $1,663. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $809 |
| One BR | $881 |
| Two BR | $1,158 |
| Three BR | $1,503 |
| Four BR | $1,663 |
2024 Fair Market Rents in Pueblo West, Colorado
How many units are rented at Fair Market Rent (FMR) in Pueblo West?
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 | 36 | 43 percent |
| One BR | 20 | 69 percent |
| Two BR | 292 | 50 percent |
Rental Units Below FMR in Pueblo West, Colorado
How many affordable rental units are in Pueblo West?
There are a variety of federal affordable housing programs serving households in Pueblo West, Colorado including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 134 |
Tracked Units by Federal Program in Pueblo West, Colorado
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Pueblo West, Colorado
Pueblo West 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 Pueblo West, Colorado
There are 109 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pueblo West.
Housing Choice Vouchers in Pueblo West, Colorado
On average, Section 8 Housing Choice vouchers pay Pueblo West landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Pueblo West.
The maximum amount a voucher would pay on behalf of a low-income tenant in Pueblo West, Colorado for a two-bedroom apartment is between $1,042 and $1,274.
Sourced from federal housing data and AffordableHousingOnline.com research.
