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Affordable Housing In Rio Grande County
Colorado

22 Low Income Apartment Communities In Rio Grande County

GardenWalk of South Fork

170 Bonnaville Dr
South Fork, Colorado
Subsidized

Sierra Vista Apartments

472 Jackson St
Monte Vista, Colorado
Subsidized

Buena Ventura Court

51 Buena Ventura Ct
Center, Colorado
Subsidized

La Hacienda Del Norte

1025 Spruce St
Del Norte, Colorado
Subsidized
62+
Accessible
Elderly Supportive Housing

Casa De Cortez Apartments

751 Mussman Ln
Center, Colorado

Mountain View Manor

311 Washington St
Monte Vista, Colorado
Subsidized

West View Villas

445 Dunham St
Monte Vista, Colorado

Center

700 Warden St
Center, Colorado

Del Norte Family

915 Spruce St
Del Norte, Colorado

Guide To Affordable Housing in Rio Grande County, Colorado

There are 22 low income housing apartment communities offering 978 affordable apartments for rent in Rio Grande County, Colorado.

Income Based Apartments in Rio Grande County, Colorado

Rio Grande County features 322 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 Rio Grande County, Colorado

There are 512 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rio Grande County.

Housing Choice Vouchers in Rio Grande County, Colorado

On average, Section 8 Housing Choice vouchers pay Rio Grande County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Rio Grande County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Rio Grande County, Colorado for a two-bedroom apartment is between $671 and $820.

2021 Rio Grande 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
Rio Grande County, Colorado Fair Market Rent $606 $609 $745 $1,047 $1,051
Rio Grande County, Colorado Payment Standard Range $545 to $667 $548 to $670 $671 to $820 $942 to $1,152 $946 to $1,156

Sourced from federal housing data and AffordableHousingOnline.com research.

Rio Grande County, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 22
Total Low Income Apartments 978
Total Housing Units with Rental Assistance 322
Percentage of Housing Units Occupied By Renters 33.33%
Average Renter Household Size 2.29
Average Household Size 2.49
Median Household Income $39,672 ±$4,196
Median Rent $575 ±$61
Percentage Of Renters Overburdened 33.07% ± 7.83pp
Total Population 11,745

Population and Household Demographics

Rio Grande County is a county in Colorado with a population of 11,745. There are 4,617 households in the county with an average household size of 2.49 persons. 33.33% of households in Rio Grande County are renters.

Income and Rent Overburden in Rio Grande County

The median gross income for households in Rio Grande County is $39,672 a year, or $3,306 a month. The median rent for the county is $575 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rio Grande County, a household making less than $1,917 a month would be considered overburdened when renting an apartment at or above the median rent. 33.07% of households who rent are overburdened in Rio Grande County.

Area Median Income In Rio Grande 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 Rio Grande County, HUD calculates the Area Median Income for a family of four as $55,800

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 Rio Grande 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 Rio Grande 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 Rio Grande County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,950 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% AMI Income Limits
Renters earning up to 50% of the Rio Grande County AMI may qualify for rental assistance programs that target Very Low Income households.
$24,850 $28,400 $31,950 $35,500 $38,350 $41,200 $44,050 $46,900
80% AMI Income Limits
Renters earning up to 80% of the Rio Grande County AMI may qualify for rental assistance programs that target Low Income households.
$39,800 $45,450 $51,150 $56,800 $61,350 $65,900 $70,450 $75,000

Cities In Rio Grande County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Alpine
Center The HUD funded Public Housing Agency that serves Center is the Center Housing Authority.
Del Norte
Gerrard
Monte Vista
South Fork