Affordable Housing In Saguache County
3 Low Income Apartment Communities In Saguache County
Guide To Affordable Housing in Saguache County, Colorado
There are 3 low income housing apartment communities offering 52 affordable apartments for rent in Saguache County, Colorado.
Income Based Apartments in Saguache County, Colorado
Saguache County features 12 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 Saguache County, Colorado
There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Saguache County.
Housing Choice Vouchers in Saguache County, Colorado
On average, Section 8 Housing Choice vouchers pay Saguache County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Saguache County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Saguache County, Colorado for a two-bedroom apartment is between $806 and $986.
2022 Saguache 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|
|Saguache County, Colorado Fair Market Rent||$676||$681||$896||$1,108||$1,215|
|Saguache County, Colorado Payment Standard Range||$608 to $744||$613 to $749||$806 to $986||$997 to $1,219||$1,094 to $1,337|
Sourced from federal housing data and AffordableHousingOnline.com research.
Saguache County, CO Affordable Housing Snapshot
|Total Affordable Apartment Properties||3|
|Total Low Income Apartments||52|
|Total Housing Units with Rental Assistance||12|
|Percentage of Housing Units Occupied By Renters||30.22%|
|Average Renter Household Size||2.63|
|Average Household Size||2.39|
|Median Household Income||$33,393 ±$3,124|
|Median Rent||$663 ±$74|
|Percentage Of Renters Overburdened||39.75% ± 6.89pp|
Population and Household Demographics
Saguache County is a county in Colorado with a population of 6,238. There are 2,598 households in the county with an average household size of 2.39 persons. 30.22% of households in Saguache County are renters.
Income and Rent Overburden in Saguache County
The median gross income for households in Saguache County is $33,393 a year, or $2,783 a month. The median rent for the county is $663 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Saguache County, a household making less than $2,210 a month would be considered overburdened when renting an apartment at or above the median rent. 39.75% of households who rent are overburdened in Saguache County.
Area Median Income In Saguache 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 Saguache County, HUD calculates the Area Median Income for a family of four as $50,000
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 Saguache 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 Saguache 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 Saguache 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 Saguache 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 Saguache County AMI may qualify for rental assistance programs that target Low Income households.