Affordable Housing In San Miguel County
3 Low Income Apartment Communities In San Miguel County
Housing Authorities that serve San Miguel County
|San Miguel Regional Housing Authority||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in San Miguel County, Colorado
There are 3 low income housing apartment communities offering 246 affordable apartments for rent in San Miguel County, Colorado.
Income Based Apartments in San Miguel County, Colorado
San Miguel 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 San Miguel County, Colorado
There are 246 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in San Miguel County.
Housing Choice Vouchers in San Miguel County, Colorado
On average, Section 8 Housing Choice vouchers pay San Miguel County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in San Miguel County.
The maximum amount a voucher would pay on behalf of a low-income tenant in San Miguel County, Colorado for a two-bedroom apartment is between $1,342 and $1,640.
2021 San Miguel 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|
|San Miguel County, Colorado Fair Market Rent||$984||$1,159||$1,491||$2,061||$2,347|
|San Miguel County, Colorado Payment Standard Range||$886 to $1,082||$1,043 to $1,275||$1,342 to $1,640||$1,855 to $2,267||$2,112 to $2,582|
Sourced from federal housing data and AffordableHousingOnline.com research.
San Miguel County, CO Affordable Housing Snapshot
|Total Affordable Apartment Properties||3|
|Total Low Income Apartments||246|
|Total Housing Units with Rental Assistance||0|
|Percentage of Housing Units Occupied By Renters||39.55%|
|Average Renter Household Size||2.57|
|Average Household Size||2.31|
|Median Household Income||$56,047 ±$6,153|
|Median Rent||$1,143 ±$60|
|Percentage Of Renters Overburdened||52.33% ± 5.45pp|
Population and Household Demographics
San Miguel County is a county in Colorado with a population of 7,676. There are 3,310 households in the county with an average household size of 2.31 persons. 39.55% of households in San Miguel County are renters.
Income and Rent Overburden in San Miguel County
The median gross income for households in San Miguel County is $56,047 a year, or $4,671 a month. The median rent for the county is $1,143 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In San Miguel County, a household making less than $3,810 a month would be considered overburdened when renting an apartment at or above the median rent. 52.33% of households who rent are overburdened in San Miguel County.
Area Median Income In San Miguel 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 San Miguel County, HUD calculates the Area Median Income for a family of four as $81,500
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 San Miguel 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 San Miguel 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 San Miguel 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 San Miguel 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 San Miguel County AMI may qualify for rental assistance programs that target Low Income households.
Cities In San Miguel County
Select A City to View its Apartment Communities and Waiting Lists.
|Mountain Village||The HUD funded Public Housing Agency that serves Mountain Village is the San Miguel Regional Housing Authority.|
|Norwood||The HUD funded Public Housing Agency that serves Norwood is the San Miguel Regional Housing Authority.|
|Ophir||The HUD funded Public Housing Agency that serves Ophir is the San Miguel Regional Housing Authority.|
|Sawpit||The HUD funded Public Housing Agency that serves Sawpit is the San Miguel Regional Housing Authority.|
|Telluride||The HUD funded Public Housing Agency that serves Telluride is the San Miguel Regional Housing Authority.|