Steamboat Springs, Colorado Affordable Housing

Affordable Housing programs support 24 income based apartments in Steamboat Springs where households pay rent based on how much they earn.

There are 278 affordable apartments in Steamboat Springs that offer reduced rents to low-income households.

Waiting Lists in Steamboat Springs, Colorado

There are no open Section 8 Housing Choice Voucher waiting lists in Steamboat Springs. Go to the Colorado Section 8 Waiting Lists page for openings near Steamboat Springs.

Alpenglow Village

1400 Pine Grove Road
Steamboat Springs, Colorado
Call For Rent
1-3 BR
Affordable

Mountain Village

1101 Mountain Village Cir
Steamboat Springs, Colorado
$1,310-1,900
1-3 BR
Affordable

The Reserves at Steamboat Springs

2100 Elk River Rd
Steamboat Springs, Colorado
Affordable

Hillside Village Apartments

605 Tamarack Dr
Steamboat Springs, Colorado
Affordable

Selbe Apartments

550 Rollingstone Dr
Steamboat Springs, Colorado
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Affordable Housing Near Steamboat Springs

View affordable apartments and waiting lists in cities near Steamboat Springs

City Apartments
Hayden, CO Affordable Housing programs support 2 apartment communities in Hayden.

Public Housing Agencies Serving Steamboat Springs, Colorado

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Grand County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Section 8 Project-Based Rental Assistance (PBRA)
Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Steamboat Springs.

Steamboat Springs, Colorado Affordable Housing Data

Income Based Apartments in Steamboat Springs, Colorado

Steamboat Springs features 24 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 Steamboat Springs, Colorado

There are 278 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Steamboat Springs.

Housing Choice Vouchers in Steamboat Springs, Colorado

On average, Section 8 Housing Choice vouchers pay Steamboat Springs landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Steamboat Springs.

The maximum amount a voucher would pay on behalf of a low-income tenant in Steamboat Springs, Colorado for a two-bedroom apartment is between $1,526 and $1,865.

2023 Steamboat Springs, 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
Steamboat Springs, Colorado Fair Market Rent $1,279 $1,288 $1,695 $2,063 $2,887
Steamboat Springs, Colorado Payment Standard Range $1,151 to $1,407 $1,159 to $1,417 $1,526 to $1,865 $1,857 to $2,269 $2,598 to $3,176

Sourced from federal housing data and AffordableHousingOnline.com research.

Steamboat Springs, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 302
Total Housing Units with Rental Assistance 24
Percentage of Housing Units Occupied By Renters 37.76%
Average Renter Household Size 2.56
Average Household Size 2.40
Median Household Income $56,125 ±$8,158
Median Rent $1,160 ±$62
Percentage Of Renters Overburdened 54.14% ± 8.9pp
Total Population 12,148

Population and Household Demographics

Steamboat Springs is a city in Routt County, Colorado with a population of 12,148. There are 4,926 households in the city with an average household size of 2.40 persons. 37.76% of households in Steamboat Springs are renters.

Income and Rent Overburden in Steamboat Springs

The median gross income for households in Steamboat Springs is $56,125 a year, or $4,677 a month. The median rent for the city is $1,160 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Steamboat Springs, a household making less than $3,867 a month would be considered overburdened when renting an apartment at or above the median rent. 54.14% of households who rent are overburdened in Steamboat Springs.

Area Median Income In Steamboat Springs

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Steamboat Springs, the AMI is calculated from all households within Routt County.

In Steamboat Springs, HUD calculates the Area Median Income for a family of four as $105,600

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 Steamboat Springs

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 Steamboat Springs

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 Steamboat Springs AMI may qualify for rental assistance programs that target Extremely Low Income households.
$21,500 $24,600 $27,650 $30,700 $33,200 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Steamboat Springs AMI may qualify for rental assistance programs that target Very Low Income households.
$35,850 $40,950 $46,050 $51,150 $55,250 $59,350 $63,450 $67,550
80% AMI Income Limits
Renters earning up to 80% of the Steamboat Springs AMI may qualify for rental assistance programs that target Low Income households.
$57,300 $65,500 $73,700 $81,850 $88,400 $94,950 $101,500 $108,050