How many renters live in Stratton, Colorado?
The City of Stratton has 722 people living in 251 households.
There are 273 renters living in 85 renter households in this City. Renters make up 37.81 percent of the population living in Stratton.
What is the rental market like in Stratton, Colorado?
There are an estimated 285 housing units in the Stratton area. Of these, 91 units are rental homes, making up 32 percent of the housing market. For every renter household in Stratton, Colorado, there are 1 rental units.
What is the vacancy rate for rentals in Stratton?
The rental vacancy rate in Stratton is 0 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 Stratton for each bedroom size?
Occupied Rental Units by Size in Stratton
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 12 | 28 | 11 | 7 |
Occupied Rental Units by Size in Stratton
A large number of apartments in Stratton 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 Stratton are overburdened by housing costs?
Among renter households in this market, 52 percent have housing cost burden. Further, 15 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 Stratton
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $888 to $1,786. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $888 |
| One BR | $893 |
| Two BR | $1,174 |
| Three BR | $1,420 |
| Four BR | $1,786 |
2024 Fair Market Rents in Stratton, Colorado
How many units are rented at Fair Market Rent (FMR) in Stratton?
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 |
| One BR | 12 | 100 percent |
| Two BR | 7 | 25 percent |
Rental Units Below FMR in Stratton, Colorado
How many affordable rental units are in Stratton?
Income Based Apartments in Stratton, Colorado
Stratton 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 Stratton, Colorado
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stratton.
Housing Choice Vouchers in Stratton, Colorado
On average, Section 8 Housing Choice vouchers pay Stratton landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Stratton.
The maximum amount a voucher would pay on behalf of a low-income tenant in Stratton, Colorado for a two-bedroom apartment is between $1,057 and $1,291.
Sourced from federal housing data and AffordableHousingOnline.com research.
