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Affordable Housing In Teller County
Colorado

4 Low Income Apartment Communities In Teller County

Valley View Place Apartments

Hwy 67 and Valley View Dr
Woodland Park, Colorado

Gold Camp Apartments

325 E Galena
Cripple Creek, Colorado

Hybrook Townhomes II

212 Hybrook Rd S
Divide, Colorado

Burlwood Apartments

140 W Golden Avenue
Cripple Creek, Colorado
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Housing Authorities that serve Teller County

Housing Authority Programs
Upper Arkansas Area Council of Governments Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Mainstream Voucher

Guide To Affordable Housing in Teller County, Colorado

There are 4 low income housing apartment communities offering 88 affordable apartments for rent in Teller County, Colorado.

Income Based Apartments in Teller County, Colorado

Teller County features 10 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 Teller County, Colorado

There are 78 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Teller County.

Housing Choice Vouchers in Teller County, Colorado

On average, Section 8 Housing Choice vouchers pay Teller County landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Teller County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Teller County, Colorado for a two-bedroom apartment is between $1,038 and $1,268.

2021 Teller 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
Teller County, Colorado Fair Market Rent $761 $875 $1,153 $1,650 $1,875
Teller County, Colorado Payment Standard Range $685 to $837 $788 to $963 $1,038 to $1,268 $1,485 to $1,815 $1,688 to $2,063

Sourced from federal housing data and AffordableHousingOnline.com research.

Teller County, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 88
Total Housing Units with Rental Assistance 10
Percentage of Housing Units Occupied By Renters 19.34%
Average Renter Household Size 2.35
Average Household Size 2.42
Median Household Income $62,372 ±$3,543
Median Rent $985 ±$115
Percentage Of Renters Overburdened 51.48% ± 8.32pp
Total Population 23,340

Population and Household Demographics

Teller County is a county in Colorado with a population of 23,340. There are 9,581 households in the county with an average household size of 2.42 persons. 19.34% of households in Teller County are renters.

Income and Rent Overburden in Teller County

The median gross income for households in Teller County is $62,372 a year, or $5,198 a month. The median rent for the county is $985 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Teller County, a household making less than $3,283 a month would be considered overburdened when renting an apartment at or above the median rent. 51.48% of households who rent are overburdened in Teller County.

Area Median Income In Teller 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 Teller County, HUD calculates the Area Median Income for a family of four as $81,800

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 Teller 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 Teller 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 Teller County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,200 $19,650 $22,100 $26,200 $30,680 $35,160 $39,640 $44,120
50% AMI Income Limits
Renters earning up to 50% of the Teller County AMI may qualify for rental assistance programs that target Very Low Income households.
$28,650 $32,750 $36,850 $40,900 $44,200 $47,450 $50,750 $54,000
80% AMI Income Limits
Renters earning up to 80% of the Teller County AMI may qualify for rental assistance programs that target Low Income households.
$45,850 $52,400 $58,950 $65,450 $70,700 $75,950 $81,200 $86,400

Cities In Teller County

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

City Served By
Cripple Creek The HUD funded Public Housing Agency that serves Cripple Creek is the Upper Arkansas Area Council of Governments.
Divide The HUD funded Public Housing Agency that serves Divide is the Upper Arkansas Area Council of Governments.
Florissant The HUD funded Public Housing Agency that serves Florissant is the Upper Arkansas Area Council of Governments.
Goldfield The HUD funded Public Housing Agency that serves Goldfield is the Upper Arkansas Area Council of Governments.
Midland The HUD funded Public Housing Agency that serves Midland is the Upper Arkansas Area Council of Governments.
Victor The HUD funded Public Housing Agency that serves Victor is the Upper Arkansas Area Council of Governments.
Woodland Park The HUD funded Public Housing Agency that serves Woodland Park is the Upper Arkansas Area Council of Governments.