What HUD offices serve Thornton, 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.
Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Thornton.
How many renters live in Thornton, Colorado?
The City of Thornton has people living in households.
There are renters living in renter households in this City. Renters make up 20.57 percent of the population living in Thornton.
What is the rental market like in Thornton, Colorado?
There are an estimated housing units in the Thornton area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Thornton, Colorado, there are 1.16 rental units.
What is the vacancy rate for rentals in Thornton?
The rental vacancy rate in Thornton is 3 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 Thornton for each bedroom size?
Occupied Rental Units by Size in Thornton
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 362 | 3,709 | 4,358 | 3,441 | 923 |
Occupied Rental Units by Size in Thornton
A large number of apartments in Thornton have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Thornton
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,658 to $3,225. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,658 |
| One BR | $1,835 |
| Two BR | $2,201 |
| Three BR | $2,874 |
| Four BR | $3,225 |
2024 Fair Market Rents in Thornton, Colorado
How many units are rented at Fair Market Rent (FMR) in Thornton?
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 |
| Studio | 154 | 43 percent |
| One BR | 1,714 | 46 percent |
| Two BR | 992 | 23 percent |
Rental Units Below FMR in Thornton, Colorado
How many affordable rental units are in Thornton?
There are a variety of federal affordable housing programs serving households in Thornton, Colorado including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance |
Tracked Units by Federal Program in Thornton, Colorado
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Thornton, Colorado
Thornton features 476 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 Thornton, Colorado
There are 980 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Thornton.
Housing Choice Vouchers in Thornton, Colorado
On average, Section 8 Housing Choice vouchers pay Thornton landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Thornton.
The maximum amount a voucher would pay on behalf of a low-income tenant in Thornton, Colorado for a two-bedroom apartment is between $1,981 and $2,421.
Sourced from federal housing data and AffordableHousingOnline.com research.
