What HUD offices serve Wheat Ridge, 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 Wheat Ridge.
How many renters live in Wheat Ridge, Colorado?
The City of Wheat Ridge has 32,263 people living in 14,674 households.
There are 14,625 renters living in 7,005 renter households in this City. Renters make up 45.33 percent of the population living in Wheat Ridge.
What is the rental market like in Wheat Ridge, Colorado?
There are an estimated 15,595 housing units in the Wheat Ridge area. Of these, 7,344 units are rental homes, making up 47 percent of the housing market. For every renter household in Wheat Ridge, Colorado, there are 1 rental units.
What is the vacancy rate for rentals in Wheat Ridge?
The rental vacancy rate in Wheat Ridge is 5 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 Wheat Ridge for each bedroom size?
Occupied Rental Units by Size in Wheat Ridge
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 246 | 1,906 | 3,199 | 1,237 | 196 |
Occupied Rental Units by Size in Wheat Ridge
A large number of apartments in Wheat Ridge 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 Wheat Ridge are overburdened by housing costs?
Among renter households in this market, 52 percent have housing cost burden. Further, 23 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 Wheat Ridge
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 Wheat Ridge, Colorado
How many units are rented at Fair Market Rent (FMR) in Wheat Ridge?
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 | 188 | 76 percent |
| One BR | 1,692 | 89 percent |
| Two BR | 1,699 | 53 percent |
Rental Units Below FMR in Wheat Ridge, Colorado
How many affordable rental units are in Wheat Ridge?
There are a variety of federal affordable housing programs serving households in Wheat Ridge, Colorado including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 483 |
| Section 8 Project-Based Rental Assistance | 118 |
Tracked Units by Federal Program in Wheat Ridge, Colorado
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Wheat Ridge, Colorado
Wheat Ridge features 133 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 Wheat Ridge, Colorado
There are 260 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wheat Ridge.
Housing Choice Vouchers in Wheat Ridge, Colorado
On average, Section 8 Housing Choice vouchers pay Wheat Ridge landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Wheat Ridge.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wheat Ridge, Colorado for a two-bedroom apartment is between $1,981 and $2,421.
Sourced from federal housing data and AffordableHousingOnline.com research.
