Affordable Housing In Yuma County
4 Low Income Apartment Communities In Yuma County
Guide To Affordable Housing in Yuma County, Colorado
There are 4 low income housing apartment communities offering 130 affordable apartments for rent in Yuma County, Colorado.
Income Based Apartments in Yuma County, Colorado
Yuma County features 110 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 Yuma County, Colorado
There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Yuma County.
Housing Choice Vouchers in Yuma County, Colorado
On average, Section 8 Housing Choice vouchers pay Yuma County landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Yuma County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Yuma County, Colorado for a two-bedroom apartment is between $910 and $1,112.
2022 Yuma 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|
|Yuma County, Colorado Fair Market Rent||$763||$768||$1,011||$1,338||$1,371|
|Yuma County, Colorado Payment Standard Range||$687 to $839||$691 to $845||$910 to $1,112||$1,204 to $1,472||$1,234 to $1,508|
Sourced from federal housing data and AffordableHousingOnline.com research.
Yuma County, CO Affordable Housing Snapshot
|Total Affordable Apartment Properties||4|
|Total Low Income Apartments||130|
|Total Housing Units with Rental Assistance||110|
|Percentage of Housing Units Occupied By Renters||37.05%|
|Average Renter Household Size||2.47|
|Average Household Size||2.60|
|Median Household Income||$43,105 ±$4,306|
|Median Rent||$639 ±$41|
|Percentage Of Renters Overburdened||37.71% ± 9.95pp|
Population and Household Demographics
Yuma County is a county in Colorado with a population of 10,185. There are 3,865 households in the county with an average household size of 2.60 persons. 37.05% of households in Yuma County are renters.
Income and Rent Overburden in Yuma County
The median gross income for households in Yuma County is $43,105 a year, or $3,592 a month. The median rent for the county is $639 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Yuma County, a household making less than $2,130 a month would be considered overburdened when renting an apartment at or above the median rent. 37.71% of households who rent are overburdened in Yuma County.
Area Median Income In Yuma 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 Yuma County, HUD calculates the Area Median Income for a family of four as $56,100
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 Yuma 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 Yuma 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 Yuma County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Yuma County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Yuma County AMI may qualify for rental assistance programs that target Low Income households.