How many renters live in Carbon County, Wyoming?
The County of Carbon County has 14,609 people living in 5,847 households.
There are 3,629 renters living in 1,591 renter households in this County. Renters make up 24.84 percent of the population living in Carbon County.
What is the rental market like in Carbon County, Wyoming?
There are an estimated 8,218 housing units in the Carbon County area. Of these, 2,010 units are rental homes, making up 24 percent of the housing market. For every renter household in Carbon County, Wyoming, there are 1 rental units.
What is the vacancy rate for rentals in Carbon County?
The rental vacancy rate in Carbon County is 20 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Carbon County for each bedroom size?
Occupied Rental Units by Size in Carbon County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 251 | 623 | 541 | 153 |
Occupied Rental Units by Size in Carbon County
A large number of apartments in Carbon County 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 Carbon County are overburdened by housing costs?
Among renter households in this market, 20 percent have housing cost burden. Further, 6 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 Carbon County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $803 to $1,726. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $803 |
| One BR | $808 |
| Two BR | $1,038 |
| Three BR | $1,463 |
| Four BR | $1,726 |
2024 Fair Market Rents in Carbon County, Wyoming
How many units are rented at Fair Market Rent (FMR) in Carbon County?
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 | 151 | 60 percent |
| Two BR | 491 | 79 percent |
Rental Units Below FMR in Carbon County, Wyoming
How many affordable rental units are in Carbon County?
There are a variety of federal affordable housing programs serving households in Carbon County, Wyoming including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 100 |
| Public Housing | 20 |
| Section 8 Project-Based Rental Assistance | 133 |
| USDA Section 515 Rural Rental Housing | 38 |
Tracked Units by Federal Program in Carbon County, Wyoming
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Carbon County, Wyoming
Carbon County features 194 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 Carbon County, Wyoming
There are 88 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Carbon County.
Housing Choice Vouchers in Carbon County, Wyoming
On average, Section 8 Housing Choice vouchers pay Carbon County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Carbon County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Carbon County, Wyoming for a two-bedroom apartment is between $934 and $1,142.
Sourced from federal housing data and AffordableHousingOnline.com research.
