How many renters live in Laramie County, Wyoming?
The County of Laramie County has 100,723 people living in 42,559 households.
There are 22,963 renters living in 11,781 renter households in this County. Renters make up 22.8 percent of the population living in Laramie County.
What is the rental market like in Laramie County, Wyoming?
There are an estimated 44,389 housing units in the Laramie County area. Of these, 11,851 units are rental homes, making up 27 percent of the housing market. For every renter household in Laramie County, Wyoming, there are 1 rental units.
What is the vacancy rate for rentals in Laramie County?
The rental vacancy rate in Laramie County is 2 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 Laramie County for each bedroom size?
Occupied Rental Units by Size in Laramie County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 395 | 2,843 | 4,104 | 3,192 | 798 |
Occupied Rental Units by Size in Laramie County
A large number of apartments in Laramie 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 Laramie County are overburdened by housing costs?
Among renter households in this market, 57 percent have housing cost burden. Further, 24 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 Laramie County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $787 to $1,970. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $787 |
| One BR | $917 |
| Two BR | $1,161 |
| Three BR | $1,636 |
| Four BR | $1,970 |
2024 Fair Market Rents in Laramie County, Wyoming
How many units are rented at Fair Market Rent (FMR) in Laramie 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 |
| Studio | 191 | 48 percent |
| One BR | 1,997 | 70 percent |
| Two BR | 2,507 | 61 percent |
Rental Units Below FMR in Laramie County, Wyoming
How many affordable rental units are in Laramie County?
There are a variety of federal affordable housing programs serving households in Laramie County, Wyoming including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 1,151 |
| Public Housing | 265 |
| Section 8 Project-Based Rental Assistance | 236 |
| Section 202 Supportive Housing for the Elderly | 34 |
| Section 811 Supportive Housing for Persons with Disabilities | 17 |
Tracked Units by Federal Program in Laramie County, Wyoming
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Laramie County, Wyoming
Laramie County features 633 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 Laramie County, Wyoming
There are 1,091 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Laramie County.
Housing Choice Vouchers in Laramie County, Wyoming
On average, Section 8 Housing Choice vouchers pay Laramie County landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Laramie County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Laramie County, Wyoming for a two-bedroom apartment is between $1,045 and $1,277.
Sourced from federal housing data and AffordableHousingOnline.com research.
