How many renters live in Platte County, Wyoming?
The County of Platte County has 8,618 people living in 3,861 households.
There are 1,837 renters living in 1,001 renter households in this County. Renters make up 21.32 percent of the population living in Platte County.
What is the rental market like in Platte County, Wyoming?
There are an estimated 4,624 housing units in the Platte County area. Of these, 1,134 units are rental homes, making up 25 percent of the housing market. For every renter household in Platte County, Wyoming, there are 1 rental units.
What is the vacancy rate for rentals in Platte County?
The rental vacancy rate in Platte County is 11 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 Platte County for each bedroom size?
Occupied Rental Units by Size in Platte County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 2 | 149 | 407 | 405 | 15 |
Occupied Rental Units by Size in Platte County
A large number of apartments in Platte 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 Platte County are overburdened by housing costs?
Among renter households in this market, 26 percent have housing cost burden. Further, 20 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 Platte County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $767 to $1,417. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $767 |
| One BR | $772 |
| Two BR | $1,014 |
| Three BR | $1,226 |
| Four BR | $1,417 |
2024 Fair Market Rents in Platte County, Wyoming
How many units are rented at Fair Market Rent (FMR) in Platte 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 | 2 | 100 percent |
| One BR | 149 | 100 percent |
| Two BR | 331 | 81 percent |
Rental Units Below FMR in Platte County, Wyoming
How many affordable rental units are in Platte County?
There are a variety of federal affordable housing programs serving households in Platte County, Wyoming including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 12 |
| Section 8 Project-Based Rental Assistance | 45 |
| USDA Section 515 Rural Rental Housing | 12 |
Tracked Units by Federal Program in Platte County, Wyoming
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Platte County, Wyoming
Platte County features 58 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 Platte County, Wyoming
There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Platte County.
Housing Choice Vouchers in Platte County, Wyoming
On average, Section 8 Housing Choice vouchers pay Platte County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Platte County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Platte County, Wyoming for a two-bedroom apartment is between $913 and $1,115.
Sourced from federal housing data and AffordableHousingOnline.com research.
