How To Identify Affordable Housing in Steamboat Springs, Colorado
Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.
| Badge | Description |
|---|---|
switch_access_shortcutShort Wait | Low income apartments with no or short waiting lists. |
paymentSubsidized | Low income housing where the rent is subsidized and the renter pays only a portion of total rent. |
real_estate_agentAccepts Vouchers | Apartments that accept Section 8 vouchers near you |
elderlySenior | Rental housing for seniors who are 55 (or sometimes 62) and older. |
paymentIncome Based | Affordable apartments where the rent paid is based on renter income. |
accessibilityAccessible | Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy. |
accessible_forwardDisability | Apartments for individuals or families with disabilities. |
real_estate_agentNaturally Affordable | Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program. |
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment InSteamboat Springs, Colorado
$37.05/hour
(+157%) more thanColorado minimum wage and
$29.80(+411%) more than the Federal minimum wage.
Learn More About Steamboat Springs, Colorado AffordableHousing ↓
What HUD offices serve Steamboat Springs, Colorado?
Public Housing Agencies operate federally assisted affordable housing programs atlocal levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within theirjurisdiction.
Grand County Housing Authority
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Homeownership Voucher, Section 8 Project-Based Rental Assistance (PBRA) programs for Steamboat Springs, Colorado.
Go to theColoradoPublic Housing and Low-Income Apartments Waiting Lists page for openings near Steamboat Springs.
How many renters live in Steamboat Springs, Colorado?
The City of Steamboat Springs has 13,251people living in 5,738 households.
There are 3,950 renters living in1,681 renter households in thisCity. Renters make up 29.81percent of the population living in Steamboat Springs.
What is the rental market like in Steamboat Springs, Colorado?
There are an estimated 10,202 housing units in theSteamboat Springs area. Of these, 2,650 units are rentalhomes, making up 26 percent of the housing market. Forevery renter household in Steamboat Springs, Colorado, there are2 rental units.
What is the vacancy rate for rentals in Steamboat Springs?
The rental vacancy rate in Steamboat Springs is 35 percent.This is ahigher than averagevacancy rate.When rental vacancy rates are high it means that there are a lot of available units and rents tendto be lower.
How many rental units are in Steamboat Springs for each bedroom size?
Occupied Rental Units by Size in Steamboat Springs
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 83 488 576 388 69 Occupied Rental Units by Size in Steamboat Springs
A large number of apartments in Steamboat Springs have two or fewer bedrooms. Seniors and youngprofessionalsespecially may have more success finding an apartment that meets their needs.
How many renter households in Steamboat Springs are overburdened by housing costs?
Among renter households in this market, 52percent havehousing cost burden. Further, 31percent of households are extremely rent overburdened. When renters pay too much for their housing, itleaveslittle money for other necessities like food, clothes, or medicine.
The federal government says that renters arecost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Steamboat Springs
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $1,448 to $3,319. FMRs areupdated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $1,448 One BR $1,489 Two BR $1,956 Three BR $2,365 Four BR $3,319 2024 Fair Market Rents in Steamboat Springs, Colorado
How many units are rented at Fair Market Rent (FMR) in Steamboat Springs?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s FairMarket Rent. Markets with a large share of units above FMR tend to have longer search times to find aqualified unit, while those with a large share of units below FMR tend to have more choices and shortersearch 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 15 18 percent One BR 110 23 percent Two BR 191 33 percent Rental Units Below FMR in Steamboat Springs, Colorado
How many affordable rental units are in Steamboat Springs?
There are a variety of federal affordable housing programs serving households inSteamboat Springs, Colorado including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit 199 Section 8 Project-Based Rental Assistance 1 Section 811 Supportive Housing for Persons with Disabilities 5 USDA Section 515 Rural Rental Housing 79 Tracked Units by Federal Program in Steamboat Springs, Colorado
Income Based Apartments in Steamboat Springs, Colorado
Steamboat Springs features 79 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.
Low Rent Apartments in Steamboat Springs, Colorado
There are 307 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Steamboat Springs.
Housing Choice Vouchers in Steamboat Springs, Colorado
On average, Section 8 Housing Choice vouchers pay Steamboat Springs landlords$800 per month towards rent. The average voucher holdercontributes $300 towards rent inSteamboat Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Steamboat Springs, Colorado fora two-bedroom apartment is between $1,760 and $2,152.
Sourced from federal housing data and AffordableHousingOnline.comresearch.
