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There are 41 low-income apartments in Las Animas County that offer reduced rents to eligible households.
Rental assistance programs support 287 low-income homes in Las Animas County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $344 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Las Animas County, Colorado Affordable Housing Data
Income Based Apartments in Las Animas County, Colorado
Las Animas County features 287 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 Las Animas County, Colorado
There are 41 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Las Animas County.
Housing Choice Vouchers in Las Animas County, Colorado
On average, Section 8 Housing Choice vouchers pay Las Animas County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Las Animas County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Las Animas County, Colorado for a two-bedroom apartment is between $1,058 and $1,294.
2024 Las Animas 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 | |
|---|---|---|---|---|---|
| Las Animas County, Colorado Fair Market Rent | $797 | $895 | $1,176 | $1,451 | $1,571 |
| Las Animas County, Colorado Payment Standard Range | $717 to $877 | $806 to $985 | $1,058 to $1,294 | $1,306 to $1,596 | $1,414 to $1,728 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Las Animas County, CO Affordable Housing Snapshot
| Total Affordable Apartment Properties | 15 |
|---|---|
| Total Low Income Apartments | 333 |
| Total Housing Units with Rental Assistance | 287 |
| Percentage of Housing Units Occupied By Renters | 31.2% |
| Average Renter Household Size | 2.25 |
| Average Household Size | 2.36 |
| Median Household Income | $45,067 ±$2,870 |
| Median Rent | $755 ±$46 |
| Percentage Of Renters Overburdened | 43.78% ± 5.08pp |
| Total Population | 14,503 |
Population and Household Demographics
Las Animas County is a county in Colorado with a population of 14,503. There are 5,826 households in the county with an average household size of 2.36 persons. 31.2% of households in Las Animas County are renters.
Income and Rent Overburden in Las Animas County
The median gross income for households in Las Animas County is $45,067 a year, or $3,756 a month. The median rent for the county is $755 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Las Animas County, a household making less than $2,517 a month would be considered overburdened when renting an apartment at or above the median rent. 43.78% of households who rent are overburdened in Las Animas County.
Area Median Income In Las Animas 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 Las Animas County, HUD calculates the Area Median Income for a family of four as $66,800
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 Las Animas 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 Las Animas 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 Las Animas County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$18,300 | $20,900 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Las Animas County AMI may qualify for rental assistance programs that target Very Low Income households. |
$30,450 | $34,800 | $39,150 | $43,500 | $47,000 | $50,500 | $53,950 | $57,450 |
| 80% AMI Income Limits Renters earning up to 80% of the Las Animas County AMI may qualify for rental assistance programs that target Low Income households. |
$48,750 | $55,700 | $62,650 | $69,600 | $75,200 | $80,750 | $86,350 | $91,900 |
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