Low Income Apartments For Rent in Walsenburg, CO

Rental assistance programs support 134 low-income homes in Walsenburg where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $326 towards rent each month.

Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Walsenburg, Colorado

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority	Programs
Housing Authority of the City of Walsenburg	Public Housing
Upper Arkansas Area Council of Governments	Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Mainstream Voucher

Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Walsenburg.

Walsenburg, Colorado Affordable Housing Data

Income Based Apartments in Walsenburg, Colorado

Walsenburg features 134 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 Walsenburg, Colorado

There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Walsenburg.

Housing Choice Vouchers in Walsenburg, Colorado

On average, Section 8 Housing Choice vouchers pay Walsenburg landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Walsenburg.

The maximum amount a voucher would pay on behalf of a low-income tenant in Walsenburg, Colorado for a two-bedroom apartment is between $967 and $1,181.

2024 Walsenburg, 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
Walsenburg, Colorado Fair Market Rent	$812	$817	$1,074	$1,299	$1,729
Walsenburg, Colorado Payment Standard Range	$731 to $893	$735 to $899	$967 to $1,181	$1,169 to $1,429	$1,556 to $1,902

Sourced from federal housing data and AffordableHousingOnline.com research.

Walsenburg, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 3

Total Low Income Apartments 164

Total Housing Units with Rental Assistance 134

Percentage of Housing Units Occupied By Renters 45.19%

Average Renter Household Size 2.04

Average Household Size 2.31

Median Household Income $24,928 ±$4,796

Median Rent $578 ±$74

Percentage Of Renters Overburdened 52.89% ± 17.22pp

Total Population 2,930

Total Affordable Apartment Properties	3
Total Low Income Apartments	164
Total Housing Units with Rental Assistance	134
Percentage of Housing Units Occupied By Renters	45.19%
Average Renter Household Size	2.04
Average Household Size	2.31
Median Household Income	$24,928 ±$4,796
Median Rent	$578 ±$74
Percentage Of Renters Overburdened	52.89% ± 17.22pp
Total Population	2,930

Population and Household Demographics

Walsenburg is a city in Huerfano County, Colorado with a population of 2,930. There are 1,226 households in the city with an average household size of 2.31 persons. 45.19% of households in Walsenburg are renters.

Income and Rent Overburden in Walsenburg

The median gross income for households in Walsenburg is $24,928 a year, or $2,077 a month. The median rent for the city is $578 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Walsenburg, a household making less than $1,927 a month would be considered overburdened when renting an apartment at or above the median rent. 52.89% of households who rent are overburdened in Walsenburg.

Area Median Income In Walsenburg

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Walsenburg, the AMI is calculated from all households within Huerfano County.

In Walsenburg, HUD calculates the Area Median Income for a family of four as $67,300

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 Walsenburg

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 Walsenburg

	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 Walsenburg 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 Walsenburg 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 Walsenburg 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