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There are 1,091 low-income apartments in Laramie County that offer reduced rents to eligible households. Low-income rents in Laramie County, Wyoming can range from $478 to $950 depending on the number of bedrooms.
Rental assistance programs support 633 low-income homes in Laramie County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $356 towards rent each month.
Affordable rent data for some communities last confirmed on July 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Laramie County, Wyoming Affordable Housing Data
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.
2024 Laramie County, Wyoming 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 | |
|---|---|---|---|---|---|
| Laramie County, Wyoming Fair Market Rent | $787 | $917 | $1,161 | $1,636 | $1,970 |
| Laramie County, Wyoming Payment Standard Range | $708 to $866 | $825 to $1,009 | $1,045 to $1,277 | $1,472 to $1,800 | $1,773 to $2,167 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Laramie County, WY Affordable Housing Snapshot
| Total Affordable Apartment Properties | 55 |
|---|---|
| Total Low Income Apartments | 1,747 |
| Total Housing Units with Rental Assistance | 633 |
| Percentage of Housing Units Occupied By Renters | 31.27% |
| Average Renter Household Size | 2.37 |
| Average Household Size | 2.51 |
| Median Household Income | $60,706 ±$2,418 |
| Median Rent | $827 ±$30 |
| Percentage Of Renters Overburdened | 39.29% ± 3.29pp |
| Total Population | 95,431 |
Population and Household Demographics
Laramie County is a county in Wyoming with a population of 95,431. There are 37,294 households in the county with an average household size of 2.51 persons. 31.27% of households in Laramie County are renters.
Income and Rent Overburden in Laramie County
The median gross income for households in Laramie County is $60,706 a year, or $5,059 a month. The median rent for the county is $827 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Laramie County, a household making less than $2,757 a month would be considered overburdened when renting an apartment at or above the median rent. 39.29% of households who rent are overburdened in Laramie County.
Area Median Income In Laramie 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 Laramie County, HUD calculates the Area Median Income for a family of four as $91,600
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 Laramie 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 Laramie 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 Laramie County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$19,900 | $22,750 | $25,600 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Laramie County AMI may qualify for rental assistance programs that target Very Low Income households. |
$33,150 | $37,850 | $42,600 | $47,300 | $51,100 | $54,900 | $58,700 | $62,450 |
| 80% AMI Income Limits Renters earning up to 80% of the Laramie County AMI may qualify for rental assistance programs that target Low Income households. |
$53,000 | $60,600 | $68,150 | $75,700 | $81,800 | $87,850 | $93,900 | $99,950 |
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