# Routt County

### Summary

- **23.8%** share of renter households
- **37.8%** share of low-income households
- **45.9%** share of rent-burdened households

### Renter population data

| Households                | % share  |
|---------------------------|----------|
| Renter households          | 2,400    |
| Homeowner households       | 7,694    |
| Total households           | 10,094   |

### Low-income renter households

| Household Income Group          | Households | % share  |
|---------------------------------|------------|----------|
| Extremely low-income (≤30% AMI) | 354        | 14.8%    |
| Very low-income (31-50% AMI)   | 244        | 10.2%    |
| Low-income (51-80% AMI)        | 310        | 12.9%    |
| All low-income households (<80% AMI) | 908   | 37.8%    |

### Rent-burdened households

| Share of Income Spent on Rent | Households | % share  |
|-------------------------------|------------|----------|
| Moderately rent-burdened      | 549        | 22.9%    |
| 30.0–34.9%                   | 215        | 9.0%     |
| 35.0–39.9%                   | 49         | 2.0%     |
| 40.0-49.9%                   | 285        | 11.9%    |
| Severely rent-burdened        | 553        | 23.0%    |
| ≥50.0%                        | 553        | 23.0%    |
| All rent-burdened households   | 1,102     | 45.9%    |

### Affordable housing shortage

**Rent vs median household income**

- **Median household income**
  - 2010: **$45,597**
  - 2021: **$59,875**
  - Increase (2010–2021): **31.3%**

- **Median rent**
  - 2010: **$384**
  - 2021: **$1,357**
  - Increase (2010–2021): **253.4%**

**Affordable housing stock**

|          | Units          |
|----------|----------------|
| Supply (current stock) | 1,219          |
| Demand (total units needed) | 526         |
| Shortage                      | -578        |
| total shortage                | -578        |
| supply/demand ratio           | 231.7%      |

## **HUD National Low Income Housing Tax Credit (LIHTC) Database**

| Name                             | Type                              | Year  | Market Rate   | Low-income         | Allocation   |
|----------------------------------|-----------------------------------|-------|---------------|---------------------|--------------|
| HIGHBRIDGE OVERLOOK              | New construction                  | 2014  | N/A           | 154                | $1,804,887   |
| IRVINGTON FAMILY APTS            | New construction                  | 2007  | N/A           | 99                 | $1,378,252   |
| HILLTOP VILLAGE                  | New construction - Acquisition and Rehab | 2012 | N/A     | 200                | $504,385      |
| HUNTINGTON RESERVE                | NA                                | 2006  | N/A           | 168                | $424,046      |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction                  | 2016  | N/A           | 61                 | $1,557,010   |
| INTERVALE GARDENS LLC            | New construction                  | 2008  | N/A           | 65                 | $659,087      |
| Homes of Renaissance Preserve II  | New construction                  | 2012  | N/A           | 88                 | $1,510,000   |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction        | 2013  | N/A           | 39                 | $674,261      |
| IMPERIAL GARDENS FAMILY APTS     | New construction                  | 2009  | N/A           | 76                 | $1,142,750   |
| HOLLY HEIGHTS I + II APARTMENTS  | Acquisition and Rehab             | 2016  | N/A           | 41                 | $435,816      |
| ... (additional entries omitted for brevity) ... |    |         |              |                      |              |