Location: Colorado County, TX | Metro: Colorado County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
The market in ZIP code 77475 presents a dynamic scenario that landlords and small-portfolio investors should closely monitor. With a Fair Market Rent (FMR) of $1,100 for the fiscal year 2026, the rental landscape is clearly defined, though the lack of current market rent data suggests an evolving situation that could be influenced by various factors.
The median home value of $232,615 provides a benchmark for property values in the area, indicating a relatively stable housing market. However, the absence of recent price-cut share and days on market (DOM) figures leaves room for speculation about the current supply-demand balance. Given the available data, it's reasonable to infer that the market may be experiencing fluctuations, potentially due to changes in local economic conditions or shifts in buyer and investor behavior.
A key metric to consider is the 20.7% renter share, which reveals a significant portion of the population prefers renting over owning. This high percentage of renters suggests ongoing long-term housing pressure, as a substantial number of residents are likely to remain in the rental market even as they age or their financial situations change. Such trends can indicate a steady demand for rental properties, making ZIP 77475 a potentially attractive market for landlords and investors who are looking for consistent returns.
The FMR figure, set at $1,100, serves as a guideline for affordable housing and can influence the rental market's pricing structure. While the exact market rent is not specified, landlords can use the FMR as a reference point to ensure their rental rates are competitive yet fair, especially if they cater to tenants who might rely on government assistance programs.
In summary, ZIP 77475 is a market characterized by a strong presence of renters, a median home value that reflects stability, and an FMR that sets a standard for affordability. The current snapshot indicates a vibrant and shifting environment, with dynamics that favor careful analysis and strategic investment for those looking to capitalize on rental opportunities.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.