Section 8 Fair Market Rent (FMR) for ZIP 80001 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 80001, located in Denver, Colorado, is a bustling urban area known for its vibrant downtown scene, proximity to major employers, and diverse housing options. This market presents a mix of opportunities and challenges for landlords and small-portfolio investors, with particular attention needed to the Federal Market Rent (FMR) and vacancy rates.

• Federal Market Rent (FMR): $2180 - The FMR for ZIP 80001 in fiscal year 2024 stands at $2180, which is a critical benchmark for landlords participating in the Section 8 program.
• Market Rent: Not Available - Unfortunately, specific data on the average market rent for ZIP 80001 is not available, making it difficult to compare the FMR against typical rental prices.
• Median Home Value: Not Available - Data on the median home value in this ZIP code is also not available, which could be indicative of a predominantly rental market.
• Renter Share: Not Available - The exact percentage of residents who are renters versus homeowners is not specified, but given the urban setting, it's likely that a significant portion of the population are renters.
• Days on Market (DOM): Not Available - Information on how long properties typically stay on the market before being rented out is not available, which would be useful for gauging vacancy risk.
• Median Income: Not Available - Without specific data on the median income of residents, assessing the financial stability of potential tenants becomes challenging.

In summary, while the Federal Market Rent provides a clear guideline for rental pricing under the Section 8 program, the lack of detailed market data such as average market rent, median home values, and tenant income levels introduces uncertainty. Landlords and investors should focus on leveraging the high FMR to ensure competitive rental yields, while also preparing for potentially higher vacancy rates due to limited insights on local demand and economic conditions. Engaging with local real estate agents and property management companies can provide additional context and help mitigate these risks.

Data Sources: FMR data from HUD (2027).

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.