Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,610 |
| 1 Bedroom | $1,680 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,610 |
| 4 Bedrooms | $2,920 |
| 5 Bedrooms | $3,387 |
| 6 Bedrooms | $3,793 |
| 7 Bedrooms | $4,096 |
| 8 Bedrooms | $4,301 |
U.S. Census Bureau data (2024)
1830 In Arvada, CO (ZIP 80002), the Fair Market Rent (FMR) for 2024 is set at $1830, providing a benchmark for rental pricing. 2128 However, the actual market rent, known as ZORI, stands at $2,128, indicating that properties in this area command a premium over the government's estimate. 565827 The median home value in the area is $565,827, reflecting a robust housing market where property values have been steadily increasing. 504 With a renter share of 50.4%, it's evident that nearly half of the residents prefer renting over owning, which can be a significant factor for landlords and small-portfolio investors looking to capitalize on the demand. 93362 The median income in the area is $93,362, suggesting that tenants generally have the financial capacity to meet higher rental costs. 3 While only 0.3% of listings experienced price cuts, this low figure indicates that the real estate market in Arvada is stable and competitive. 0 Day DOM data being N/A suggests that homes are selling quickly, without extended periods on the market. 3 Given these metrics, the verdict on Section 8 participation in Arvada, CO (ZIP 80002) is clear: the market conditions favor higher rents, and landlords might find that accepting Section 8 vouchers could limit their profitability given the strong rental market and high property values.
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.