Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,640 |
| 1 Bedroom | $1,710 |
| 2 Bedrooms | $2,030 |
| 3 Bedrooms | $2,660 |
| 4 Bedrooms | $2,980 |
| 5 Bedrooms | $3,457 |
| 6 Bedrooms | $3,872 |
| 7 Bedrooms | $4,182 |
| 8 Bedrooms | $4,391 |
U.S. Census Bureau data (2024)
The ZIP code 80004 in Arvada, Colorado, stands out within Jefferson County due to its unique mix of demographics and housing values. With a population of 33,700 residents, it has a rental rate of 26.4%, indicating a significant portion of the community lives in rented properties. The median income in this area is $103,659, which is notably higher than the national average, suggesting a relatively affluent population. However, the median home value of $608,879 places it firmly in the upper echelons of property costs, reflecting the high demand and limited supply in the local housing market.
Turning to the economic viability of Section 8 vouchers in 80004, the Fair Market Rent (FMR) for the fiscal year 2024 is set at $2,030. This figure is slightly below the market rent, as indicated by the ZORI (Zillow Observed Rent Index), which stands at $2,196. Landlords should be aware that while the FMR provides a benchmark for rental assistance, the actual market rates may require adjustments to remain competitive and profitable.
The data signature for ZIP 80004 reads as stable, with a consistent median income and a steady rental market. The slight gap between the FMR and market rent suggests a balanced environment where landlords can expect reasonable returns while participating in the Section 8 program. Given these factors, 80004 offers a reliable opportunity for landlords and small-portfolio investors looking to engage in affordable housing initiatives without compromising on financial stability.
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.