Section 8 Fair Market Rent (FMR) for ZIP 80014 - 2027

Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, CO MSA

Investment Score for ZIP 80014

Monthly Rent (2BR)

$2,250

Median Price (2BR)

$280,580

1% Rule

0.8%

Annual Yield

9.62%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,820
1 Bedroom	$1,900
2 Bedrooms	$2,250
3 Bedrooms	$2,950
4 Bedrooms	$3,300
5 Bedrooms	$3,828
6 Bedrooms	$4,287
7 Bedrooms	$4,630
8 Bedrooms	$4,862

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,900	$192,813	0.99%	C
2BR	$2,250	$280,580	0.8%	C
3BR	$2,950	$421,523	0.7%	D
4BR	$3,300	$521,148	0.63%	D
5BR	$3,828	$590,348	0.65%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

39,496

Median Household Income

$73,210

Housing Units

19,857

Renter Percentage

39.2%

Occupancy Rate

94.5%

Renter Occupied

7,354

The ZIP code 80014 in Aurora, Colorado, represents a dynamic residential market characterized by a mix of single-family homes and rental properties. This area is known for its affordability and accessibility, making it attractive for both homeowners and renters.

Fair Market Rent (FMR) for ZIP 80014 in fiscal year 2024 is set at $2150. This figure reflects the maximum amount that housing authorities can charge for a two-bedroom apartment under the Section 8 program, indicating the subsidized rental market's price ceiling.
The market rent, as measured by Zillow's ZORI index, stands at $1,636. This is the average rent charged for a typical rental unit in the area, suggesting that the actual market rates are below the FMR, which could be beneficial for landlords participating in the Section 8 program.
The median home value in ZIP 80014 is $356,623. This relatively low median value supports the notion that the area is affordable for first-time buyers and small investors looking to enter the market.
Renters make up 39.2% of the population in 80014. This significant portion of renters indicates a strong demand for rental properties, which can be advantageous for landlords who wish to capitalize on the local housing needs.
The days on market (DOM) for listings is 36 days. This metric suggests that properties are selling relatively quickly, reflecting a healthy pace of transactions in the real estate market.
The median household income in ZIP 80014 is $73,210. This income level provides insight into the financial capacity of potential tenants and buyers, highlighting the importance of pricing strategies that align with the local economic reality.

For landlords and small-portfolio investors, ZIP 80014 presents a balanced opportunity. The gap between the Fair Market Rent and the actual market rent offers a margin for profit, especially for those participating in the Section 8 program. With a substantial renter base and quick property turnover, there is a robust demand for rental units. However, investors must also consider the median home value and income levels when setting rents and valuing properties. Overall, the area's affordability and active market make it a viable investment option for those looking to enter or expand their presence in Aurora's real estate sector.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.