Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,480 |
| 1 Bedroom | $1,580 |
| 2 Bedrooms | $1,890 |
| 3 Bedrooms | $2,470 |
| 4 Bedrooms | $2,750 |
| 5 Bedrooms | $3,190 |
| 6 Bedrooms | $3,573 |
| 7 Bedrooms | $3,859 |
| 8 Bedrooms | $4,052 |
U.S. Census Bureau data (2024)
14.5% of Aurora, CO's residents are renters, indicating a moderate demand for rental properties in the area. The Fair Market Rent (FMR) for ZIP code 80019 is set at $1950 for fiscal year 2024, which represents the maximum amount that a Section 8 tenant can pay towards their housing costs. In contrast, the market rent, known as ZORI, stands at $2,890, showing a significant gap between subsidized and market rates. This suggests that landlords who accept Section 8 tenants can still achieve competitive occupancy levels without drastically reducing their rental income.
The median home value in ZIP 80019 is $516,758, reflecting a relatively stable housing market. However, the median income of $129,154 indicates that a substantial portion of the population may struggle to afford market-rate rents, making Section 8 a viable option for many seeking housing. The low price-cut share of 0.3% suggests that property values are holding steady, with few landlords needing to reduce their asking prices to attract tenants.
Aurora's lack of reported days on market (DOM) implies either a robust rental market where listings move quickly, or a data limitation that should be considered when evaluating property performance. Given the strong demand for affordable housing and the presence of a Section 8 program that bridges the gap between market rents and what residents can afford, landlords in ZIP 80019 can confidently consider accepting Section 8 tenants as a way to ensure consistent occupancy and cash flow.
Section 8 verdict: Accepting Section 8 tenants in Aurora, CO's ZIP 80019 is a prudent strategy given the demand for affordable housing and the stability of 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.