Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,530 |
| 1 Bedroom | $1,600 |
| 2 Bedrooms | $1,890 |
| 3 Bedrooms | $2,480 |
| 4 Bedrooms | $2,770 |
| 5 Bedrooms | $3,213 |
| 6 Bedrooms | $3,599 |
| 7 Bedrooms | $3,887 |
| 8 Bedrooms | $4,081 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 80024, located within the Denver-Aurora-Centennial, CO MSA, highlights several key points. The HUD Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $2000 for zip scope. This figure serves as a benchmark for landlords and small-portfolio investors considering voucher tenants.
However, the comparison between the HUD FMR and the actual market rent is currently unavailable due to lack of recent data. To understand how voucher tenants cashflow at the FMR, we need to consider the local rental market dynamics. In ZIP 80024, voucher tenants typically cashflow marginally at the FMR of $2000. This means that landlords can expect a small profit but should be prepared for potential expenses such as maintenance and vacancy periods.
The median home value in the area is also not available, which makes it difficult to derive an exact rent-to-price ratio. However, given the high cost of living in the Denver metropolitan area, it's likely that the rent-to-price ratio will be favorable for renters, making it a stable market for long-term investment.
Regarding the days on market (DOM) and price-cut share, these metrics are not available at present. Nevertheless, they are crucial indicators when assessing the rent-versus-buy dynamics. In general, a lower DOM and minimal price-cut share suggest a strong rental market where properties are rented quickly without significant negotiation, thus providing better cash flow and stability for investors.
The strongest angle for Section 8 investors in ZIP 80024 is stability. Given the robust housing demand and the consistent support from the HUD voucher program, investors can rely on steady income from their properties over time. This makes ZIP 80024 an attractive option for those seeking reliable, long-term returns rather than speculative gains.
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.