Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,660 |
| 1 Bedroom | $1,740 |
| 2 Bedrooms | $2,060 |
| 3 Bedrooms | $2,700 |
| 4 Bedrooms | $3,020 |
| 5 Bedrooms | $3,503 |
| 6 Bedrooms | $3,923 |
| 7 Bedrooms | $4,237 |
| 8 Bedrooms | $4,449 |
The analysis of ZIP code 80035 within the Denver-Aurora-Centennial, CO MSA metro area reveals several key insights for landlords and small-portfolio investors.
Regarding the rent math, the Family Monthly Income Range (FMR) set at $2100 for fiscal year 2024 does not provide a complete picture due to the lack of current market rent data. This makes it challenging to assess if the rent math works effectively in this area without knowing the market rates.
Concerning the affordability of acquisition, the absence of specific data on median home values, days on market (DOM), and the percentage of homes that have had their prices cut means that a precise assessment cannot be made. These metrics are crucial for determining whether buying properties in ZIP 80035 would be financially viable for investors.
As for tenant demand, the ZIP code's population and the percentage of renters are not specified, which hinders the ability to gauge the potential occupancy rate and demand for rental properties. Without these details, it's impossible to determine if there is sufficient tenant interest to support investment in this area.
Verdict: The analysis of ZIP 80035 is limited by the absence of critical data points such as market rent, median home values, DOM, price-cut shares, population, and renter percentages. To make informed decisions, landlords and small-portfolio investors must seek out current, detailed local real estate market data. Until then, the viability of investment in this ZIP code remains uncertain.
Data Sources: FMR data from HUD (2027).
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.