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 80040 in the Denver-Aurora-Centennial, CO MSA reveals several critical points for potential Section 8 real-estate investments.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for ZIP 80040 in fiscal year 2024 is set at $2100. However, the lack of specific market rent data makes it impossible to directly compare and confirm if the rent math aligns with local market conditions. This uncertainty can be mitigated by conducting a thorough on-ground investigation to verify if $2100 is a reasonable figure compared to other rental properties in the area.
Regarding the affordability of acquisitions, the data is incomplete. The median home value, days on market (DOM), and percentage of price cuts are all listed as N/A. Without these figures, it's challenging to assess the financial feasibility of purchasing properties in this ZIP code. Landlords and investors should seek out detailed real estate listings and recent sale data to understand the current market dynamics and determine if the investment aligns with their financial goals.
Tenant demand is another crucial factor. With the population and renter share percentages both marked as N/A, there's insufficient data to evaluate the number of potential tenants who might be interested in renting properties at the FMR rate. A high renter share typically indicates strong demand, which is favorable for rental properties. To make an informed decision, investors should research demographic trends and housing needs in the ZIP code to gauge the likelihood of finding suitable tenants.
In summary, while the Fair Market Rent for ZIP 80040 is established at $2100, the absence of comprehensive market data, including median home values, days on market, price cut percentages, population figures, and renter share percentages, complicates a full assessment of the viability of Section 8 investments here. Investors must conduct further localized research to fill these gaps and make a confident decision. Despite the uncertainties, the strategic location within the Denver-Aurora-Centennial MSA suggests potential opportunities, but due diligence is essential to ensure alignment with financial objectives and tenant demand.
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.