Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, CO MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,740 |
| 1 Bedroom | $1,820 |
| 2 Bedrooms | $2,160 |
| 3 Bedrooms | $2,830 |
| 4 Bedrooms | $3,170 |
| 5 Bedrooms | $3,677 |
| 6 Bedrooms | $4,118 |
| 7 Bedrooms | $4,447 |
| 8 Bedrooms | $4,669 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,160 | $618,476 | 0.35% | F |
| 3BR | $2,830 | $629,474 | 0.45% | F |
| 4BR | $3,170 | $687,772 | 0.46% | F |
| 5BR | $3,677 | $806,412 | 0.46% | F |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 80107 in Elizabeth, Colorado, reveals a favorable environment for landlords and small-portfolio investors. The Fair Market Rent (FMR) set by HUD for this area in fiscal year 2024 is $2360, which is notably higher than the average market rent reported by the Census ACS at $1877. This discrepancy means that voucher tenants will generally cashflow positively at the FMR rate, providing landlords with a reliable source of income.
To further understand the investment potential, consider the median home value in ZIP 80107, which stands at $665,926. Using this figure, we can calculate a rent-to-price ratio of approximately 0.35%, indicating that rental properties are relatively affordable compared to home values in the area. This suggests that rental properties are a viable option for those looking to invest in the local real estate market without the need for a significant upfront capital outlay.
The rental market in Elizabeth, CO, also shows strong dynamics with a 45-day median Days on Market (DOM), suggesting that rental units are typically occupied quickly. Additionally, the 0.3% price-cut share indicates that landlords rarely have to reduce their rents to attract tenants, maintaining a stable rental income. These factors point to a market where the demand for rentals is robust, and landlords can expect steady occupancy rates.
In conclusion, the strongest angle for investors in ZIP 80107 is cashflow. With voucher tenants paying above the market rent and a favorable rent-to-price ratio, landlords can expect positive cashflow from their investments. This makes Section 8 properties particularly attractive for those seeking consistent and reliable returns on their real estate investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.