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 | $2,090 |
| 1 Bedroom | $2,190 |
| 2 Bedrooms | $2,590 |
| 3 Bedrooms | $3,400 |
| 4 Bedrooms | $3,800 |
| 5 Bedrooms | $4,408 |
| 6 Bedrooms | $4,937 |
| 7 Bedrooms | $5,332 |
| 8 Bedrooms | $5,599 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,190 | $275,651 | 0.79% | D |
| 2BR | $2,590 | $402,679 | 0.64% | D |
| 3BR | $3,400 | $713,340 | 0.48% | F |
| 4BR | $3,800 | $945,422 | 0.4% | F |
| 5BR | $4,408 | $1,410,433 | 0.31% | F |
U.S. Census Bureau data (2024)
The ZIP code 80111, located in Greenwood Village, CO, has a population of 31,561 residents, with 36.0% being renters. This indicates a moderately renter-heavy area, though it is not dominated by renters. The median household income stands at $135,995, which provides insight into the economic conditions of the area.
In terms of rental market dynamics, the typical market rent for an apartment in this ZIP is $1,930. This represents approximately 14.2% of the median household income, calculated as ($1,930 / $135,995) * 100%. Given that the Fair Market Rent (FMR) for the fiscal year 2024 is set at $2,600, there is a significant gap between the market rent and the FMR, suggesting that landlords may need to adjust their expectations regarding rent subsidies.
The disparity between the actual market rent and the FMR implies that tenants relying on vouchers might find it challenging to cover the full rent amount without additional financial support. Landlords in 80111 should anticipate a tenant pool that includes individuals and families who require assistance to meet the higher cost of living in this affluent suburb of Denver.
To summarize, while 80111 is not a heavily voucher-dependent area due to its relatively low percentage of renters and high median income, the typical rent still consumes a notable portion of local incomes. Landlords should prepare for tenants who may have limited funds available for rent beyond what the voucher covers, necessitating flexibility and possibly supplementary agreements to ensure timely payments.
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.