Section 8 Fair Market Rent (FMR) for ZIP 80116 - 2027

Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, CO MSA

Investment Score for ZIP 80116

N/A

Monthly Rent (2BR)

$2,100

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,670
1 Bedroom	$1,770
2 Bedrooms	$2,100
3 Bedrooms	$2,760
4 Bedrooms	$3,090
5 Bedrooms	$3,584
6 Bedrooms	$4,014
7 Bedrooms	$4,335
8 Bedrooms	$4,552

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$2,760	$885,250	0.31%	F
4BR	$3,090	$1,102,317	0.28%	F
5BR	$3,584	$1,376,497	0.26%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

5,132

Median Household Income

$146,000

Housing Units

1,964

Renter Percentage

3.3%

Occupancy Rate

94.0%

Renter Occupied

The ZIP code 80116, located in Boulder, Colorado, is known for its high-end residential properties and proximity to the University of Colorado Boulder. This area attracts a diverse mix of residents, including university staff, professionals, and families, which contributes to its unique rental market dynamics.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 80116 for fiscal year 2024 is set at $2360, reflecting the higher cost of living in this part of Boulder.
The average market rent for all property types in ZIP 80116 is $1,435, according to the latest Census ACS data, indicating that the actual rental prices are below the FMR.
The median home value in ZIP 80116 is a substantial $1,056,046, showcasing the affluent nature of the housing market in this area.
Renters make up only 3.3% of the population in this ZIP code, suggesting a preference for homeownership among the local populace.
The median household income in ZIP 80116 is $146,000, which is significantly above the national average, indicating strong financial stability among residents.

Investors looking to enter the ZIP 80116 market should note the discrepancy between the FMR and the actual market rents, which could be indicative of overvaluation in the rental market or a potential opportunity for price increases. The high median home value suggests that the area is desirable and likely to maintain its value, but the low renter share implies that the market may be more suited for those interested in long-term homeownership investments rather than short-term rental yields. The strong median income supports the ability of residents to afford higher-priced homes, making it a stable investment environment for those considering property purchases.

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.