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 | $2,480 |
| 1 Bedroom | $2,590 |
| 2 Bedrooms | $3,070 |
| 3 Bedrooms | $4,030 |
| 4 Bedrooms | $4,500 |
| 5 Bedrooms | $5,220 |
| 6 Bedrooms | $5,846 |
| 7 Bedrooms | $6,314 |
| 8 Bedrooms | $6,630 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,070 | $542,487 | 0.57% | F |
| 3BR | $4,030 | $606,373 | 0.66% | D |
| 4BR | $4,500 | $720,779 | 0.62% | D |
| 5BR | $5,220 | $843,888 | 0.62% | D |
U.S. Census Bureau data (2024)
Douglas County's ZIP code 80130, known as Highlands Ranch, stands out among other areas due to its robust demographic and economic profile. With a population of 24,719 residents, it has a relatively low rental rate of 21.3%, indicating that homeownership is prevalent. The median income in Highlands Ranch is strong at $158,741, which supports a high median home value of $693,100.
The voucher economics in Highlands Ranch are favorable for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $3,250, which is notably higher than the local market rent, measured by the Zillow Observed Rental Index (ZORI), at $2,625. This discrepancy means that landlords can potentially receive higher rents through Section 8 vouchers compared to the typical market rates, providing an attractive incentive to participate in the program.
The data signature for Highlands Ranch suggests a stable environment. The high median income and home values indicate a financially secure community, while the low rental rate implies a preference for homeownership. These factors contribute to a steady housing market, making it less likely for sudden shifts in demand or supply. For landlords and investors, this stability translates into predictable returns and fewer risks associated with tenant turnover or property value fluctuations.
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.