Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,220 |
| 1 Bedroom | $2,320 |
| 2 Bedrooms | $2,750 |
| 3 Bedrooms | $3,610 |
| 4 Bedrooms | $4,030 |
| 5 Bedrooms | $4,675 |
| 6 Bedrooms | $5,236 |
| 7 Bedrooms | $5,655 |
| 8 Bedrooms | $5,938 |
U.S. Census Bureau data (2024)
The market in ZIP 80131 presents a dynamic environment for landlords and small-portfolio investors. With a Fair Market Rent (FMR) of $2110 for fiscal year 2024, it's evident that rental pricing is set to reflect a balance between affordability and profitability. Although the specific market rent is currently unavailable, the FMR serves as a reliable benchmark for rental rates in the area.
The median home value of $534,921 indicates a robust real estate market, suggesting that homeownership is a significant factor in the local economy. This high median home value could imply a relatively stable housing market, but without additional data on recent trends, it's challenging to determine if supply is outpacing demand or vice versa.
A key indicator of long-term housing pressure is the 13.7% renter share. This figure suggests that while the majority of residents own their homes, there remains a notable segment of the population relying on rental properties. The presence of a substantial homeowner base might limit the immediate demand for rentals, but the consistent renter share points to an ongoing need for affordable housing options. Landlords can capitalize on this by ensuring their properties meet the needs of renters, thereby maintaining occupancy levels.
The absence of data regarding the percentage of price-cut share and days on market (DOM) prevents a detailed analysis of short-term market fluctuations. However, the FMR and median home value provide a solid foundation for understanding the current state of the rental and homeownership markets. For investors, this means focusing on the quality and location of properties, as these factors will likely have a greater impact on tenant satisfaction and property value appreciation.
In summary, ZIP 80131 offers a stable market for real estate investments, particularly in rental properties. The high median home value and the consistent renter share indicate a balanced demand for both ownership and rental opportunities. Landlords should aim to provide competitive rents close to the FMR and ensure their properties are well-maintained to attract and retain tenants in this evolving market.
Data Sources: FMR data from HUD (2027). 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.