Section 8 Fair Market Rent (FMR) for ZIP 80150 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 80150, located in Colorado, is a residential area that offers potential for real estate investment, particularly in rental properties. The area is characterized by its mix of suburban and rural features, providing a unique setting for both homeowners and renters.

• Fair Market Rent (FMR) for ZIP 80150 in fiscal year 2024 is set at $2190. This figure represents the average monthly rent for a two-bedroom apartment, which serves as a benchmark for rental pricing in the area.
• The market rent for ZIP 80150 is currently unavailable. Without specific market rent data, it's important to rely on the FMR as a guideline for setting competitive rental rates.
• The median home value for ZIP 80150 is also not available. This lack of data makes it difficult to assess the overall housing market value, but the FMR can still provide insights into rental trends.
• The percentage of residents who are renters in ZIP 80150 is not available. Understanding the tenant population is crucial for assessing demand for rental properties, but without this statistic, we must look at other indicators such as FMR.
• The Days on Market (DOM) for ZIP 80150 is not available. This metric would typically help investors gauge how quickly properties are selling or renting, but its absence means we need to consider alternative measures of market activity.
• The median household income for ZIP 80150 is not available. Income levels play a significant role in determining the ability of tenants to pay rent, and while this data is missing, the FMR can still be used to estimate affordability.

Despite the limited availability of key metrics such as median home value, renter share, DOM, and median income, the Fair Market Rent (FMR) of $2190 for a two-bedroom apartment provides a solid foundation for setting rental prices. Investors should use this figure as a starting point, understanding that without comprehensive market data, they must rely on regional benchmarks and local knowledge to navigate the rental market effectively. The absence of specific market rent data suggests that the area might be less tracked or analyzed compared to larger urban centers, potentially offering opportunities for those willing to conduct thorough local research. In summary, while there are gaps in the data, the FMR indicates a stable rental environment, and investors should focus on building relationships with local realtors and property managers to stay informed about market conditions and tenant demand.

Data Sources: FMR data from HUD (2027).

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.