Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,740 |
| 1 Bedroom | $1,820 |
| 2 Bedrooms | $2,160 |
| 3 Bedrooms | $2,830 |
| 4 Bedrooms | $3,170 |
| 5 Bedrooms | $3,677 |
| 6 Bedrooms | $4,118 |
| 7 Bedrooms | $4,447 |
| 8 Bedrooms | $4,669 |
The Section 8 housing market in ZIP code 80151, located within the Denver-Aurora-Centennial, CO MSA, is defined by the HUD Fair Market Rent (FMR) of $2190 for fiscal year 2024. This figure represents the maximum amount that voucher holders can pay toward their monthly rent, which is set by the U.S. Department of Housing and Urban Development to ensure affordability and accessibility.
However, without specific data on the current market rents for ZIP 80151, it's challenging to provide a precise comparison. Typically, landlords would compare this FMR to the average market rent to determine if voucher tenants will generate positive cash flow, marginal cash flow, or require premium units to break even. Given the lack of market rent data, we cannot definitively state the cash flow scenario for voucher tenants in this area.
The median home value in ZIP 80151 is also not available, making it difficult to calculate a rent-to-price ratio. This ratio is crucial for understanding the relative cost of renting versus buying in an area. It would help investors gauge whether it's more financially beneficial to hold rental properties or sell them to capitalize on home value appreciation.
Similarly, without the number of days on market (DOM) and the percentage of homes that required price cuts, it's hard to assess how the buy-versus-rent dynamic affects the local real estate market. These metrics can indicate the health and competition levels within the market, influencing investment decisions.
In summary, while the HUD FMR provides a benchmark for affordability, the absence of current market rent and home value data prevents a thorough analysis of cash flow potential and rent-to-price ratios. The strongest angle for investors in ZIP 80151 appears to be stability, given the reliance on government-supported housing vouchers which offer consistent income streams despite the lack of detailed financial metrics.
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.