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 ZIP code 80160, located within the Denver-Aurora-Centennial, CO MSA, has a Fair Market Rent (FMR) of $2,190 for fiscal year 2024. This figure is higher than the typical FMR for the Denver-Aurora-Centennial MSA, which stands at approximately $1,754 for a 1-bedroom unit. Given that the FMR for ZIP 80160 is notably above the MSA average, it suggests that this area could be considered a premium sub-market within the larger metro.
However, the lack of data on market rent and home values for ZIP 80160 makes it difficult to provide a comprehensive comparison to the rest of the Denver-Aurora-Centennial MSA. The median property value for the entire MSA was $603,800 in 2024, indicating a robust housing market. Without specific figures for ZIP 80160, we cannot definitively conclude if it is overvalued or undervalued compared to the MSA average.
The absence of a reported renter share percentage for ZIP 80160 also complicates the analysis. A high renter share combined with lower-than-average home values often indicates a favorable area for Section 8 investments, but since we do not have this information, such an inference cannot be made here.
In summary, ZIP 80160 appears to be a premium sub-market due to its higher FMR. To accurately assess whether it represents a value pocket or a mid-tier neighborhood within the Denver-Aurora-Centennial MSA, additional data on market rents and home values would be necessary.
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.