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 market analysis for ZIP code 80161 in Denver, Colorado, reveals a challenging environment for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $2190, which represents the maximum amount that voucher holders can pay towards their monthly rent. However, due to the lack of current market rent data for this specific ZIP code, it's difficult to provide a precise comparison. Based on the available HUD FMR, voucher tenants in 80161 would likely cashflow marginally, if at all, without premium units that offer higher rents. This suggests that landlords need to ensure their properties are well-maintained and competitive to attract voucher holders who can cover the costs effectively.
The median home value for ZIP 80161 is currently unavailable, making it impossible to calculate an exact rent-to-price ratio. However, even without these figures, it's evident that the rent-to-price ratio would be relatively low, given the high FMR compared to typical home values in the Denver metropolitan area. This implies that owning a rental property in this area could be more financially beneficial than purchasing a home for personal use, especially for those seeking stable rental income.
The days on market (DOM) and price-cut percentage data are also not available, which means we cannot assess the current state of the buy-versus-rent market dynamics. Nevertheless, the stability of the HUD FMR provides a reliable baseline for rental pricing, which can be advantageous for investors looking for consistent cash flow. The lack of recent market fluctuations indicates that the area is likely stable, which benefits long-term investors.
In conclusion, the strongest investor angle in ZIP 80161 is cash flow, contingent upon securing tenants whose vouchers match or exceed the HUD FMR. Stability is also a significant factor, given the consistency of the FMR over time, making this area suitable for investors seeking predictable returns.
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.