Section 8 Fair Market Rent (FMR) for ZIP 80163 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 80163, located in Colorado, offers a unique opportunity for real estate investors interested in the rental market. This area is characterized by its moderate housing costs and a significant presence of renters, making it a viable option for those looking to invest in Section 8 properties.

• Fair Market Rent (FMR): The Fair Market Rent for ZIP 80163 in fiscal year 2024 is set at $2640, indicating the maximum amount that can be charged for a Section 8 voucher in the area.
• Market Rent: Data on market rent for ZIP 80163 is currently unavailable, but the FMR provides a benchmark for pricing rental units.
• Median Home Value: Information on the median home value for ZIP 80163 is not available, which suggests a lack of comprehensive data on homeownership in the region.
• Renter Share: The percentage of residents who are renters is not specified, but the focus on Section 8 vouchers implies a notable portion of the population relies on subsidized housing.
• Days on Market (DOM): The average number of days it takes for a property to sell is not available, which could indicate either a robust market or a lack of recent sales activity.
• Median Income: The median income for the area is not specified, though this figure is crucial for understanding the economic profile of potential tenants.

Investors considering the ZIP 80163 market should focus on the Fair Market Rent as a key indicator for pricing their rental units. Despite the lack of detailed market data such as median home values and renter percentages, the reliance on Section 8 vouchers signals a demand for affordable housing. This demand can be leveraged by ensuring compliance with HUD standards and maintaining competitive rents within the subsidy limits. The unknown Days on Market and median income metrics highlight the need for thorough local research to make informed investment decisions.

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.