Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, CO MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,160 |
| 1 Bedroom | $2,250 |
| 2 Bedrooms | $2,670 |
| 3 Bedrooms | $3,500 |
| 4 Bedrooms | $3,920 |
| 5 Bedrooms | $4,547 |
| 6 Bedrooms | $5,093 |
| 7 Bedrooms | $5,500 |
| 8 Bedrooms | $5,775 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,250 | $400,045 | 0.56% | F |
| 2BR | $2,670 | $585,116 | 0.46% | F |
| 3BR | $3,500 | $794,307 | 0.44% | F |
| 4BR | $3,920 | $980,154 | 0.4% | F |
| 5BR | $4,547 | $1,274,816 | 0.36% | F |
U.S. Census Bureau data (2024)
The ZIP code 80211 in Denver, CO stands out due to its unique demographic and economic characteristics. With a population of 38,177 residents, it has a significant rental market where 52.8% of the inhabitants rent their homes. The median income for this area is $121,439, reflecting a relatively affluent community. However, the median home value is notably lower at $706,434, indicating that this ZIP code might offer better affordability compared to other parts of Denver.
From a Section 8 perspective, the Fair Market Rent (FMR) for ZIP 80211 in fiscal year 2024 is set at $2,360. This is higher than the market rate, which is currently at $2,120 according to ZORI. Landlords in this area can benefit from the difference between these two figures, as the higher FMR means they can potentially charge more for their properties under the Section 8 program without sacrificing occupancy rates.
The data suggests that ZIP 80211 is stable rather than transitional. The high percentage of renters and the favorable gap between FMR and market rates indicate a consistent demand for rental properties. Additionally, the median income being above the national average supports the idea that this area is economically stable, capable of sustaining both rental and homeownership markets. For small-portfolio investors and landlords, this stability presents an opportunity for reliable returns on investment through Section 8 participation.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
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.