Section 8 Fair Market Rent (FMR) for ZIP 80220 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 80220

• Housing Authority of the City and County of Denver (Denver, CO) - 8,090 Section 8 vouchers
• Colorado Division of Housing (Denver, CO) - 7,961 Section 8 vouchers
• Aurora Housing Authority (Aurora, CO) - 1,847 Section 8 vouchers
• Adams County Housing Authority (Westminster, CO) - 1,600 Section 8 vouchers
• Littleton Housing Authority (Littleton, CO) - 624 Section 8 vouchers
• Englewood Housing Authority (Englewood, CO) - 437 Section 8 vouchers
• Housing Authority of the City of Brighton (Brighton, CO) - 255 Section 8 vouchers
• Sheridan Housing Authority (Englewood, CO) - 181 Section 8 vouchers
• Colorado Housing Finance Authority (Denver, CO) - 87 Section 8 vouchers

A skeptical investor might raise several concerns about investing in ZIP code 80220 in Denver, CO. Let's address each of these points based on available data.

• Will FMR $2010 (zip FY 2024) cover the mortgage on a $656,185 home? The Fair Market Rent (FMR) for ZIP 80220 in Denver, CO, is set at $2,010 for FY 2024. However, this figure represents the 40th percentile rent for a two-bedroom unit and does not directly correlate with mortgage payments for a $656,185 home. To accurately determine if this will cover the mortgage, one must consider the interest rate and loan terms. With typical interest rates and a standard 30-year fixed mortgage, the monthly payment would likely exceed the FMR amount. Therefore, relying solely on FMR to cover the mortgage may not be sufficient.
• Is there enough renter demand at 43.1%? The rental market in ZIP 80220 is robust, with 43.1% of households being renters. Given that the total number of households is 16,489, this translates to approximately 7,123 rental units. The average household income of $106,054 suggests a strong financial base for potential renters. While 43.1% is a significant portion, it may still leave room for competition among landlords. Nonetheless, the high median home value of $805,400 indicates that many individuals may find purchasing a home out of reach, thus supporting continued rental demand.
• Will vouchers keep pace with $1,734 market rents? The FMR of $2,010 is higher than the market rent of $1,734, suggesting that vouchers could potentially cover a significant portion of market rents. However, the actual distribution and sufficiency of vouchers depend on local policies and funding. Investors should monitor these factors closely to ensure that voucher recipients can afford to live in their properties without financial strain.

The data paints a picture of a stable and potentially lucrative rental market in ZIP 80220. Despite the challenges posed by the high cost of homeownership and the need for careful consideration of mortgage coverage, the strong income levels and substantial rental demand indicate a favorable environment for investment. Vouchers also appear to be a viable support mechanism, although ongoing monitoring is advised.

Data Sources: FMR data from HUD (2027). 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.