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 | $1,950 |
| 1 Bedroom | $2,030 |
| 2 Bedrooms | $2,410 |
| 3 Bedrooms | $3,160 |
| 4 Bedrooms | $3,540 |
| 5 Bedrooms | $4,106 |
| 6 Bedrooms | $4,599 |
| 7 Bedrooms | $4,967 |
| 8 Bedrooms | $5,215 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,030 | $173,627 | 1.17% | B |
| 2BR | $2,410 | $269,044 | 0.9% | C |
| 3BR | $3,160 | $534,882 | 0.59% | F |
| 4BR | $3,540 | $727,629 | 0.49% | F |
| 5BR | $4,106 | $860,157 | 0.48% | F |
U.S. Census Bureau data (2024)
The ZIP code 80237 in Denver, CO stands out due to its unique demographic and economic characteristics. With a total population of 23,384, this area has a significant rental market, with 56.2% of residents renting their homes. The median household income in 80237 is $85,705, which is relatively high compared to the national average. However, the median home value of $500,016 suggests that homeownership is less common here, possibly due to the high cost of housing.
For landlords and small-portfolio investors, the most pertinent information lies in the voucher economics. The Fair Market Rent (FMR) for ZIP 80237 for fiscal year 2024 is set at $2,430, while the actual market rent, measured by ZORI (Zillow Observed Rent Index), is significantly lower at $1,780. This disparity means that landlords participating in the Section 8 program can expect higher rents compared to the general market, making it an attractive option for those looking to maximize their returns on investment.
The data signature for ZIP 80237 indicates a stable environment. Despite the high median home value, the rental market remains robust, and the income levels suggest that tenants are capable of meeting their rent obligations. The consistent gap between FMR and market rent also points towards a steady demand for affordable housing options, ensuring that Section 8 properties will continue to be sought after by potential tenants.
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.