Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,740 |
| 1 Bedroom | $1,820 |
| 2 Bedrooms | $2,150 |
| 3 Bedrooms | $2,820 |
| 4 Bedrooms | $3,150 |
| 5 Bedrooms | $3,654 |
| 6 Bedrooms | $4,092 |
| 7 Bedrooms | $4,419 |
| 8 Bedrooms | $4,640 |
ZIP code 80264 is positioned within the Denver-Aurora-Centennial, CO MSA metro area. The Fair Market Rent (FMR) for this ZIP code is set at $2150 for fiscal year 2024. This figure is key for understanding how rental properties in 80264 align with federal housing assistance programs like Section 8.
Comparatively, typical ZIP codes within the Denver-Aurora-Centennial, CO MSA have a broader range of market rents and home values. However, the lack of specific market rent and home value data for ZIP 80264 makes it difficult to place it precisely on the spectrum between being a value pocket, a mid-tier neighborhood, or a premium sub-market. Nonetheless, the FMR of $2150 suggests that 80264 is likely to be a mid-tier neighborhood, given that it aligns reasonably well with the average rental costs in the region.
The absence of data regarding the renter share percentage for 80264 means we cannot definitively conclude if there's a high concentration of renters, which could indicate a sweet spot for Section 8 investors. However, the availability of an FMR without corresponding market rent and home value data implies that 80264 might be slightly less desirable or less developed compared to other areas within the Denver-Aurora-Centennial, CO MSA. This could make it a value pocket for those willing to invest in potentially underdeveloped areas.
To make a more precise determination, additional data such as median home values and renter share percentages would be necessary. These metrics would provide a clearer picture of the economic dynamics and investment potential within 80264 relative to other ZIP codes in the Denver-Aurora-Centennial, CO MSA.
In summary, based on the available FMR of $2150, ZIP 80264 appears to be a mid-tier neighborhood within the Denver-Aurora-Centennial, CO MSA. However, the lack of complete market data leaves room for speculation about its true position and investment appeal. Landlords and small-portfolio investors should consider further research into local market conditions before making decisions about property investments in this area.
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.