Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,200 |
| 1 Bedroom | $2,300 |
| 2 Bedrooms | $2,720 |
| 3 Bedrooms | $3,570 |
| 4 Bedrooms | $3,990 |
| 5 Bedrooms | $4,628 |
| 6 Bedrooms | $5,183 |
| 7 Bedrooms | $5,598 |
| 8 Bedrooms | $5,878 |
U.S. Census Bureau data (2024)
The ZIP code 80290 stands out due to its unique characteristics. With only 474 residents, it has the distinction of being entirely composed of renters, indicating a highly specialized rental market. The median income in this area is reported at $103,428, which is notably high for a ZIP code that does not have any recorded median home values, suggesting that the majority of residents are renters rather than homeowners.
Moving into the specifics of voucher economics, the Fair Market Rent (FMR) for ZIP 80290 in fiscal year 2024 is set at $3300. This figure is significantly higher than the market rent, which is estimated at $2,306 based on Census ACS data. Landlords and small-portfolio investors should take note of this discrepancy, as it means that tenants using vouchers will be able to afford higher rents compared to those paying market rates. This can provide a financial buffer for property owners, especially in areas where market rents are volatile or lower than expected.
The data signature for ZIP 80290 reads as stable. Despite the high median income, the complete reliance on rental housing suggests a steady demand for rental properties. The consistent use of rental vouchers, with a higher FMR than market rent, further supports this stability. For landlords, this indicates a reliable source of tenants who can pay a rate that is above the average market price, thus potentially offering better returns on investment.
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.