Section 8 Fair Market Rent (FMR) for ZIP 80294 - 2027

FY 2027 Fair Market Rent Rates

2150 The Fair Market Rent (FMR) for ZIP code 80294 in fiscal year 2024 is set at $2150. This figure represents the maximum amount landlords can charge for a two-bedroom apartment under the Section 8 program. Despite the lack of specific market rent data, the FMR provides a clear benchmark for rental pricing in this area. The absence of a median home value suggests that the housing market in 80294 is either highly variable or lacks sufficient data points to establish a reliable median. Similarly, without a precise percentage for the renter share, it's difficult to gauge the proportion of residents who are likely to be eligible for Section 8 benefits. However, the N/A median income indicates that there isn't enough data to determine an average income level among the residents, which could imply a diverse economic landscape. With no days on market (DOM) data available, it's challenging to assess how quickly properties are typically rented out in this area. Likewise, the lack of a percentage for the price-cut share means we cannot evaluate the frequency of landlords needing to reduce their asking prices to attract tenants. Given these limitations, landlords should closely monitor local rental trends and adjust their expectations accordingly. For those considering Section 8 participation, the $2150 FMR offers a solid starting point for setting rental rates. The verdict on Section 8 in 80294 is cautiously optimistic, contingent upon landlords' willingness to adapt to the program's requirements.

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.