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 |
The market in ZIP 80299, located in Unknown, CO, is characterized by significant rental activity, particularly driven by the Federal Housing Rent (FMR) which stands at $2150 for the fiscal year 2024. Despite this clear indicator, the lack of specific market rent figures suggests a less transparent local rental environment, possibly due to limited data availability or a smaller sample size of reported rents.
The absence of key metrics such as the percentage of properties offered at a price cut, days on market (DOM), and median home value indicates a market that is either nascent or experiencing unique conditions that make these measures less relevant. This could imply a scenario where demand is strong enough to sustain rental prices without significant discounts or extended periods on the market, but it also leaves room for speculation regarding the balance between supply and demand.
ZIP 80299's undefined renter share poses an intriguing challenge for long-term housing pressure analysis. In many markets, a high percentage of renters can signal sustained upward pressure on housing costs, as demand for rental units often translates into increased interest in homeownership. Conversely, a low renter share might indicate a preference for homeownership, potentially leading to a more stable housing market. However, the N/A status here prevents a definitive conclusion on whether there is likely to be long-term housing pressure or stability.
Given the available data, the market in ZIP 80299 appears dynamic, with rental activity being a notable feature. The reliance on FMR as a primary data point underscores the importance of government assistance in maintaining affordability. Landlords and small-portfolio investors should focus on understanding the local context, including factors such as employment trends, population growth, and the availability of alternative housing options, to better navigate this market.
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.