Location: Boulder, CO | Metro: Boulder, 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 | $1,620 |
| 1 Bedroom | $1,850 |
| 2 Bedrooms | $2,170 |
| 3 Bedrooms | $2,890 |
| 4 Bedrooms | $3,360 |
| 5 Bedrooms | $3,898 |
| 6 Bedrooms | $4,366 |
| 7 Bedrooms | $4,715 |
| 8 Bedrooms | $4,951 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,850 | $285,946 | 0.65% | D |
| 2BR | $2,170 | $378,933 | 0.57% | F |
| 3BR | $2,890 | $778,894 | 0.37% | F |
| 4BR | $3,360 | $1,083,009 | 0.31% | F |
| 5BR | $3,898 | $1,430,049 | 0.27% | F |
U.S. Census Bureau data (2024)
Boulder, Colorado's ZIP code 80301 stands out as a unique market within Boulder County, characterized by a relatively high median income of $95,207 and a median home value of $718,153. With a population of 25,007, the area has a significant rental component, with 45.1% of residents renting their homes. This blend of high-income earners and substantial rental demand positions ZIP 80301 as an attractive location for landlords and small-portfolio investors.
The economics of Section 8 vouchers in ZIP 80301 are favorable. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $2,280, which is notably higher than the market rent index (ZORI) of $2,126. This means that landlords accepting Section 8 vouchers can potentially receive slightly above-market rents, providing a financial incentive for participation in the program. Additionally, the higher FMR compared to ZORI suggests that there is room for landlords to negotiate rents within the voucher limits without compromising profitability.
Based on the data signature, ZIP 80301 appears to be a stable market. The combination of a strong local economy, supported by a high median income, and a robust rental sector indicates a consistent demand for housing. Moreover, the disparity between the FMR and ZORI suggests that the rental market is well-regulated and unlikely to experience drastic fluctuations. For landlords and investors, this stability translates into predictable cash flows and reduced risk, making ZIP 80301 a reliable investment destination.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.