Location: Boulder, CO | Metro: Boulder, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,520 |
| 1 Bedroom | $1,730 |
| 2 Bedrooms | $2,030 |
| 3 Bedrooms | $2,700 |
| 4 Bedrooms | $3,140 |
| 5 Bedrooms | $3,642 |
| 6 Bedrooms | $4,079 |
| 7 Bedrooms | $4,405 |
| 8 Bedrooms | $4,625 |
The ZIP code 80309, located in Boulder, CO, within the Boulder, CO MSA, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $2220, which is significantly below the average market rent in the area. According to recent data, the average rental price in ZIP 80309 is $3,900, indicating a substantial gap between the FMR and market rents.
This gap suggests that properties in ZIP 80309 can provide steady, predictable cash flow when leased under Section 8 contracts. Landlords and small-portfolio investors can rely on this consistent income stream, which is particularly valuable in volatile markets. Despite the high cost of living in Boulder, the Section 8 subsidy ensures that tenants can afford their rent, reducing the risk of vacancy or unpaid rent.
Boulder's robust economy and high median income levels support the stability of the rental market. However, the specific median income figure for ZIP 80309 was not available in the provided data. The lack of median home value data further underscores the importance of focusing on rental income rather than property appreciation in this area.
In summary, ZIP 80309 serves as a reliable cash-flow anchor within a Section 8 portfolio due to the significant spread between the FMR and market rents, ensuring a steady income for landlords and investors.
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.