Location: Denver-Aurora-Centennial, CO | Metro: Boulder, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,540 |
| 1 Bedroom | $1,620 |
| 2 Bedrooms | $1,920 |
| 3 Bedrooms | $2,540 |
| 4 Bedrooms | $2,920 |
| 5 Bedrooms | $3,387 |
| 6 Bedrooms | $3,793 |
| 7 Bedrooms | $4,096 |
| 8 Bedrooms | $4,301 |
U.S. Census Bureau data (2024)
ZIP code 80422, located within the Denver-Aurora-Centennial, CO MSA, presents a unique profile compared to the broader metropolitan area. The Fair Market Rent (FMR) for 80422 in fiscal year 2024 is set at $1780, which is slightly above the market rent of $1,719. This indicates that properties in 80422 may be somewhat overpriced relative to what the market naturally supports, but not excessively so.
The median home value in 80422 stands at $564,480. While this figure is substantial, it is important to consider the overall context of the Denver-Aurora-Centennial, CO MSA where home values can vary widely. Given the relatively high median home value, 80422 leans towards being a premium sub-market within the larger metro area.
The renter share of 9.7% in 80422 is notably lower than the typical renter share found in many other ZIP codes within the Denver-Aurora-Centennial, CO MSA. A lower renter share suggests a higher proportion of owner-occupied homes, which can indicate stability and potentially less demand for rental properties. However, the slightly elevated FMR relative to market rent could imply a niche market for rental properties that cater to low-income tenants, particularly those eligible for Section 8 assistance.
When comparing 80422's characteristics to the average ZIP code within the Denver-Aurora-Centennial, CO MSA, it is evident that this area is neither a value pocket nor a mid-tier neighborhood. Instead, it is positioned as a premium sub-market due to its higher median home value. The divergence between the FMR and market rent, along with the lower renter share, does not strongly suggest a Section 8 sweet spot; however, the slight premium on FMR could still attract some interest from landlords looking to participate in the Section 8 program.
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.