Section 8 Fair Market Rent (FMR) for ZIP 80423 - 2027

Location: Grand County, CO | Metro: Eagle County, CO

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,580
1 Bedroom	$1,710
2 Bedrooms	$2,220
3 Bedrooms	$2,640
4 Bedrooms	$3,400
5 Bedrooms	$3,944
6 Bedrooms	$4,417
7 Bedrooms	$4,770
8 Bedrooms	$5,009

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

65.2%

Renter Occupied

To determine if a landlord should buy in ZIP code 80423 for Section 8 properties, follow this decision tree:

1) Does the Fair Market Rent (FMR) of $1,960 for the metro area in fiscal year 2026 cover the debt service on a property?

If the FMR does not cover the debt service, the answer is No. Do not invest in this ZIP code for Section 8 properties.
If the FMR does cover the debt service, proceed to the next question.

2) Is the market rent above, at, or below the FMR of $1,960?

If the market rent is above the FMR, the answer is It Depends. The landlord needs to evaluate the risk of not being able to fully capitalize on market rents due to the Section 8 voucher cap.
If the market rent is at or below the FMR, the answer is Yes. This scenario aligns well with Section 8 investment criteria since the landlord can charge the full FMR without exceeding the voucher limits.

3) Are there enough renters and days on the market (DOM) to meet demand?

The percentage of renters is 0.0%, which suggests that the population in this ZIP code is predominantly homeowners. This is a No indicator for high demand among potential Section 8 tenants.
The DOM figure is not available, but with such a low percentage of renters, it's unlikely that there would be sufficient demand even if the DOM were favorable.

In summary, ZIP 80423 presents challenges for Section 8 investments due to the lack of renters and the unavailability of key market data such as market rent and DOM. Landlords should consider other ZIP codes with higher rental percentages and clearer market conditions to ensure a better fit for their Section 8 portfolio goals.

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.