Location: Summit County, CO | Metro: Summit County, CO
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 | $2,100 |
| 1 Bedroom | $2,310 |
| 2 Bedrooms | $3,020 |
| 3 Bedrooms | $3,600 |
| 4 Bedrooms | $4,090 |
| 5 Bedrooms | $4,744 |
| 6 Bedrooms | $5,313 |
| 7 Bedrooms | $5,738 |
| 8 Bedrooms | $6,025 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,310 | $602,970 | 0.38% | F |
| 2BR | $3,020 | $957,775 | 0.32% | F |
| 3BR | $3,600 | $1,405,472 | 0.26% | F |
| 4BR | $4,090 | $2,254,405 | 0.18% | F |
| 5BR | $4,744 | $3,791,780 | 0.13% | F |
U.S. Census Bureau data (2024)
The market in ZIP 80424, Breckenridge, Colorado, reveals a dynamic equilibrium between supply and demand. With a Fair Market Rent (FMR) of $2,810 for the fiscal year 2026 and a market rent (ZORI) of $3,107, it's evident that the rental market is slightly above fair market values, indicating a robust demand for rentals. The low price-cut share of 0.2% suggests that homes are selling at or near their asking prices, which is a strong indicator that demand is keeping up with supply. A Days on Market (DOM) of 84 days further supports this, as it is relatively short, implying that properties are not lingering unsold.
The median home value in Breckenridge stands at $1,191,322, reflecting the high-end nature of the real estate market. This figure is likely influenced by the area's popularity as a tourist destination, which can drive up property values due to investment and second-home purchases. However, the 21.9% renter share provides insight into the long-term housing pressures. A significant portion of residents opting to rent rather than buy suggests that there is an ongoing need for rental properties, which can be attributed to the transient nature of the population, including seasonal workers and tourists.
The snapshot of the market shows that while there is a slight premium in rental rates, the overall health of the real estate market is positive, with homes selling quickly and without substantial price adjustments. This balance points towards a market where demand is steady and slightly outpaces supply, particularly in the rental sector. Landlords and small-portfolio investors should take note of these trends, as they suggest a stable and potentially growing rental market in Breckenridge.
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.