Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, 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 | $1,500 |
| 1 Bedroom | $1,580 |
| 2 Bedrooms | $1,890 |
| 3 Bedrooms | $2,470 |
| 4 Bedrooms | $2,750 |
| 5 Bedrooms | $3,190 |
| 6 Bedrooms | $3,573 |
| 7 Bedrooms | $3,859 |
| 8 Bedrooms | $4,052 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,890 | $395,805 | 0.48% | F |
| 3BR | $2,470 | $478,136 | 0.52% | F |
U.S. Census Bureau data (2024)
The ZIP code 80427 in Gilpin County, Colorado, stands out due to its unique demographic and economic characteristics. With a population of just 567 residents, it has a relatively high rental rate at 38.8%, indicating that nearly two-fifths of the homes are rented. The median income here is $62,264, which is slightly below the national average, but the median home value is notably higher at $424,559. This suggests that while incomes are modest, property values reflect a desirable living environment.
Turning to the economics of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 80427 in fiscal year 2024 is set at $1,930. In contrast, the market rent based on Census American Community Survey (ACS) data is $1,482. This gap between FMR and market rates means that landlords accepting Section 8 vouchers in this area can expect to receive a higher rental payment than the typical market rate, providing an incentive to participate in the program.
The data signature for ZIP 80427 reads as stable. Despite the modest median income, the high rental rate and significant difference between FMR and market rent suggest a consistent demand for affordable housing. Landlords and small-portfolio investors should find the area attractive due to the financial benefits of participating in the Section 8 program, with strong potential for steady returns without the risk of rapid market fluctuations.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.