Location: Routt County, CO | Metro: Routt 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 | $2,110 |
| 1 Bedroom | $2,210 |
| 2 Bedrooms | $2,490 |
| 3 Bedrooms | $2,970 |
| 4 Bedrooms | $3,870 |
| 5 Bedrooms | $4,489 |
| 6 Bedrooms | $5,028 |
| 7 Bedrooms | $5,430 |
| 8 Bedrooms | $5,702 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,490 | $668,716 | 0.37% | F |
| 3BR | $2,970 | $950,535 | 0.31% | F |
| 4BR | $3,870 | $1,324,622 | 0.29% | F |
U.S. Census Bureau data (2024)
The ZIP code 80428, located in Clark, CO, is characterized by a relatively small and affluent community. With a total population of 720 residents, it stands out due to its low percentage of renters at only 6.8%, indicating that this area predominantly consists of homeowners. The median household income in this neighborhood is a substantial $120,227, reflecting a high standard of living. Additionally, the median home value is impressively high at $894,834, which underscores the wealth and property values in this region.
Turning to the rental economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $2,130. However, the market rent for ZIP 80428 is not available, suggesting a lack of significant rental activity in the area. This absence of robust rental data aligns with the low percentage of renters and high home values, pointing towards a preference for homeownership among the local populace.
Given these economic conditions, ZIP 80428 is likely unsuitable for hands-off voucher operators. The low rental rate and high-income levels imply a limited demand for subsidized housing through the Section 8 program. Instead, the area may be better suited for hands-on value-add buyers who can leverage the high property values and affluent demographic to create opportunities for luxury rentals or renovations aimed at upscale tenants. Investors looking to capitalize on the strong economic foundation and potential for high-end rental properties should consider engaging actively in the management and enhancement of their assets in this ZIP code.
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.