Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,810 |
| 1 Bedroom | $1,920 |
| 2 Bedrooms | $2,330 |
| 3 Bedrooms | $2,980 |
| 4 Bedrooms | $3,350 |
| 5 Bedrooms | $3,886 |
| 6 Bedrooms | $4,352 |
| 7 Bedrooms | $4,700 |
| 8 Bedrooms | $4,935 |
ZIP code 80448, located within the Denver-Aurora-Centennial, CO MSA, exhibits characteristics that position it as a mid-tier neighborhood relative to other ZIP codes in the metro area. The Fair Market Rent (FMR) for 80448 is set at $1760 for fiscal year 2024, which is a key figure for landlords and investors interested in Section 8 housing opportunities. This FMR is reflective of rental costs that are neither exceptionally low nor high compared to the broader Denver metropolitan area.
The median home value in 80448 stands at $571,332, indicating that homes in this ZIP code are priced above average for the region. While there isn't specific data on market rents or the percentage of renters in this ZIP code, we can infer from the available figures that 80448 is not a value pocket where property values are lower and rental demand is higher due to Section 8 subsidies. Instead, it suggests a middle-ground scenario where property values are relatively high but still accessible through the FMR benchmark.
A notable absence in the data is the percentage of renters in 80448. Typically, a high renter share combined with below-average home values can signal a favorable environment for Section 8 properties. However, since the home value is above average and the renter share is unknown, we cannot definitively categorize 80448 as a premium sub-market or a value pocket without additional information. The lack of specific market rent data also means that direct comparisons to other ZIP codes within the metro area are limited.
In conclusion, based on the FMR and median home value, 80448 appears to be a mid-tier neighborhood within the Denver-Aurora-Centennial, CO MSA. It offers a balance between rental cost standards and property values, making it an area of interest for landlords and investors looking for moderate investment opportunities. To better understand its dynamics, further investigation into local rental trends and tenant demographics would be beneficial.
Data Sources: FMR data from HUD (2027).
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.