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 | $1,480 |
| 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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,580 | $288,514 | 0.55% | F |
| 2BR | $1,890 | $412,950 | 0.46% | F |
| 3BR | $2,470 | $570,932 | 0.43% | F |
| 4BR | $2,750 | $688,555 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 80452, located in Idaho Springs, CO, within Clear Creek County, stands out due to its unique demographic and economic characteristics. With a population of 3,135 residents, only 16.7% of whom rent their homes, it indicates a predominantly owner-occupied community. The median income in the area is $75,565, which is relatively high compared to the national average, reflecting a prosperous local economy. The median home value of $488,774 further underscores the affluence of the region, suggesting that homeownership is both desirable and achievable for many residents.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 80452 in fiscal year 2024 is set at $1,680. This figure contrasts with the Census Bureau's American Community Survey (ACS) estimate of the market rent at $1,524. The higher FMR rate means that landlords participating in the Section 8 program can potentially charge more for rent than the current market rate, providing an incentive for property owners to accept vouchers. However, the low percentage of renters in the area might limit the pool of potential tenants using vouchers, making it important for landlords to weigh the benefits against the demand.
Based on the data signature, ZIP 80452 appears to be a stable area with a strong economy and a preference for homeownership among its residents. While the voucher program offers a higher rental rate, the limited number of renters suggests that the demand for subsidized housing may be lower than in more transitional areas. Landlords and small-portfolio investors should consider these factors when deciding whether to participate in the Section 8 program in this ZIP code.
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.