Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,880 |
| 1 Bedroom | $1,960 |
| 2 Bedrooms | $2,330 |
| 3 Bedrooms | $3,050 |
| 4 Bedrooms | $3,410 |
| 5 Bedrooms | $3,956 |
| 6 Bedrooms | $4,431 |
| 7 Bedrooms | $4,785 |
| 8 Bedrooms | $5,024 |
U.S. Census Bureau data (2024)
2310 The Fair Market Rent (FMR) for ZIP code 80453 for fiscal year 2024 is set at $2310. This figure represents the maximum amount landlords can charge for a Section 8 rental agreement in the area. 588,239 With a median home value of $588,239, the housing market in this region is significantly above the national average, indicating a strong real estate investment potential. 19.7 However, only 19.7% of the population are renters, suggesting that the demand for rental properties might be lower compared to other areas. Despite this, the high median home value could still translate into higher rental incomes for those willing to invest. 2310 Given the FMR, landlords should ensure their properties meet the quality standards required by the program to attract tenants. 588,239 Additionally, the median home value suggests that there is a robust local economy, which could support steady rental income over time. 2310 It's important for landlords to note that while the FMR caps the rent, it also provides a guaranteed source of income through the Housing Choice Voucher program.
2310 In conclusion, for landlords and small-portfolio investors in ZIP code 80453, the Section 8 program offers a stable income stream with a maximum allowable rent of $2310, making it a viable option despite the relatively low renter share.
Data Sources: FMR data from HUD (2027). 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.