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 | $1,690 |
| 1 Bedroom | $1,770 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,370 |
| 4 Bedrooms | $3,090 |
| 5 Bedrooms | $3,584 |
| 6 Bedrooms | $4,014 |
| 7 Bedrooms | $4,335 |
| 8 Bedrooms | $4,552 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,770 | $362,570 | 0.49% | F |
| 2BR | $1,990 | $447,724 | 0.44% | F |
| 3BR | $2,370 | $697,542 | 0.34% | F |
| 4BR | $3,090 | $1,104,884 | 0.28% | F |
| 5BR | $3,584 | $1,628,976 | 0.22% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 80467, Oak Creek, CO, is set at $1,710 for the fiscal year 2026. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) under the Section 8 program. It is important to note that this is not the amount you will receive as rent directly from your tenant; rather, it is the maximum amount HUD will pay on behalf of eligible tenants.
In comparison, the average rent in the area is currently $1,669, according to the latest Census American Community Survey (ACS) data. This indicates that the FMR is slightly above the local average, which could be advantageous for landlords participating in the Section 8 program.
The renter share in ZIP 80467 is 15.9%, suggesting there is a moderate demand for rental properties. With an estimated acquisition cost of approximately $664,941 for a property in this area, it's crucial to understand the financial implications of entering the Section 8 market.
Before deciding to take on a Section 8 rental, verify that your property meets all the necessary quality standards as defined by HUD. These standards ensure that the living conditions are safe and habitable, and failing to meet them can result in penalties or loss of eligibility for the program.
To summarize, while the FMR of $1,710 is higher than the local average rent of $1,669, the demand for rental units is moderate with a renter share of 15.9%. The potential acquisition cost of around $664,941 should be considered when evaluating the overall profitability of a Section 8 rental in ZIP 80467. Ensure your property complies with HUD's quality standards to avoid any issues and to maximize the benefits of participating in the program.
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.