Location: Routt County, CO | Metro: Routt County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,650 |
| 1 Bedroom | $1,730 |
| 2 Bedrooms | $1,950 |
| 3 Bedrooms | $2,330 |
| 4 Bedrooms | $3,030 |
| 5 Bedrooms | $3,515 |
| 6 Bedrooms | $3,937 |
| 7 Bedrooms | $4,252 |
| 8 Bedrooms | $4,465 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 80469, located in Routt County, CO metro, reveals a complex landscape that requires careful consideration for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area stands at $1,710 for fiscal year 2026, which is the benchmark for voucher tenants' rental payments. However, due to the lack of current market rent data, it's challenging to directly compare the HUD FMR against local rental rates. This absence suggests either limited data availability or a unique market situation where the HUD FMR might be significantly different from what landlords can charge.
To derive the rent-to-price ratio, we use the median home value of $435,188. Assuming a typical mortgage payment based on the FMR, the ratio indicates that renting properties at the HUD rate would not yield substantial cash flow. Voucher tenants would likely only break even or marginally cashflow at the FMR, especially considering property management costs, maintenance, and other expenses. Premium units or those with higher rents could potentially offer better cash flow, but this depends on the local rental market's willingness to pay above the FMR.
The median Days on Market (DOM) and percentage of price cuts are not available, which typically would provide insights into the balance between buying and renting. In their absence, the focus should remain on the stability and predictability of income provided by Section 8 vouchers, given the consistent HUD funding. Stability is a strong angle for investors in ZIP 80469, offering reliable long-term income without the volatility often seen in fluctuating rental markets.
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.