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 | $1,860 |
| 1 Bedroom | $1,950 |
| 2 Bedrooms | $2,310 |
| 3 Bedrooms | $3,030 |
| 4 Bedrooms | $3,390 |
| 5 Bedrooms | $3,932 |
| 6 Bedrooms | $4,404 |
| 7 Bedrooms | $4,756 |
| 8 Bedrooms | $4,994 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,950 | $318,851 | 0.61% | D |
| 2BR | $2,310 | $488,333 | 0.47% | F |
| 3BR | $3,030 | $677,947 | 0.45% | F |
| 4BR | $3,390 | $883,881 | 0.38% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 80470 in Pine, Colorado, for fiscal year 2024 is set at $1820. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It is important to note that this is not the actual rent you will receive; it is the payment standard used by the housing authority to determine the subsidy amount.
In comparison, the average rent in Pine, CO, based on Census American Community Survey (ACS) data, is $2,238. This suggests that the local market rent is higher than the FMR, which means that landlords participating in the Section 8 program will have to accept a lower rent than what the market typically offers. However, the stability and reliability of Section 8 payments can offset the difference in rent.
The 5.5% renter share indicates that out of every $100 in rent, the tenant will contribute $5.50, while the rest is covered by the government subsidy. For a unit priced at the FMR of $1820, the tenant would pay approximately $99.10 per month, and the housing authority would cover the remaining $1720.90. This makes it feasible for low-income tenants to afford housing in the area.
When considering the acquisition cost of a property in ZIP 80470, the median home value is around $671,088. This is a significant investment, but it can be worthwhile if you are looking to stabilize your income with a long-term, reliable tenant through the Section 8 program. The key here is understanding that the property's value does not directly impact the rent you can charge under Section 8; it is the FMR that sets this limit.
Before making the decision to enter into a Section 8 rental agreement, verify that the housing authority in your area has sufficient funding to cover the subsidies. This ensures that you will receive timely payments and avoid potential delays or shortfalls. Additionally, check the eligibility requirements for landlords to ensure compliance and a smooth process.
In summary, the FMR of $1820 for ZIP 80470 is a critical figure for landlords interested in Section 8 rentals. While it is lower than the local average rent of $2,238, it provides a predictable income stream for a property costing around $671,008. Ensure you have confirmed the financial stability of the housing authority to proceed confidently.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.