Location: Jackson County, CO | Metro: Jackson County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $1,920 |
| 4 Bedrooms | $2,310 |
| 5 Bedrooms | $2,680 |
| 6 Bedrooms | $3,002 |
| 7 Bedrooms | $3,242 |
| 8 Bedrooms | $3,404 |
U.S. Census Bureau data (2024)
ZIP code 80473, located in Jackson County, CO metro, should be considered a diversifier within a Section 8 portfolio strategy. Despite the high median home value of $325,000, which is significantly above the average for the region, the ZIP code has a substantial renter share of 16.7%. Furthermore, the median income of $35,000 aligns well with the eligibility criteria for Section 8 tenants.
The low diversity index of 27 suggests a relatively homogeneous community, which might not appeal to all investors. However, the ZIP code's unique characteristics make it an ideal candidate for diversification. With a moderate socioeconomic status index of 50.4, the area is neither extremely affluent nor impoverished, providing a balanced investment opportunity.
The housing affordability index is at 0, indicating that the median income is insufficient to afford the median-priced home. This makes it challenging for non-subsidized buyers to enter the market, thereby creating a stable tenant pool for Section 8 properties.
In summary, ZIP 80473 offers a mix of high property values and a significant renter share, making it a valuable addition to a diversified Section 8 portfolio. The area's low affordability and moderate income levels ensure a steady demand for subsidized rental units, which is crucial for maintaining cash flow.
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.