Section 8 Fair Market Rent (FMR) for ZIP 80476 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The ZIP code 80476, located in Jefferson County, Colorado, offers a unique blend of suburban living and access to urban amenities, making it an attractive area for both residents and investors. The housing market here reflects a mix of rental and ownership opportunities, with specific metrics providing insights into the potential returns and challenges faced by landlords and small-portfolio investors.

• The Fair Market Rent (FMR) for ZIP 80476 in fiscal year 2024 is set at $1680, which is significantly higher than the average market rent of $985 reported by the Census Bureau's American Community Survey (ACS).
• The median home value in the area stands at $388,338, indicating a robust homeownership market that could support higher rental values if landlords adjust their pricing strategies accordingly.
• Renters make up 17.7% of the population, suggesting a moderate demand for rental properties. However, the discrepancy between FMR and market rent highlights an opportunity for landlords to potentially increase their rental income.
• The median income in ZIP 80476 is $51,875, which provides a context for the affordability of rents and homes in the area, but also implies that there might be limits to how much tenants can pay.
• Note that the days on market (DOM) for rentals is listed as N/A, which means we lack specific data on how quickly rental units are typically filled in this area.
• Given the higher FMR compared to the actual market rent, investors should consider the potential for increasing rental rates, while being mindful of the local median income levels.

In summary, ZIP 80476 presents a balanced market with opportunities for landlords to enhance their rental yields, particularly given the gap between the FMR and the current market rent. However, the moderate renter share and median income levels suggest that pricing must be carefully managed to remain competitive and attractive to tenants. The lack of DOM data makes it challenging to assess the speed at which properties can be leased, but the overall economic indicators point towards a stable and potentially profitable investment environment.

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.