Location: Routt County, CO | Metro: Routt County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,020 |
| 1 Bedroom | $2,120 |
| 2 Bedrooms | $2,380 |
| 3 Bedrooms | $2,840 |
| 4 Bedrooms | $3,700 |
| 5 Bedrooms | $4,292 |
| 6 Bedrooms | $4,807 |
| 7 Bedrooms | $5,192 |
| 8 Bedrooms | $5,452 |
The Fair Market Rent (FMR) for ZIP code 80477 in metro FY 2026 is set at $2,020. This figure represents the payment standard used by the Section 8 program, which is not the amount you will charge tenants as rent but rather the maximum amount the government will pay on behalf of eligible tenants. The actual rent you charge can be higher, but it must still be reasonable and comparable to other rents in the area.
In ZIP 80477, the local median rent is currently listed as N/A. This makes direct comparison challenging, but it's important to understand that the Section 8 payment standard ($2,020) serves as a guideline for what the government considers a fair rent in the area. If the local median rent were known, it would give a clearer picture of whether your property's rent is competitive and reasonable.
The percentage of renters who could potentially benefit from the Section 8 program in ZIP 80477 is also listed as N/A%. However, even without this exact number, it's useful to know that there is likely a significant demand for affordable housing options. Landlords participating in the Section 8 program can attract a steady stream of tenants who are committed to paying their portion of the rent on time, thanks to the government subsidy.
Regarding the acquisition cost of properties in this ZIP code, the average price is currently N/A. This lack of specific data makes it difficult to assess the typical investment required to enter the market. Nonetheless, it's crucial to ensure that the property you choose meets the necessary quality standards and is in a location that will attract tenants.
Before deciding to take the plunge into Section 8 rentals, verify that your property complies with the Housing Quality Standards (HQS). These are minimum standards set by the Department of Housing and Urban Development (HUD) to ensure that the units are safe, decent, and sanitary. This verification process is critical because failing to meet these standards can result in penalties and loss of Section 8 participation.
Data Sources: FMR data from HUD (2027).
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.