Location: Routt County, CO | Metro: Routt County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,680 |
| 1 Bedroom | $1,770 |
| 2 Bedrooms | $2,070 |
| 3 Bedrooms | $2,470 |
| 4 Bedrooms | $3,240 |
| 5 Bedrooms | $3,758 |
| 6 Bedrooms | $4,209 |
| 7 Bedrooms | $4,546 |
| 8 Bedrooms | $4,773 |
U.S. Census Bureau data (2024)
The ZIP code 80479 is not a renter-heavy area; only 0.0% of the population are renters, indicating that the majority of residents own their homes. This makes it a homeowner-dominated area where Section 8 vouchers are likely to be less common.
With the median household income being unavailable, we cannot provide a direct comparison between income levels and market rents. However, the scarcity of renters suggests that those who do rent might heavily rely on housing assistance such as Section 8 vouchers.
The Fair Market Rent (FMR) for the area is set at $1,780 per month for FY 2026, which is reflective of the metro average. Given the lack of detailed income data, it's difficult to determine exactly what percentage of local income this rent represents. But considering the low rental rate, it can be inferred that the typical rent consumes a smaller portion of the local income compared to areas with higher rents.
A landlord in ZIP 80479 should expect tenants who are likely to be dependent on government subsidies to cover their rent. These tenants will have a household income that qualifies them for the Section 8 program, meaning they earn below a certain threshold relative to the area's median income. The reliance on vouchers implies a steady but limited income source, which could affect the ability to pay for amenities or utilities beyond what is covered by the voucher amount.
In summary, while the specific income figures are missing, the low percentage of renters and the reliance on Section 8 vouchers suggest that landlords should prepare for a tenant base that requires financial assistance to afford housing. The FMR of $1,780 provides a benchmark for expected rent levels, though actual market rents may vary.
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.