Section 8 Fair Market Rent (FMR) for ZIP 80482 - 2027

Location: Grand County, CO | Metro: Grand County, CO

Investment Score for ZIP 80482

Monthly Rent (2BR)

$2,100

Median Price (2BR)

$651,147

1% Rule

0.32%

Annual Yield

3.87%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,560
1 Bedroom	$1,670
2 Bedrooms	$2,100
3 Bedrooms	$2,500
4 Bedrooms	$2,980
5 Bedrooms	$3,457
6 Bedrooms	$3,872
7 Bedrooms	$4,182
8 Bedrooms	$4,391

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,670	$467,101	0.36%	F
2BR	$2,100	$651,147	0.32%	F
3BR	$2,500	$1,118,296	0.22%	F
4BR	$2,980	$1,843,234	0.16%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,447

Median Household Income

$65,137

Housing Units

3,608

Renter Percentage

30.6%

Occupancy Rate

21.7%

Renter Occupied

240

To determine if you should buy in ZIP code 80482 (Winter Park, CO) for a Section 8 investment, follow this decision tree based on the provided data.

1) Does FMR $1,750 (metro FY 2026) clear debt service on a $796,873 property?

No: The Fair Market Rent (FMR) of $1,750 does not clear the debt service on a property valued at $796,873. Debt service typically includes mortgage payments, property taxes, insurance, and maintenance costs. Given that the average monthly rent is lower than what would be required to cover these expenses, purchasing in this area for a Section 8 portfolio would not be financially viable.

2) Is market rent $1,648 (Census ACS) above, at, or below FMR?

Below FMR: The market rent of $1,648 is below the FMR of $1,750. This means that while the market rent is lower, the Section 8 program would pay a higher amount, making the rental income more attractive for landlords. However, this does not address the issue of covering the debt service on a high-value property.

3) Are 30.6% renters + N/A-day DOM enough demand?

It Depends: With 30.6% of residents being renters, there is a significant portion of the population who might seek housing assistance through Section 8. However, the lack of data on Days on Market (DOM) makes it difficult to assess the speed at which properties are rented out. Without this information, it's challenging to gauge the demand for rental properties specifically in Winter Park, CO.

If the FMR cannot clear the debt service, the answer is clear: No. Even though the market rent is below the FMR, indicating potential higher income through Section 8, the cost of owning such a high-value property would still outweigh the benefits. The demand for rental properties appears to be present, but without knowing the DOM, landlords cannot fully evaluate the risk and feasibility of investing in this ZIP code for a Section 8 portfolio.

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.