Location: Routt County, CO | Metro: Routt County, CO
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,690 |
| 1 Bedroom | $1,770 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,370 |
| 4 Bedrooms | $3,090 |
| 5 Bedrooms | $3,584 |
| 6 Bedrooms | $4,014 |
| 7 Bedrooms | $4,335 |
| 8 Bedrooms | $4,552 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,990 | $406,318 | 0.49% | F |
| 3BR | $2,370 | $500,504 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 80483, located in Phippsburg, CO, has a population of 455 residents, with 18.0% being renters. This indicates that it is not a heavily renter-dominated area, but rather one where homeownership is more prevalent. The median household income stands at $85,089, which provides insight into the economic status of the community.
To understand the depth of voucher demand in this area, we must compare the median income to the Fair Market Rent (FMR) set by HUD. For fiscal year 2026, the FMR for a metropolitan area like Phippsburg is $1,760. However, without specific market rent data for 80483, we cannot calculate the exact percentage of income that goes towards rent. Assuming the market rent is close to the FMR, a typical renter would spend approximately 20.6% of their income on rent, which is calculated by dividing the FMR by the median household income ($1,760 / $85,089 = 0.0206).
In a scenario where the market rent aligns closely with the FMR, the rental costs would represent a relatively modest portion of the average household's income. This suggests that while there may be some demand for Section 8 vouchers, it is likely not as deep as in areas with lower median incomes relative to housing costs.
A landlord in 80483 can expect tenants who are either fully subsidized by Section 8 vouchers or partially subsidized, depending on their individual financial situations. Given the higher median income and lower proportion of renters, the tenant pool will likely consist of individuals who are financially stable but still benefit from the rental assistance program due to the high cost of living in the area. Landlords should prepare for a mix of tenants, some of whom may have higher credit scores and employment stability compared to areas with more significant voucher usage.
Investors considering properties in 80483 should note that while the demand for Section 8 vouchers exists, it is not overwhelming. The rental market may offer opportunities for both traditional and voucher-assisted tenancy, providing flexibility in property management strategies.
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.