Location: Summit County, CO | Metro: Summit County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,930 |
| 1 Bedroom | $2,120 |
| 2 Bedrooms | $2,770 |
| 3 Bedrooms | $3,300 |
| 4 Bedrooms | $3,750 |
| 5 Bedrooms | $4,350 |
| 6 Bedrooms | $4,872 |
| 7 Bedrooms | $5,262 |
| 8 Bedrooms | $5,525 |
The ZIP code 80497 represents the Silverthorne, CO neighborhood, located in Summit County. Due to limited data availability, specific figures for population, percentage of renters, median income, and median home value cannot be cited here.
However, the rent economics for this area can be analyzed. The Fair Market Rent (FMR) for ZIP 80497 is set at $2,470 for the fiscal year 2026, reflecting the cost for a two-bedroom apartment in the metro area. This figure is crucial for Section 8 landlords and small-portfolio investors, as it sets the benchmark for rental rates covered under the voucher program.
In terms of investment strategy, ZIP 80497 might be better suited for hands-on value-add buyers rather than hands-off operators. The limited data suggests a potentially unique market where understanding local dynamics is essential. For instance, the area could benefit from renovations or improvements that cater to tourists or outdoor enthusiasts, given its proximity to natural attractions and recreational activities.
The lack of detailed market rent data means that hands-off operators may struggle to find consistent returns without active management. On the other hand, value-add investors who are willing to engage with the community and understand local trends can potentially capitalize on opportunities that align with the FMR guidelines.
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.