Location: Boulder, CO | Metro: Boulder, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,520 |
| 1 Bedroom | $1,730 |
| 2 Bedrooms | $2,030 |
| 3 Bedrooms | $2,700 |
| 4 Bedrooms | $3,140 |
| 5 Bedrooms | $3,642 |
| 6 Bedrooms | $4,079 |
| 7 Bedrooms | $4,405 |
| 8 Bedrooms | $4,625 |
The market in ZIP 80502, located in Colorado, presents a dynamic landscape that is currently in flux. The Fair Market Rent (FMR) for the area is set at $2220 for fiscal year 2024, indicating a significant benchmark for rental properties within the zip code.
A notable absence in the provided data is the market rent figure, which would typically give insight into the actual rents being charged by landlords. This gap suggests that there might be limited data available on current rental prices, possibly due to a smaller number of transactions or less active rental market reporting. However, the presence of an FMR without a corresponding market rent can imply that the regulated rental rates are closely aligned with the market's expectations, or that the market is tightly controlled by government standards.
The percentage of price-cut share and days on market (DOM) are also listed as N/A, which could mean that the property market in ZIP 80502 is either very stable, with few properties needing to be discounted or remaining unsold for extended periods, or that the data collection process is not robust enough to provide these metrics consistently. A stable market often indicates that supply and demand are balanced, but without concrete figures, it's challenging to determine whether supply outpaces demand or vice versa.
The median home value is also marked as N/A, suggesting that the residential market might be less developed or less frequently transacted compared to other areas. This could indicate a primarily rental-focused market, which aligns with the presence of an FMR. The lack of a specific renter share percentage means we cannot definitively state the proportion of renters to homeowners, but given the focus on FMR, it's reasonable to infer that the area has a strong rental component. This characteristic can exert long-term housing pressure, as rental markets tend to be more sensitive to economic changes and may require landlords to be more adaptive to tenant needs and preferences.
In summary, ZIP 80502 appears to be a market driven by rental dynamics, with fair market rents setting a clear standard. The absence of certain key data points, such as market rent and median home values, highlights the need for further investigation into the local real estate trends and the balance between supply and demand. For landlords and small-portfolio investors, understanding the rental market's sensitivity to broader economic conditions will be crucial in making informed decisions.
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.