Location: Fort Collins-Loveland, CO | Metro: Fort Collins-Loveland, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,550 |
| 1 Bedroom | $1,590 |
| 2 Bedrooms | $1,760 |
| 3 Bedrooms | $2,380 |
| 4 Bedrooms | $2,580 |
| 5 Bedrooms | $2,993 |
| 6 Bedrooms | $3,352 |
| 7 Bedrooms | $3,620 |
| 8 Bedrooms | $3,801 |
The investment risk assessment for ZIP 80523 in Unknown, CO, highlights several potential issues that could impact Section 8 landlords. Firstly, tenant turnover is a significant concern. The market rent is currently unavailable, but the Fair Market Rent (FMR) for FY 2024 stands at $1650. This can lead to difficulties in attracting tenants who qualify for Section 8 vouchers, which often have lower rent limits.
Vacancy exposure is another critical factor. The Days on Market (DOM) for rental properties in this area is also not available, which makes it challenging to predict how long a property might remain vacant. A higher DOM can increase the financial burden on landlords, as they may need to cover expenses without receiving rental income.
Deferred maintenance is a risk due to the lack of data on the typical home value and median income in ZIP 80523. Properties with lower values or in areas where residents have lower incomes may suffer from inadequate upkeep, which could result in higher repair costs for landlords. This situation is exacerbated when the property's value and the median income of the area are unknown, making it difficult to assess the overall condition of the property and the ability of tenants to maintain it.
Despite these challenges, the high renter share in ZIP 80523 presents an opportunity. With a significant portion of the population renting, there is likely to be a robust demand for Section 8 vouchers. This demand can help mitigate some of the risks associated with vacancy and turnover, as there will always be a pool of qualified tenants looking for housing assistance.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.