Location: Greeley, CO | Metro: Greeley, CO MSA
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 | $1,840 |
| 1 Bedroom | $1,940 |
| 2 Bedrooms | $2,440 |
| 3 Bedrooms | $3,380 |
| 4 Bedrooms | $4,080 |
| 5 Bedrooms | $4,733 |
| 6 Bedrooms | $5,301 |
| 7 Bedrooms | $5,725 |
| 8 Bedrooms | $6,011 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,440 | $382,449 | 0.64% | D |
| 3BR | $3,380 | $474,224 | 0.71% | D |
| 4BR | $4,080 | $527,888 | 0.77% | D |
| 5BR | $4,733 | $582,303 | 0.81% | C |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 80530 in Frederick, CO, is set at $1730 for fiscal year 2024. This figure represents the maximum amount that landlords can charge for rent under the Section 8 program, which is a government-subsidized housing assistance program. It is important to note that this is not the actual rent you will receive; rather, it is the payment standard used by the program to determine the subsidy amount.
In comparison, the average market rent in ZIP 80530 is around $3100, based on the Zillow Observed Rent Index (ZORI). This indicates that the local market rents are significantly higher than the Section 8 payment standard. However, the demand for affordable housing in the area is strong, with renters comprising 8.4% of the total population. This suggests that there is a substantial pool of potential tenants who could benefit from Section 8 subsidies.
The median home value in ZIP 80530 is approximately $500,597. This high acquisition cost means that purchasing a property to serve as a Section 8 rental could be a significant investment. Despite this, the steady income provided by the Section 8 program can be attractive for landlords looking for reliable tenants and predictable cash flow.
Before committing to a Section 8 rental, it is crucial to verify that your property meets all the required standards for habitability and safety. The Housing Quality Standards (HQS) ensure that properties are safe and decent living environments for tenants. Compliance with these standards is mandatory for participation in the program.
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.