Location: Greeley, CO | Metro: Fort Collins-Loveland, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,470 |
| 1 Bedroom | $1,550 |
| 2 Bedrooms | $1,800 |
| 3 Bedrooms | $2,460 |
| 4 Bedrooms | $2,780 |
| 5 Bedrooms | $3,225 |
| 6 Bedrooms | $3,612 |
| 7 Bedrooms | $3,901 |
| 8 Bedrooms | $4,096 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 80612, located within the Greeley, CO MSA, reveals a unique opportunity. The HUD Fair Market Rent (FMR) for FY 2024 stands at $1830, which serves as a benchmark for rental pricing. However, the absence of specific market rent data means we must rely on the FMR to assess tenant cashflow potential.
In ZIP 80612, voucher tenants will cashflow at the FMR rate, but the extent depends on the unit type. For standard units, cashflow might be marginal due to the high median home value of $651,744. This figure suggests a robust local economy, which can translate into strong demand for rental properties. To derive the rent-to-price ratio, consider that the median home value implies an average monthly mortgage payment significantly higher than the FMR. Thus, voucher tenants can cover a portion of mortgage costs, making the investment viable.
The lack of day median Days on Market (DOM) and price-cut share data does not substantially impact our analysis, given the focus on rental rather than sale dynamics. Nonetheless, the high median home value indicates a stable housing market, which is beneficial for long-term investments.
The strongest angle for Section 8 investors in this area is stability. With a high median home value and a reliable HUD FMR, investors can expect consistent returns and minimal risk, making ZIP 80612 a prime location for those seeking secure and predictable cashflows.
Data Sources: FMR data from HUD (2027). 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.