Section 8 Fair Market Rent (FMR) for ZIP 80614 - 2027

FY 2027 Fair Market Rent Rates

To profile ZIP 80614 in Colorado as a Section 8 tenant pool, we must first acknowledge that the specific population and percentage of renters are not available. Similarly, the median household income and average market rent figures are also unspecified. However, despite these limitations, we can still make some informed observations based on the Fair Market Rent (FMR) data.

The FMR for ZIP 80614 is set at $2100 for fiscal year 2024. This figure represents the maximum amount that landlords can charge tenants who receive housing assistance through the Section 8 program. Without knowing the exact market rent, it's difficult to provide a precise comparison to the median household income. Nonetheless, we can infer that if the market rent aligns closely with the FMR, then the typical rent would likely consume a significant portion of the local income.

In areas where the median household income is lower than the FMR, it often indicates a renter-heavy ZIP with deep voucher demand. Conversely, in regions where the income is substantially higher, the demand for vouchers might be less pronounced. Given that the income data is unavailable, landlords should prepare for a potential tenant pool that heavily relies on housing vouchers due to the cost of living being represented by the FMR.

The kind of tenant profile expected in ZIP 80614 would include individuals and families who require financial assistance to afford housing. These tenants will have a documented need for the Section 8 vouchers to cover their rental costs, suggesting they may be on fixed incomes or have limited financial resources. Landlords should anticipate a tenant base that values stability and affordability, which the Section 8 program provides.

While we cannot provide a direct comparison between the market rent and the median income, the reliance on Section 8 vouchers implies that the area has a substantial number of residents who struggle to pay market rates without assistance. Therefore, landlords in ZIP 80614 should be prepared to work within the guidelines of the Section 8 program, including regular inspections and rent calculations tied to the voucher amount, which is capped at the FMR of $2100.

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.