Section 8 Fair Market Rent (FMR) for ZIP 80648 - 2027

Location: Greeley, CO | Metro: Greeley, CO MSA

Investment Score for ZIP 80648

N/A

Monthly Rent (2BR)

$1,560

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,230
1 Bedroom	$1,280
2 Bedrooms	$1,560
3 Bedrooms	$2,150
4 Bedrooms	$2,520
5 Bedrooms	$2,923
6 Bedrooms	$3,274
7 Bedrooms	$3,536
8 Bedrooms	$3,713

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$2,150	$600,432	0.36%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

902

Median Household Income

$94,079

Housing Units

475

Renter Percentage

3.8%

Occupancy Rate

95.2%

Renter Occupied

The ZIP code 80648, located in Frederick, Colorado, offers a niche market for real estate investment, particularly in the rental sector. The area is characterized by a blend of suburban living and proximity to natural landscapes, making it attractive to both families and outdoor enthusiasts.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 80648 for fiscal year 2024 is set at $1540, providing a benchmark for affordable housing units.
Market rents, according to the latest Census American Community Survey (ACS), average $2,196, indicating that there's room for higher-end rentals above the FMR threshold.
The median home value in the area stands at $608,353, reflecting a relatively stable and somewhat affluent residential market.
Renters make up only 3.8% of the population, suggesting a primarily owner-occupied community with limited rental opportunities.
Median household income is $94,079, which supports the potential for higher rent prices and indicates a strong local economy.
The Days on Market (DOM) figure is not available, but given the low renter share, it's likely that rental properties turn over quickly once listed.

In summary, while the rental market in ZIP 80648 is small, it offers opportunities for investors who can cater to higher-income tenants willing to pay above the FMR. The strong median income suggests robust demand for quality rentals, but the competition may be fierce due to the limited number of renters. For landlords and small-portfolio investors, focusing on high-quality, well-priced rental units could yield favorable returns, especially if they align with the needs of the local workforce and families seeking suburban comfort.

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.