Location: Greeley, CO | Metro: Greeley, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,320 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,720 |
| 3 Bedrooms | $2,350 |
| 4 Bedrooms | $2,710 |
| 5 Bedrooms | $3,144 |
| 6 Bedrooms | $3,521 |
| 7 Bedrooms | $3,803 |
| 8 Bedrooms | $3,993 |
U.S. Census Bureau data (2024)
To classify ZIP code 80652, we must consider both yield and stability factors. The yield is determined by the Fair Market Rent (FMR), which for FY 2024 stands at $1510. This figure represents the average monthly rent that can be expected for rental properties in this area under the Section 8 program. In contrast, the median home value is $631,347, indicating a relatively high investment cost if one were to purchase property here.
Regarding stability, the ZIP code has a significant percentage of renters at 29.8%, suggesting a reasonable demand for rental housing. However, without data on the number of days on market (DOM) for rental listings, it's challenging to gauge how quickly properties might be leased. The average household income in the area is $72,639, which provides insight into the financial capability of potential tenants but does not directly inform us about the stability of the rental market.
Based on these figures, ZIP 80652 leans towards being a steady-cashflow zone. The substantial FMR of $1510 suggests that landlords can expect decent rental income. Although the median home value of $631,347 is high, indicating a significant initial investment, the strong presence of renters (29.8%) ensures a reliable tenant pool. The average income level of $72,639 supports the likelihood of timely rent payments, contributing to the stability of cash flow.
The absence of specific DOM data prevents a definitive assessment of how quickly properties can be rented out, which is crucial for evaluating the turnover rate and overall market stability. Nonetheless, given the available data, the combination of a high FMR and a substantial renter population points towards a market where landlords can achieve consistent returns without the volatility associated with high-yield, low-stability environments.
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.