Location: Sedgwick County, CO | Metro: Phillips County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 80721 in metro FY 2026 is set at $1,090. This figure represents the payment standard for Section 8 rental properties in this area, meaning that the Housing Authority will pay up to this amount toward the rent of eligible tenants. It's important to note that this is not the total rent you can charge; it's the maximum subsidy payment.
To understand how this compares to local rents, we would typically look at the average market rent for the area. However, the data for local average rent is currently N/A, making it difficult to provide a direct comparison. Despite this, the 25.7% share of renters in the area suggests there is a solid demand for affordable housing options.
Regarding the acquisition cost of properties in ZIP 80721, the data point is also listed as N/A. Without specific numbers, it's challenging to give an exact figure on how much you might spend to acquire a property suitable for Section 8 tenants. Nonetheless, knowing the FMR helps you estimate the potential income you could receive from the Housing Authority.
Before proceeding with your first Section 8 rental, ensure you verify the condition of the property against the Housing Quality Standards (HQS). These standards are set by the Department of Housing and Urban Development (HUD) and must be met for the property to be approved for the program. This step is crucial as it determines whether your investment will be eligible for the Section 8 subsidy.
In summary, with an FMR of $1,090, there is a strong case for investing in Section 8 rentals in ZIP 80721 due to the demand for affordable housing. The key to success lies in ensuring your property meets HQS requirements to secure approval and ongoing payments from the Housing Authority.
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.