Location: Yuma County, CO | Metro: Yuma County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The ZIP code 80727 has a population of 369 individuals, with 21.7% being renters. This indicates that it is not a heavily populated area and the percentage of renters is relatively low, suggesting that it is not a renter-heavy ZIP code with deep voucher demand. Instead, it leans more towards being a homeowner-dominated area where vouchers might be less common.
The median household income in this ZIP code is $58,125. Considering the market rent of $935, this represents approximately 16% of the median monthly income when calculated on an annual basis. This figure is significant because it suggests that the typical rent is a substantial portion of the average resident's income, potentially making rental payments a considerable financial burden for many households.
Comparing the market rent to the Fair Market Rent (FMR) of $1,020, which is set for fiscal year 2026 in the metro area, we see that the market rent in ZIP 80727 is below the FMR. This implies that landlords in this area may have some flexibility in setting rents that are both competitive and attractive to potential tenants who rely on housing vouchers.
A landlord in ZIP 80727 can expect a tenant profile characterized by individuals or families who may find it challenging to afford higher rents without assistance. The majority of tenants will likely be those who are already acutely aware of their budget constraints and are seeking affordable housing options. Given the lower percentage of renters and the median income level, these tenants will predominantly be voucher holders who need the support of Section 8 programs to manage their housing costs effectively.
In conclusion, while the area is not densely populated with renters, the existing demand for rental properties is likely to be met by tenants who require financial aid through housing vouchers. Landlords should prepare for a tenant base that is sensitive to pricing and reliant on government assistance to cover their living expenses.
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.