Location: Yuma County, CO | Metro: Logan County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
19.5% of the residents in ZIP code 80731 are renters, indicating a significant demand for rental properties. In this area, the Fair Market Rent (FMR) for Section 8, as of metro fiscal year 2026, is set at $1,020. This figure is notably higher than the average market rent reported by the Census ACS, which stands at $655. The disparity between these two numbers suggests an opportunity for landlords to potentially increase their rental income through participation in the Section 8 program.
$74,375 is the median income for households in ZIP 80731, providing insight into the financial capabilities of potential tenants. While the median home value is quite high at $275,799, the median income does not necessarily correlate with the ability to afford high-value homes, thus reinforcing the need for affordable rental options.
The lack of available data on days on market (DOM) and the percentage of price-cut shares could indicate either a stable housing market or insufficient data points to draw conclusions. However, given the strong demand for rentals and the favorable FMR compared to market rents, it is reasonable to infer that rental properties in ZIP 80731 are likely to be occupied quickly once listed.
In summary, the data paints a picture where Section 8 properties can command rents closer to the FMR of $1,020, significantly above the average market rent of $655. Given the 19.5% renter share and the median income of $74,375, landlords and small-portfolio investors can expect steady demand and occupancy rates from participating in the Section 8 program.
Verdict: Accept Section 8 applications for a competitive edge in the rental market of ZIP 80731.
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.