Location: Yuma County, CO | Metro: Phillips County, CO
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,170 | $207,452 | 0.56% | F |
| 3BR | $1,510 | $275,391 | 0.55% | F |
| 4BR | $1,820 | $323,886 | 0.56% | F |
U.S. Census Bureau data (2024)
ZIP code 80734, located in Holyoke, Colorado, stands out in Phillips County due to its unique demographic and economic characteristics. With a population of 2,999, it has a relatively low rental rate at 32.6%, indicating that a majority of the residents own their homes. The median household income is $57,891, which is modest but provides a stable financial foundation for the community. The median home value in the area is significantly higher at $260,661, reflecting a strong housing market where property values are well above the national average.
The voucher economics in ZIP 80734 are favorable for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,080, which closely aligns with the market rent of $1,077 reported by the Census Bureau's American Community Survey (ACS). This parity suggests that landlords can expect steady demand for rental properties, with the government's rental assistance program providing a reliable source of income for units participating in the Section 8 program. The slight increase in FMR over the market rent means that landlords who accept vouchers could potentially see a small premium on their rental income compared to the local market rates.
The data signature for ZIP 80734 indicates a stable environment. Despite the modest median income, the high median home value and the alignment between FMR and market rents suggest a community that is financially sound and capable of supporting both homeownership and rental markets. For landlords and small-portfolio investors, this stability translates into predictable returns and a consistent tenant pool, making ZIP 80734 an attractive investment opportunity within the broader context of Phillips County.
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.