Location: Yuma County, CO | Metro: Yuma County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
The ZIP code 80735, with a population of 324, has a significant rental market presence. At 33.3%, the proportion of renters is substantial, indicating a notable demand for rental properties. However, this percentage also suggests that the area is not dominated by renters but rather has a balanced mix of homeowners and tenants.
The median household income in 80735 is $94,167, which provides a solid financial backdrop for the rental market. The market rent stands at $934 per month, representing approximately 12.2% of the median income when calculated on an annual basis. This figure aligns well with the Fair Market Rent (FMR) of $1,020 for the metropolitan area, as set for fiscal year 2026. The slight gap between the market rent and the FMR implies that the rental rates are competitive and slightly below the benchmark, potentially attracting a broader range of tenants including those utilizing Section 8 vouchers.
Landlords in 80735 can anticipate a tenant pool that includes individuals and families who are likely to have some disposable income beyond rent. Given the income levels and the relatively low market rent, it is reasonable to expect that many potential tenants would find the cost of living manageable, even if they rely partially on housing vouchers. These tenants are expected to be financially stable and capable of meeting their obligations, considering the income-to-rent ratio is favorable.
In conclusion, while the area is not exclusively renter-heavy, it does present opportunities for landlords looking to attract tenants who might benefit from Section 8 vouchers. The rental market here is robust and competitive, making it a viable option for both landlords and small-portfolio investors seeking steady returns without overreliance on subsidized housing programs.
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.