Location: Washington County, CO | Metro: Washington County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
The ZIP code 80740, located in a county with a notably small population of just 94 residents, stands out due to its unique demographic composition. With 50.0% of residents renting their homes, it indicates a community where half of the population relies on rental housing. The median income for this ZIP is $38,056, which provides insight into the economic status of its inhabitants. However, the lack of data on the median home value suggests that there might be limited homeownership activity or data reporting issues within this area.
Moving onto the voucher economics, the Fair Market Rent (FMR) for ZIP 80740 in metro FY 2026 is set at $1,050. This figure is crucial for landlords and small-portfolio investors as it represents the benchmark rent amount for Section 8 vouchers. Despite the FMR being established, the absence of specific market rent data makes it challenging to compare how the FMR aligns with actual local rental rates. Therefore, landlords should consider the FMR as a guideline while also factoring in other local economic indicators to set competitive rental prices.
Given the limited data points available, the overall data signature for ZIP 80740 reads as transitional. The small population size and high percentage of renters suggest a community that could be evolving, possibly influenced by external factors such as nearby urban centers or economic shifts. Landlords and investors should monitor local trends closely to adapt to any changes that could affect the rental market and the demand for Section 8 vouchers in this area.
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.