Section 8 Fair Market Rent (FMR) for ZIP 80745 - 2027
Location: Logan County, CO | Metro: Greeley, CO MSA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,060 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,960 |
| 4 Bedrooms | $2,340 |
| 5 Bedrooms | $2,714 |
| 6 Bedrooms | $3,040 |
| 7 Bedrooms | $3,283 |
| 8 Bedrooms | $3,447 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$21,136
To determine if a landlord should invest in ZIP 80745 for Section 8 properties, follow these decision points:
- Does the Fair Market Rent (FMR) of $1530 cover the debt service on a property?
- If yes: Proceed to the next question. The FMR provides a baseline for rental income that can sustain mortgage payments and other expenses.
- If no: Do not invest. The rental income from Section 8 will not be sufficient to meet financial obligations.
- Is the market rent above, at, or below the FMR of $1530?
- Above FMR: It depends. Landlords might consider holding out for higher-paying private tenants, but they must also weigh the stability and reliability of Section 8 tenants against the potential for vacancy.
- At FMR: Yes, if the landlord prioritizes stable rental income over maximizing profit. Section 8 tenants offer consistent rent payments and are generally reliable.
- Below FMR: No. There's no incentive to accept lower rents when the government guarantees a certain minimum. Landlords should aim for properties where the market rent meets or exceeds the FMR.
- Are there enough demand signals, such as 12.5% of renters being Section 8 eligible and a days-on-market (DOM) rate of N/A?
- High demand (low DOM): Yes. A low DOM indicates strong demand for rental properties, which is favorable for both finding and retaining tenants.
- Moderate demand: It depends. The landlord would need to assess their tolerance for vacancy periods and the competition for Section 8 tenants.
- Low demand (high DOM): No. High DOM suggests weak demand, making it harder to fill vacancies and potentially leading to long periods without income.
Note: The data provided does not specify the exact market rent or DOM figures for ZIP 80745, which are crucial for a comprehensive analysis. Landlords should gather these specifics before making an investment decision.
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.