Location: Phillips County, CO | Metro: Phillips County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 80746 in metro FY 2026 is set at $1,020. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which is the maximum amount the government will pay towards a tenant's rent. It does not necessarily mean that your property will be rented out for exactly this amount; it could be less depending on the tenant's income and contribution percentage.
In ZIP 80746, the local market rent is currently listed as N/A, which suggests there might be limited data available regarding typical rental prices in the area. However, given that 20.0% of the population are renters, there is a significant demand for affordable housing options. This makes Section 8 properties particularly attractive, as they fill a critical need in the community.
The acquisition cost for properties in this area is also noted as N/A, indicating that there isn't enough data to provide a specific average price point for buying a rental property. Nonetheless, the demand for rentals suggests that finding a property that meets the Section 8 requirements and is priced appropriately should still be feasible.
To ensure you're making a sound investment decision, verify that your property complies with all HUD quality standards before applying for the Section 8 program. This includes passing inspections for health and safety, ensuring it meets the minimum space requirements, and having proper documentation of the property's condition and value.
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.