Location: Logan County, CO | Metro: Logan County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The ZIP code 80747 stands out due to its unique demographic and economic characteristics. With only 499 residents, it is among the least populated areas, yet it boasts a median income of $78,750, which is relatively high. The median home value is also impressive at $237,513. However, only 9.1% of the residents are renters, indicating a predominantly owner-occupied community.
Despite the low percentage of renters, the voucher economics present an interesting opportunity. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,140, whereas the current market rent, based on Census ACS data, is $836. This discrepancy means that landlords accepting Section 8 vouchers can potentially charge a higher rent compared to the average market rate, making it a financially viable option for those willing to participate in the program.
The data signature of ZIP 80747 suggests a stable environment. The high median income and home values indicate a prosperous area where residents are likely to have the financial stability to maintain their living conditions. While the number of renters is low, the disparity between the FMR and the market rent offers a compelling reason for landlords to consider Section 8 vouchers as a reliable source of income. The combination of these factors implies that the ZIP code is unlikely to undergo significant transitional changes in the near future, providing a steady and predictable market for both owners and investors.
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.