Location: Morgan County, CO | Metro: Morgan County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
U.S. Census Bureau data (2024)
The ZIP code 80750, located within the Morgan County, CO metro, presents a unique scenario when compared to typical ZIP codes in the same county. With a Fair Market Rent (FMR) of $1,220 for fiscal year 2026, this figure stands out as it represents the maximum amount that a household receiving Section 8 assistance can pay for rent. However, the lack of data on market rent and home values for ZIP 80750 makes direct comparisons challenging.
The most striking aspect of ZIP 80750's profile is its 0.0% renter share. This indicates that there are no renters reported in this ZIP code, which is unusual and suggests that the housing market here is primarily composed of homeowners. The absence of rental data implies that this area may not be a significant target for Section 8 tenants seeking rental properties, thus limiting the relevance of the FMR figure to landlords and small-portfolio investors looking to attract such tenants.
In the context of Morgan County, CO, where typical ZIP codes likely have higher renter shares and more diverse housing markets, ZIP 80750's characteristics suggest it is neither a value pocket nor a premium sub-market. Instead, it appears to be an outlier due to the complete dominance of homeownership over renting. Given the lack of market rent and home value data, it's impossible to determine if this ZIP code has below-average home values, which would typically signal a value pocket for Section 8 participants. Similarly, without comparative data, it cannot be classified as a premium sub-market.
The divergence in the renter share percentage highlights that 80750 is not a sweet spot for Section 8 tenants, as it lacks the necessary rental stock to accommodate them. For landlords and small-portfolio investors interested in Section 8 tenants, this ZIP code would not be a primary focus due to the absence of renters. However, the FMR of $1,220 provides a benchmark for understanding the potential financial landscape should the rental market in 80750 ever expand.
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.