Location: Lincoln County, CO | Metro: Lincoln County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 80804, located in Lincoln County, Colorado, reveals a favorable environment for cash flow. The HUD Fair Market Rent (FMR) for the area is set at $970 for fiscal year 2026, which is significantly higher than the current market rent of $606 based on Census ACS data.
This difference indicates that voucher tenants will cashflow at the HUD FMR without requiring premium units. Landlords can expect to cover their mortgage, maintenance, and other operational costs while also generating a profit from the rental income.
The median home value in ZIP 80804 is not available, making it challenging to derive an exact rent-to-price ratio. However, the lack of this data does not diminish the strong cash flow potential for Section 8 investors. The days on market (DOM) and the percentage of homes that have been discounted are also not available, but these metrics typically influence buy-versus-rent decisions. In this case, the focus remains on the robust cash flow generated by the disparity between the HUD FMR and the actual market rent.
The strongest angle for investors in this market is cash flow. With the HUD FMR well above the market rent, investors can secure steady income streams from voucher tenants, ensuring financial stability and profitability in their real estate investments.
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.