Section 8 Fair Market Rent (FMR) for ZIP 80808 - 2027

Location: Denver-Aurora-Centennial, CO | Metro: Colorado Springs, CO HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$870
2 Bedrooms	$1,020
3 Bedrooms	$1,420
4 Bedrooms	$1,620
5 Bedrooms	$1,879
6 Bedrooms	$2,104
7 Bedrooms	$2,272
8 Bedrooms	$2,386

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,521

Median Household Income

$85,500

Housing Units

2,736

Renter Percentage

17.7%

Occupancy Rate

93.7%

Renter Occupied

453

Housing Authorities Serving ZIP 80808

Housing Authority of the City of Colorado Springs (Colorado Springs, CO) - 2,319 Section 8 vouchers
Housing Authority of the City of Fountain (Fountain, CO) - 244 Section 8 vouchers

The ZIP code 80808, located in Calhan, Colorado, offers a unique blend of rural charm and suburban convenience, situated near the bustling city of Colorado Springs. This area is characterized by its affordable housing options and a growing population that seeks a quieter lifestyle while remaining close to urban amenities.

The Fair Market Rent (FMR) for ZIP 80808 in fiscal year 2024 is set at $1270, providing landlords with a benchmark for rental pricing.
According to the latest Census American Community Survey (ACS), the average market rent in the area stands at $959, indicating a potential opportunity for landlords to increase their rental rates closer to the FMR without pricing out tenants.
The median home value in ZIP 80808 is $486,576, which is relatively stable and suggests a solid investment in residential property.
Renters make up 17.7% of the housing market in this area, reflecting a significant portion of the population that prefers leasing over owning.
The median household income in ZIP 80808 is $85,500, providing insight into the economic health of the community and the ability of residents to afford higher rents.

The combination of a modest market rent below the FMR, a substantial median home value, and a decent share of renters indicates a favorable environment for landlords and small-portfolio investors. With the potential to adjust rental prices closer to the FMR and a steady income level among residents, there is room for increased profitability without risking tenant turnover. The stability of home values also suggests long-term investment security. However, investors should be aware of the local dynamics and ensure their rental offerings align with the needs of the 17.7% renter population to maximize occupancy and returns.

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.