Location: Cheyenne County, CO | Metro: Cheyenne County, CO
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,560 | $177,238 | 0.88% | C |
| 4BR | $1,830 | $291,339 | 0.63% | D |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 80810 in Cheyenne County, Colorado reveals a favorable environment for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the metro area, set at $1,050 for fiscal year 2026, exceeds the current market rent of $943 as reported by the Census American Community Survey (ACS). This indicates that voucher tenants will generally cashflow at the FMR rate, providing a positive financial outlook for properties rented to Section 8 participants.
To further understand the investment potential, consider the median home value in ZIP 80810, which stands at $197,388. Using this figure, we can derive a rent-to-price ratio. With an average monthly rent of $943, the annual rental income would be approximately $11,316. Dividing this by the median home value yields a rent-to-price ratio of roughly 5.7%, suggesting that rental income represents a significant portion of the property's value. This ratio supports the viability of rental investments in the area.
Note that the median Days on Market (DOM) and the percentage of price cuts are not applicable (N/A) in this context. However, these metrics typically play a role in assessing the balance between renting and buying. Given the absence of these data points, the analysis focuses on the direct comparison between the HUD FMR and market rents.
The strongest investor angle in ZIP 80810 is cashflow. Properties rented to Section 8 tenants at the HUD FMR will generate positive cashflow, making it an attractive option for landlords seeking stable and profitable investments in the Cheyenne County area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.