Location: Teller County, CO | Metro: Teller County, CO HUD Metro FMR Area
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 | $930 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $2,260 |
| 5 Bedrooms | $2,622 |
| 6 Bedrooms | $2,937 |
| 7 Bedrooms | $3,172 |
| 8 Bedrooms | $3,331 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,230 | $196,201 | 0.63% | D |
| 2BR | $1,350 | $282,189 | 0.48% | F |
| 3BR | $1,870 | $390,755 | 0.48% | F |
| 4BR | $2,260 | $504,835 | 0.45% | F |
U.S. Census Bureau data (2024)
The ZIP code 80813, located in Cripple Creek, CO, is home to a population of 1,817 residents. With 41.3% of the population being renters, it indicates that this area has a significant but not overwhelming rental market presence. The median household income in this region stands at $48,530, which provides a baseline for understanding the financial capabilities of potential tenants.
The typical market rent in Cripple Creek is $1,207 per month. This represents approximately 29.4% of the median household income when calculated annually. To put this into perspective, if we consider the Fair Market Rent (FMR) set by HUD for the fiscal year 2024, which is $1,220 for this ZIP code, the actual market rent is slightly below the FMR, indicating that rents are competitive yet reasonable.
In terms of voucher utilization, the demand for Section 8 housing vouchers is likely to be moderate given the size of the renter pool. However, due to the economic conditions and median income levels, there could still be a notable number of residents seeking assistance through housing vouchers. Landlords should prepare to encounter tenants who rely on Section 8 vouchers, as they form a substantial part of the rental market in Cripple Creek.
A landlord in 80813 can expect tenants who are financially stable enough to meet the requirements of a $1,207 monthly rent. These tenants will often have a combined income that aligns closely with the median household income, ensuring they can manage their rent payments without undue stress. Given the slight overlap between the market rent and the FMR, landlords should also anticipate some tenants using Section 8 vouchers to cover a portion of their rent, thereby maintaining a balanced and sustainable rental environment.
To summarize, while 80813 is not dominated by renters, there is a significant enough tenant base to support a viable rental market. The expected tenant profile includes individuals or families whose income is around the median household level, capable of paying the average market rent without relying solely on housing vouchers. However, landlords should be prepared to accommodate tenants utilizing Section 8 vouchers, as these vouchers are a common tool for securing affordable housing in the 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.