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 | $950 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,900 |
| 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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,260 | $304,173 | 0.41% | F |
| 2BR | $1,370 | $387,585 | 0.35% | F |
| 3BR | $1,900 | $496,513 | 0.38% | F |
| 4BR | $2,260 | $630,405 | 0.36% | F |
| 5BR | $2,622 | $782,949 | 0.33% | F |
U.S. Census Bureau data (2024)
1540 is the Fair Market Rent (FMR) for ZIP code 80814 in Divide, Colorado, as set by HUD for fiscal year 2024. 1492 is the average market rent reported by the Census Bureau's American Community Survey, indicating a slight premium landlords can expect over the FMR. 498,181 represents the median home value in the area, suggesting a relatively stable housing market. 15.1% is the proportion of renters in Divide, which is lower than the national average, pointing to a strong owner-occupied market. However, for those interested in rental investments, particularly through Section 8, this figure also implies a smaller pool of potential tenants compared to areas with higher renter shares. 80,500 is the median household income in the area, providing insight into the financial capacity of residents. Despite this, the N/A-day Days on Market (DOM) indicates that there isn't enough recent data to determine how quickly properties are renting, possibly due to seasonal fluctuations or limited activity. 0.2% is the price-cut share for rentals, revealing that very few listings require price reductions, a sign of a robust rental market.
The low price-cut share and the slight premium over FMR suggest that landlords in Divide can maintain competitive rents without significant concessions. The relatively high median home value and median income indicate a good economic foundation, although the lower renter share means that the Section 8 program might have fewer participants. This scenario presents an opportunity for landlords who can attract Section 8 tenants, as they will likely face less competition for these contracts. However, it also poses a challenge in finding enough eligible tenants to fill all available units under the program. For small-portfolio investors, focusing on properties that meet the needs of both general renters and Section 8 participants could be a strategic approach.
Verdict: Suitable for Section 8 participation with strategic property selection.Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.