Location: Pueblo, CO | Metro: Colorado Springs, 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 | $1,210 |
| 1 Bedroom | $1,480 |
| 2 Bedrooms | $1,750 |
| 3 Bedrooms | $2,430 |
| 4 Bedrooms | $2,770 |
| 5 Bedrooms | $3,213 |
| 6 Bedrooms | $3,599 |
| 7 Bedrooms | $3,887 |
| 8 Bedrooms | $4,081 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,750 | $267,357 | 0.65% | D |
| 3BR | $2,430 | $371,028 | 0.65% | D |
| 4BR | $2,770 | $415,041 | 0.67% | D |
| 5BR | $3,213 | $462,622 | 0.69% | D |
U.S. Census Bureau data (2024)
The ZIP code 80817, located in Fountain, CO, has a population of 31,241 residents. With 25.7% of the population being renters, it indicates that this area is moderately renter-heavy. However, the percentage of homeowners is significantly higher, suggesting that it is not dominated by rental properties but rather a mix of both ownership and renting.
The median household income in this ZIP code stands at $86,543, which is relatively high compared to national averages. The typical market rent of $2,016 per month consumes approximately 23.3% of the median household income. This figure can be seen as reasonable for tenants who wish to maintain a balanced budget between housing and other expenses.
When comparing the market rent to the Fair Market Rent (FMR) of $2,090, which is set for FY 2024, it's evident that the market rent is slightly below the FMR. This discrepancy could indicate a potential for deeper voucher utilization among tenants, especially those who qualify for Section 8 assistance.
A landlord in 80817 should expect a tenant profile that includes individuals and families who may rely on Section 8 vouchers to supplement their housing costs. Given the high median income, tenants who use vouchers might still have additional income sources, making them potentially reliable in terms of rent payment consistency.
However, due to the relatively low percentage of renters, landlords may find that the demand for Section 8 vouchers is not overwhelming. It is advisable for landlords to consider the balance between accepting voucher tenants and the potential for higher-paying cash tenants, given the economic conditions of the area.
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.