Location: Teller County, 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 | $1,010 |
| 1 Bedroom | $1,240 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $2,010 |
| 4 Bedrooms | $2,300 |
| 5 Bedrooms | $2,668 |
| 6 Bedrooms | $2,988 |
| 7 Bedrooms | $3,227 |
| 8 Bedrooms | $3,388 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,240 | $274,753 | 0.45% | F |
| 2BR | $1,450 | $366,082 | 0.4% | F |
| 3BR | $2,010 | $465,754 | 0.43% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP 80819, Green Mountain Falls, CO, presents a nuanced landscape for landlords and small-portfolio investors. With a median home value of $397,678, the area reflects a stable housing market. However, the absence of data on the percentage of listings that have been reduced and the median days on market (DOM) suggests either a very tight market where homes sell quickly without price reductions, or a scarcity of recent sales data to draw conclusions from.
The setup implies strong seller pricing power, at least for now. In a market where homes maintain their asking prices and sell swiftly, landlords can leverage this stability to keep rents steady or even slightly increase them. The Fair Market Rent (FMR) for ZIP 80819 in fiscal year 2024 is set at $1,390, while the current market rent stands at $1,699 according to the Census ACS data. This indicates that rental properties in the area are already commanding a premium over government-set guidelines, suggesting robust demand for rentals in Green Mountain Falls.
For long-term investors, the appreciation thesis is less straightforward due to the limited data available on recent listing reductions and DOM. However, the high market rent compared to the FMR signals a healthy rental market. Should the trend of maintaining higher-than-FMR rents continue, it would imply that the local economy supports above-average rental income, which could translate into stronger property values over time. Investors should monitor broader economic indicators and local market trends to gauge future appreciation potential.
The current scenario in Green Mountain Falls favors those who can maintain or slightly increase rents, capitalizing on the existing demand. For those looking to invest in the area for the long term, the focus should be on the rental income potential rather than speculative appreciation. The strong rental market is a positive sign, but investors must remain cautious about relying too heavily on short-term trends without deeper insights into the underlying market conditions.
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.