Location: Yuma County, CO | Metro: Yuma County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
The ZIP code 80822, located in Colorado, stands out due to its unique data signature. With only 224 residents, it has a very low population density. Renting accounts for 29.8% of housing arrangements, indicating that a significant portion of the residents own their homes. However, the median income of $63,750 suggests that there is a considerable economic diversity among its inhabitants. Notably, the median home value is listed as N/A, which could imply a lack of sufficient data points or an unusual distribution of property values in the area.
Turning to the voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,040. In comparison, the current market rent, based on Census ACS data, is $1,175. This indicates that landlords participating in the Section 8 program may see a slight decrease in rental income, as the FMR is lower than the market rate. The gap between the two rates is $135 per month, which could affect the willingness of some landlords to participate in the program.
The data signature for ZIP 80822 reads as "transitional." The low population and the absence of a median home value suggest that the area might be undergoing changes, possibly due to development or shifts in the local economy. The disparity between the FMR and market rent could also point to a transitional period where the government's assessment of rental costs is catching up to the actual market conditions. For landlords and small-portfolio investors, this means they should carefully consider the potential impact on their rental income before deciding to participate in the Section 8 program.
Data Sources: FMR data from HUD (2027). 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.