Location: Lincoln County, CO | Metro: Lincoln County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
The ZIP code 80823, located in Lincoln County, CO, is best suited as a diversifier within a Section 8 portfolio strategy. The median income in this area is $42,917, and 31.5% of the population are renters. This combination suggests a significant portion of the residents may qualify for Section 8 housing assistance.
Despite the lack of specific appreciation data, the high renter share and median income indicate that this area is likely to have a stable tenant pool. With the Fair Market Rent (FMR) for the metro area set at $1,120 for fiscal year 2026, and the market rent at $619, there is a substantial spread that benefits landlords. This spread means that properties in ZIP 80823 can potentially command higher rents than the market average, making them attractive for those looking to secure reliable cash flow.
The absence of median home value data and specific appreciation metrics does not detract from the potential of this ZIP code as a diversifier. Landlords and small-portfolio investors can leverage this area to balance their investments, especially if they are already heavily invested in areas with volatile markets or where appreciation plays a larger role.
In summary, ZIP 80823 should be considered primarily as a diversifier in a Section 8 portfolio strategy due to its significant renter share and median income levels, which align well with the eligibility criteria for Section 8 assistance. The ability to charge above-market rents based on the FMR also supports its role in providing steady cash flow.
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.