Section 8 Fair Market Rent (FMR) for ZIP 80826 - 2027
Location: Lincoln County, CO | Metro: Lincoln County, CO
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,040 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,910 |
| 4 Bedrooms | $2,140 |
| 5 Bedrooms | $2,482 |
| 6 Bedrooms | $2,780 |
| 7 Bedrooms | $3,002 |
| 8 Bedrooms | $3,152 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if a landlord should invest in ZIP code 80826 for Section 8 properties, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1,180 cover the debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not purchase in this area, as the rental income will not be sufficient to meet financial obligations.
- Is the market rent above, at, or below the FMR of $1,180?
- If above: The area may offer better returns on non-Section 8 rentals. Consider the potential for higher rents outside of Section 8.
- If at: Section 8 tenants can pay the full market rate, making it a viable option for landlords.
- If below: Section 8 may still be a good investment, but compare the difference between market rent and FMR to ensure profitability.
- Are there enough renters and a reasonable number of days on the market (DOM)?
- If the percentage of renters is high and DOM is low: There is likely strong demand for rental properties, including those under Section 8.
- If the percentage of renters is low and DOM is high: Demand for rentals is weak, which could make it difficult to attract and retain tenants.
- If it depends: Evaluate other factors such as vacancy rates, population growth, and local employment trends to gauge future demand.
The final decision hinges on whether the FMR can support the cost of ownership and if there is sufficient tenant demand. Landlords must also consider the specific conditions of the properties they intend to purchase and the local real estate market dynamics.
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.