Section 8 Fair Market Rent (FMR) for ZIP 80830 - 2027
Location: Denver-Aurora-Centennial, CO | Metro: Denver-Aurora-Centennial, CO MSA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,480 |
| 1 Bedroom | $1,580 |
| 2 Bedrooms | $1,890 |
| 3 Bedrooms | $2,470 |
| 4 Bedrooms | $2,750 |
| 5 Bedrooms | $3,190 |
| 6 Bedrooms | $3,573 |
| 7 Bedrooms | $3,859 |
| 8 Bedrooms | $4,052 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$76,250
To determine if you should invest in ZIP 80830 for Section 8 properties, follow this decision tree:
- 1) Does the Fair Market Rent (FMR) of $1680 cover your debt service on a potential property?
- Yes: Proceed to the next question.
- No: Do not buy in this ZIP code for Section 8 purposes. The FMR does not sufficiently cover the costs associated with owning a property.
- 2) Is the market rent above, at, or below the FMR?
- Above: Consider buying only if the gap between FMR and market rent is minimal. High market rents can indicate difficulty in attracting tenants who qualify for Section 8.
- At or Below: This ZIP code may be suitable for Section 8 investment, as the market rent aligns well with the FMR.
- 3) Is there sufficient demand among renters, considering the 8.1% of renters and N/A-day days on market (DOM)?
- It Depends: With 8.1% of the population being renters, demand is relatively low. However, the impact of the DOM figure needs clarification. If DOM is low, properties are selling quickly, indicating a strong local rental market despite the low percentage of renters. If DOM is high, properties are taking longer to sell, which could signal a weak market.
If you proceed past the first two steps, the final decision hinges on understanding the DOM figure for ZIP 80830. This will help clarify whether the low percentage of renters translates into a practical barrier for finding tenants or if the market is still robust enough to support Section 8 investments.
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.