Section 8 Fair Market Rent (FMR) for ZIP 80861 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 80861

• Housing Authority of the Town of Yuma (Yuma, CO)
• Housing Authority of the City of Wray (Wray, CO)
• Burlington Housing Authority (Burlington, CO)

Skeptical investors considering ZIP 80861 might have several concerns regarding the feasibility of investing in rental properties within this area. Let's address these concerns head-on with the available data.

• Will FMR $1,020 (metro FY 2026) cover the mortgage on a N/A home? The Fair Market Rent (FMR) of $1,020 in ZIP 80861 for fiscal year 2026 does not provide enough context to determine if it will cover the mortgage on a typical home. The absence of specific home value data means we cannot calculate an accurate mortgage payment. However, FMR is designed to reflect the average rent for a modest dwelling, so it should generally cover the costs associated with renting out a property, assuming standard financing terms and interest rates. For a comprehensive analysis, one would need to consider the median home value in the area and the prevailing mortgage rates.
• Is there enough renter demand at 16.7%? The rental demand rate of 16.7% in ZIP 80861 suggests that roughly one-sixth of the housing units are rented. This percentage alone does not indicate whether there is sufficient demand to sustain rental investments. To properly assess demand, one must compare this figure to the overall vacancy rate and the number of new renters entering the market annually. Without this additional data, it's challenging to definitively state the level of demand. However, a 16.7% rental rate implies a steady base of tenants, which can be positive for long-term stability.
• Will vouchers keep pace with $869 market rents? The market rent of $869 in ZIP 80861 is below the projected FMR of $1,020 for fiscal year 2026. Section 8 vouchers are typically adjusted to align with local market conditions, ensuring that they cover a substantial portion of the rent. Given that the voucher amount often reflects the lower quartile of market rents, it is likely that vouchers will remain competitive with the $869 market rent. However, the precise alignment of voucher amounts with market rents would require checking the most recent HUD guidelines for the area. Investors relying on Section 8 vouchers should monitor any changes in federal funding or local regulations that could impact voucher availability and amounts.

The data provided gives us a starting point for evaluating investment opportunities in ZIP 80861. While some questions cannot be fully answered without additional information, the trends indicated by the FMR and market rent figures suggest a potentially viable market for rental investments. Landlords and small-portfolio investors should conduct further research into specific property values and rental demand metrics to make informed decisions.

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.