Location: Colorado Springs, CO | Metro: Colorado Springs, CO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,180 |
| 1 Bedroom | $1,390 |
| 2 Bedrooms | $1,710 |
| 3 Bedrooms | $2,420 |
| 4 Bedrooms | $2,840 |
| 5 Bedrooms | $3,294 |
| 6 Bedrooms | $3,689 |
| 7 Bedrooms | $3,984 |
| 8 Bedrooms | $4,183 |
U.S. Census Bureau data (2024)
ZIP 80908 in Colorado Springs, CO, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The median fair market rent (FMR) for ZIP 80908 in fiscal year 2024 is $2340, while the market rent is $2,147. This indicates that the area's rental prices are slightly below the FMR, providing a stable income source for landlords participating in the Section 8 program. Additionally, the median home value in ZIP 80908 is $711,626, reflecting a higher-end market where the demand for affordable housing is strong.
The spread between the FMR and market rent suggests that landlords can expect a consistent, predictable cash flow from tenants enrolled in the Section 8 program. With a median income of $133,965, the area supports a diverse economic base, reducing the risk of tenant turnover and ensuring steady rental payments. Furthermore, the low 0.2% price-cut share and 52-day days on market (DOM) indicate that the real estate market in ZIP 80908 is relatively stable and liquid, making it easier for landlords to manage their properties and adjust to any changes in the market.
In conclusion, ZIP 80908 is best suited as a cash-flow anchor in a Section 8 portfolio due to its stable rental market, slightly below FMR market rents, and strong economic foundation. Landlords can rely on this area to provide a dependable income stream without significant fluctuations.
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.