Section 8 Fair Market Rent (FMR) for ZIP 80911 - 2027

Location: Colorado Springs, CO | Metro: Colorado Springs, CO HUD Metro FMR Area

Investment Score for ZIP 80911

Monthly Rent (2BR)

$1,670

Median Price (2BR)

$283,895

1% Rule

0.59%

Annual Yield

7.06%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,160
1 Bedroom	$1,420
2 Bedrooms	$1,670
3 Bedrooms	$2,310
4 Bedrooms	$2,650
5 Bedrooms	$3,074
6 Bedrooms	$3,443
7 Bedrooms	$3,718
8 Bedrooms	$3,904

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,670	$283,895	0.59%	F
3BR	$2,310	$345,521	0.67%	D
4BR	$2,650	$384,759	0.69%	D
5BR	$3,074	$423,635	0.73%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

33,027

Median Household Income

$87,093

Housing Units

12,576

Renter Percentage

14.3%

Occupancy Rate

96.3%

Renter Occupied

1,729

The Security-Widefield area, located in ZIP code 80911, is part of Colorado Springs, CO, and offers a mix of residential neighborhoods and suburban living. The region is characterized by its growing population and expanding job market, making it an attractive location for both residents and investors.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 80911 for fiscal year 2024 is set at $1,900, providing a benchmark for rental pricing in the area.
The market rent, as indicated by the Zillow Observed Rent Index (ZORI), stands at $2,115 for a typical two-bedroom unit, slightly above the FMR, reflecting the local demand for rental properties.
The median home value in the area is $372,777, indicating a relatively stable housing market with moderate appreciation potential.
Renters make up 14.3% of the local housing market, suggesting a significant but not overwhelming reliance on rental properties.
The Days on Market (DOM) for rental listings is 39 days, which is a reasonable period that does not suggest over-saturation or severe vacancy issues.
The median household income in ZIP 80911 is $87,093, providing a solid economic foundation for the rental market and supporting higher-end units.

Synthesizing these points, investors should find the Security-Widefield area appealing due to its balanced rental market, with market rents slightly exceeding FMRs, and a moderate percentage of renters. The relatively short DOM indicates a steady demand for rental properties, while the median income supports the viability of higher-priced units. However, the lower renter share suggests that there might be limits to growth in the rental sector, making it important for investors to focus on quality and efficiency in property management to ensure profitability.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.