Section 8 Fair Market Rent (FMR) for ZIP 80913 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,320
1 Bedroom	$1,610
2 Bedrooms	$1,890
3 Bedrooms	$2,620
4 Bedrooms	$3,010
5 Bedrooms	$3,492
6 Bedrooms	$3,911
7 Bedrooms	$4,224
8 Bedrooms	$4,435

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,586

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

N/A

Renter Occupied

The economics of Section 8 in ZIP code 80913 are straightforward. For a two-bedroom apartment, the SAFMR (Small Area Fair Market Rent) is set at $2110 for fiscal year 2024. This figure is specific to this ZIP code, meaning it reflects the rental rates unique to 80913.

To understand how much a landlord will receive from a Section 8 voucher, consider the following breakdown:

Tenant Portion: Typically, tenants pay 30% of their adjusted income towards rent. If we assume an average adjusted income of $1406.67 (which yields a tenant contribution of $422), this amount must be deducted from the total SAFMR.
Voucher Payment: The remaining balance, after subtracting the tenant's portion, is paid by the housing authority. In this case, that would be $2110 - $422 = $1688.
Utility Allowances: Utility allowances are separate from the rent reimbursement and vary based on the size of the unit and local costs. However, these do not directly impact the rent reimbursement calculation.

In ZIP 80913, the typical reimbursement gap or surplus can be calculated by comparing the SAFMR with the local market rent. Since the local market rent is listed as N/A, we cannot provide a precise comparison. However, if the local market rent is below the SAFMR, landlords may find themselves receiving slightly more than the market rate, thus creating a surplus. Conversely, if the market rent exceeds the SAFMR, there would be a reimbursement gap where landlords might need to subsidize the difference to remain competitive.

To summarize, in ZIP 80913, a landlord renting out a two-bedroom apartment under a Section 8 voucher program can expect to receive $1688 from the housing authority, assuming the tenant contributes $422 based on a hypothetical adjusted income. This economic framework helps landlords understand their financial expectations when participating in the Section 8 program.

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.