Location: Colorado Springs, CO | Metro: Colorado Springs, CO HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,370 |
| 1 Bedroom | $1,680 |
| 2 Bedrooms | $1,970 |
| 3 Bedrooms | $2,730 |
| 4 Bedrooms | $3,130 |
| 5 Bedrooms | $3,631 |
| 6 Bedrooms | $4,067 |
| 7 Bedrooms | $4,392 |
| 8 Bedrooms | $4,612 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,970 | $313,202 | 0.63% | D |
| 3BR | $2,730 | $411,541 | 0.66% | D |
| 4BR | $3,130 | $468,414 | 0.67% | D |
| 5BR | $3,631 | $513,274 | 0.71% | D |
U.S. Census Bureau data (2024)
The real estate market in ZIP 80922, Colorado Springs, CO, presents a nuanced landscape that balances both stability and opportunity for landlords and small-portfolio investors. The median home value stands at $448,974, reflecting a robust housing sector. However, only 0.3% of listings have seen reductions, indicating a strong seller's market where homes are generally holding their value. This is further supported by a median Days on Market (DOM) of 42 days, suggesting that homes are selling relatively quickly, which bolsters the pricing power of sellers.
The data collectively signals a market where pricing power will likely remain stable over the next 12-24 months. With minimal price reductions and quick sales, there is little pressure to lower asking prices, allowing sellers to maintain or even slightly increase their prices as demand persists. This scenario is particularly beneficial for landlords who can leverage the strong housing market to potentially raise rents, especially if they offer properties that are in high demand due to location or amenities.
On the rental side, the Forward Monthly Rent (FMR) for ZIP 80922 is projected at $2,270 for fiscal year 2024, compared to the current Zillow Observed Rental Index (ZORI) of $1,931. This suggests a potential upward trend in rental prices, aligning with the overall market conditions. Landlords can anticipate increased rental income as the market adjusts towards the higher FMR levels, provided they manage their properties effectively to attract tenants willing to pay more.
For long-term investors, the realistic appreciation thesis is anchored in the steady growth implied by the FMR projections and the resilient housing values. While the immediate signs point to a stable market rather than explosive growth, the sustained demand and limited supply pressures suggest that property values will continue to appreciate gradually. This makes ZIP 80922 a solid choice for those looking to build long-term wealth through real estate investments, balancing the risk with the potential for steady returns.
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.