Section 8 Fair Market Rent (FMR) for ZIP 80930 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The ZIP code 80930, located in Colorado Springs, Colorado, is a vibrant area with a strong military presence and access to outdoor recreational activities, making it attractive to both residents and investors. The mix of young professionals and families contributes to a steady demand for rental properties, which can be leveraged by savvy landlords and small-portfolio investors.

• Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 80930 for fiscal year 2024 is set at $2270. This figure represents the maximum amount that a low-income family should pay for housing and indicates the overall rental price level in the area.
• The average market rent for a two-bedroom apartment in 80930 is $2,220 according to the latest Census American Community Survey data. This closely aligns with the FMR, suggesting that the rental market is stable and competitive.
• The median income in ZIP 80930 is $90,467. This relatively high median income supports a robust rental market, as many residents prefer to allocate their funds towards other expenses rather than purchasing a home.
• Renters make up 70.3% of the population in 80930. This significant share of renters underscores the potential profitability of rental investments in the area, especially for those targeting the military and young professional demographics.
• The median home value is not available for ZIP 80930. This could indicate a primarily rental-focused market, further supporting the idea that rental properties are a better investment opportunity than homes for sale in this area.
• The days on market (DOM) for rental listings is not specified for ZIP 80930. However, given the strong rental demand, it's reasonable to assume that properties are leased quickly once listed.

Investors looking to enter the rental market in ZIP 80930 will find a stable environment with consistent rental prices and a high percentage of renters. The proximity to military bases and the appeal of outdoor activities draw in tenants who can afford higher rents due to the area's median income. With limited data on home values and days on market, the focus should remain on rental properties, which offer a reliable and potentially lucrative investment opportunity.

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.