Location: Colorado Springs, CO | Metro: Colorado Springs, CO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,130 |
| 1 Bedroom | $1,380 |
| 2 Bedrooms | $1,620 |
| 3 Bedrooms | $2,240 |
| 4 Bedrooms | $2,570 |
| 5 Bedrooms | $2,981 |
| 6 Bedrooms | $3,339 |
| 7 Bedrooms | $3,606 |
| 8 Bedrooms | $3,786 |
The analysis of ZIP code 80935 in Colorado Springs, CO reveals several key points regarding its suitability for Section 8 real estate investment.
The first question concerns whether the rent math works. The Fair Market Rent (FMR) for ZIP 80935 in fiscal year 2024 is set at $1730. However, the lack of available market rent data means we cannot directly compare it against current market rates. This absence of market rent data poses a challenge in assessing the profitability of renting properties at the FMR rate without knowing the typical rental prices in the area.
Regarding the affordability of property acquisition, the data is incomplete. With no median home value, days on market (DOM), or percentage of price cuts shared, it's impossible to gauge how easy or difficult it might be to purchase properties at a reasonable cost. Landlords and small-portfolio investors would need additional data to determine if the area offers affordable entry points into the real estate market.
Tenant demand can also be assessed only partially due to missing population and renter share percentages. Without these figures, understanding the size of the potential tenant pool and their willingness to rent remains unclear. This information is crucial for predicting occupancy rates and long-term sustainability of rental income.
Verdict: ZIP 80935 presents an opportunity for Section 8 real estate investment, but the lack of critical market data—such as median home values, days on market, typical rental prices, and tenant demographics—makes it difficult to provide a comprehensive analysis. To proceed confidently, investors should seek out supplementary local market research to fill these data gaps. The FMR of $1730 provides a benchmark for rental pricing, but without comparative market rent data, the financial viability remains uncertain. Similarly, the absence of data on property acquisition costs and tenant demand means that further investigation is necessary before making any investment decisions.
Data Sources: FMR data from HUD (2027).
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.