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 ZIP Code 80960 is located in Colorado Springs, CO, within El Paso County. It is classified as a PO Box ZIP Code, which means it may not contain complete population data. Despite this, we can still analyze the economic viability of investing in this area through the lens of Section 8 housing.
The Fair Market Rent (FMR) for ZIP Code 80960 is set at $1730 for the fiscal year 2024. While specific market rent figures are not available, the FMR provides a benchmark for rental prices that align with government-assisted housing programs.
Given that 80960 is a PO Box ZIP Code, it's essential to consider the broader context of Colorado Springs when evaluating investment potential. The neighborhood likely includes a mix of urban and suburban characteristics, suitable for both hands-off voucher operators and hands-on value-add buyers.
For hands-off voucher operators, the stable demand for affordable housing in Colorado Springs ensures a steady stream of tenants. However, for value-add buyers looking to improve property values, the lack of detailed population and income data makes it challenging to assess the exact potential for appreciation.
Conclusion: ZIP Code 80960 is a viable investment for those interested in Section 8 properties due to its alignment with the FMR. Landlords and small-portfolio investors should consider the broader market conditions in Colorado Springs and be prepared for either a hands-off approach or a more engaged strategy depending on their goals.
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.