Location: Pueblo, CO | Metro: Pueblo, CO MSA
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 | $840 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $940 | $85,043 | 1.11% | B |
| 2BR | $1,210 | $157,007 | 0.77% | D |
| 3BR | $1,540 | $231,953 | 0.66% | D |
| 4BR | $1,810 | $301,649 | 0.6% | D |
| 5BR | $2,100 | $361,501 | 0.58% | F |
U.S. Census Bureau data (2024)
The ZIP code 81001, located in Pueblo, Colorado, is a renter-heavy area with significant voucher demand. With a population of 31,197, nearly 45% of residents are renters, indicating a substantial market for rental properties. The median household income stands at $48,417, which directly influences the affordability of housing in the area.
The typical market rent of $1,157 represents approximately 24% of the median household income. This percentage highlights that while rent is a considerable expense, it remains within a manageable range for many residents. Comparatively, the Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,130, closely aligning with the actual market rent. This parity suggests that the rental market in Pueblo is well-calibrated to the financial capabilities of its residents.
Given these figures, landlords in ZIP 81001 can expect a tenant pool that heavily relies on rental assistance programs such as Section 8 vouchers. These tenants will likely have their rent subsidized, making up a significant portion of the rental market. Landlords should prepare to work with the Housing Choice Voucher program, ensuring compliance with HUD regulations and maintaining property standards expected by the program.
In conclusion, ZIP 81001 is characterized by a high concentration of renters, strong demand for rental vouchers, and a median income level that supports but challenges the ability to pay market rents. The expected tenant profile includes individuals and families who benefit from Section 8 vouchers, emphasizing the importance of understanding and adhering to the requirements of the Housing Choice Voucher program.
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.