Section 8 Fair Market Rent (FMR) for ZIP 81007 - 2027

Location: Pueblo, CO | Metro: Pueblo, CO MSA

Investment Score for ZIP 81007

Monthly Rent (2BR)

$1,520

Median Price (2BR)

$315,023

1% Rule

0.48%

Annual Yield

5.79%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,060
1 Bedroom	$1,180
2 Bedrooms	$1,520
3 Bedrooms	$1,940
4 Bedrooms	$2,280
5 Bedrooms	$2,645
6 Bedrooms	$2,962
7 Bedrooms	$3,199
8 Bedrooms	$3,359

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,520	$315,023	0.48%	F
3BR	$1,940	$378,886	0.51%	F
4BR	$2,280	$419,610	0.54%	F
5BR	$2,645	$480,413	0.55%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

35,690

Median Household Income

$96,713

Housing Units

13,036

Renter Percentage

12.7%

Occupancy Rate

97.7%

Renter Occupied

1,611

The ZIP code 81007, located in Pueblo, Colorado, offers a unique blend of affordability and accessibility, making it an attractive market for both residents and real estate investors. The area is characterized by a mix of industrial and residential zones, providing diverse opportunities for investment.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 81007 for fiscal year 2024 is set at $1440, indicating the government's benchmark for rental pricing.
The Zillow Observed Rent Index (ZORI) shows that the average market rent for properties in this ZIP code stands at $1,665, suggesting that rents are slightly above the FMR and reflect the actual rental market conditions.
The median home value in 81007 is $394,649, which is a key figure for understanding the overall property values in the area.
Renters make up 12.7% of the housing market in this ZIP code, a relatively low percentage that might indicate a preference for homeownership among residents.
The days on market (DOM) for properties in 81007 is 64 days, which is a moderate duration that could be influenced by seasonal factors or the type of properties being sold.
The median household income in this area is $96,713, offering insight into the economic stability and potential purchasing power of the local population.

Synthesizing these points, investors looking to enter the Pueblo, CO market should note that while rental prices are slightly above the government's benchmark, they remain competitive compared to the median home value. The moderate days on market suggest a balanced real estate market, neither overly saturated nor lacking in demand. Given the median income, there is a solid foundation for rental income stability, though the relatively low renter share might also present opportunities for those interested in the home-buying segment of the market.

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.