Location: Pueblo, CO | Metro: Colorado Springs, CO HUD Metro FMR Area
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 | $1,150 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,650 |
| 3 Bedrooms | $2,110 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,650 | $244,736 | 0.67% | D |
| 3BR | $2,110 | $313,145 | 0.67% | D |
| 4BR | $2,470 | $353,972 | 0.7% | D |
U.S. Census Bureau data (2024)
The ZIP code 81008 in Pueblo, CO stands out due to its unique demographic and economic characteristics. With a total population of 11,608, it has a significant rental market share at 34.2%, indicating that a notable portion of residents rely on rental properties. The median income here is $69,925, which is relatively modest compared to other urban areas, yet the median home value is impressively high at $313,758. This suggests a strong local real estate market despite the moderate income levels.
Landlords and small-portfolio investors should take note of the Federal Market Rent (FMR) and Zillow Rent Index (ZORI) figures for this area. For fiscal year 2024, the FMR for ZIP 81008 is set at $1,510, whereas the ZORI indicates a market rent of $1,752. This gap between the FMR and market rent means that landlords who accept Section 8 vouchers will receive slightly below-market rents, but still have a reliable source of income guaranteed by the government.
The data signature for ZIP 81008 reads as stable. Despite the modest median income, the high median home value and substantial rental market indicate a consistent demand for housing. This stability is further reinforced by the predictable nature of Section 8 vouchers, which provide a steady stream of tenants and rental income. For investors looking for a secure investment in a stable market, Pueblo's ZIP 81008 offers an attractive opportunity.
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.