Location: Lincoln County, CO | Metro: Kiowa County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
U.S. Census Bureau data (2024)
The ZIP code 81021 is located in a small community within Colorado, characterized by a modest population of approximately 12,000 residents. The area has a significant rental market, with 37.5% of the residents being renters. Despite the lack of specific data on median income and median home value, the presence of a substantial rental sector suggests a diverse demographic, likely including families and individuals seeking affordable housing options.
Moving into the economic landscape of renting in 81021, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,080. This figure represents the benchmark for rental pricing in the area, established by HUD for Section 8 purposes. However, the absence of specific market rent data makes it challenging to compare the FMR against local conditions. Typically, in areas where the FMR closely aligns with the market rent, Section 8 vouchers can effectively cover the cost of living without significant financial strain on landlords.
Given the available data, ZIP 81021 appears to be suitable for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the stability offered by Section 8 vouchers ensures a steady stream of income without the need for active management. On the other hand, value-add buyers might find opportunities to improve properties and potentially command higher rents once market data becomes clearer, though they would need to ensure their investments do not exceed the $1,080 FMR for Section 8 eligibility.
Landlords and small-portfolio investors should consider the long-term benefits of operating in a stable rental market supported by government subsidies. Additionally, they should keep an eye on future updates regarding median income and home values to make informed decisions about property improvements and potential rent increases.
Data Sources: FMR data from HUD (2027). 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.