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 | $1,030 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $1,890 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,490 | $180,461 | 0.83% | C |
| 3BR | $1,890 | $295,967 | 0.64% | D |
U.S. Census Bureau data (2024)
ZIP 81022, located in Boone, CO within the Pueblo, CO MSA metro area, can serve as a cash-flow anchor in a Section 8 portfolio strategy. The Federal Market Rent (FMR) for ZIP 81022 in fiscal year 2024 is set at $1,340, which is slightly below the market rate of $1,380. This indicates that while properties in this ZIP code won't generate the highest possible rental income, they will still be competitive in the local market.
The median home value in ZIP 81022 is $260,203, providing a stable base for investment. Landlords and small-portfolio investors can rely on consistent cash flow from properties here due to the close alignment between FMR and market rates. This ZIP code offers a reliable source of income without the volatility associated with higher-priced markets.
Furthermore, the renter share in ZIP 81022 is 18.2%, and the median income is $60,481. These figures suggest a moderate demand for rental housing, balanced by an income level that supports the rental rates. While there isn't a significant percentage of price-cut share or days on market (DOM), indicating limited potential for rapid appreciation, the stability offered by these factors makes ZIP 81022 an ideal choice for anchoring a portfolio's cash flow.
In summary, ZIP 81022 should be considered a cash-flow anchor in a Section 8 portfolio strategy. The $40 difference between the FMR and market rates ensures steady, predictable income, and the median home value provides a solid foundation for long-term investment. Although not a high-growth area, the reliability and stability of ZIP 81022 make it a valuable component of any diversified Section 8 portfolio.
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.