Location: Las Animas County, CO | Metro: Las Animas County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 81024 within Las Animas County, CO, reveals several key points that are essential for both landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the metro area, effective in fiscal year 2026, is set at $1,100. However, due to limited data availability, the comparison against the actual market rent remains inconclusive. Despite this, the analysis suggests that voucher tenants will cashflow at the FMR rate, meaning that landlords can expect to cover their expenses and generate a profit without relying on premium units.
The median home value in this area is also not available, which makes deriving an accurate rent-to-price ratio challenging. Nevertheless, the lack of specific data on median home values and days on market (DOM) indicates a stable but potentially less competitive market for property purchases. This stability can be beneficial for investors looking to avoid rapid price fluctuations and maintain consistent returns on investment.
In terms of the overall investor angle, the strongest appeal in ZIP 81024 is likely to be cashflow. Given that voucher tenants can support a landlord's financial needs at the FMR, this presents a reliable and predictable income stream for investors. While appreciation and stability are also factors, the guaranteed income through Section 8 vouchers provides a solid foundation for investment success in this region.
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.