Location: Baca County, CO | Metro: Baca County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
U.S. Census Bureau data (2024)
ZIP 81029, located in Campo, CO, serves as an ideal diversifier within a Section 8 portfolio strategy. With a median home value of $65,500, this area is significantly less expensive compared to the broader U.S. median value of $338,100. The 18.6% of homes rented out in ZIP 81029 aligns well with the national average, making it a stable option for landlords and small-portfolio investors.
The median monthly rent for a one-bedroom apartment is $600, while a studio apartment rents for $590. These figures are below the Fair Market Rent (FMR) of $1,030 for the metro area in fiscal year 2026, indicating that properties in ZIP 81029 can attract tenants who qualify for Section 8 housing assistance. The median household income in ZIP 81029 is $46,250, providing a solid foundation for the demand for affordable housing options.
ZIP 81029 is not a cash-flow anchor due to the spread between the FMR ($1,030) and the market rate ($590-$600). Instead, it offers a balance between stable rental income and the potential for property value appreciation. Over the past ten years, the appreciation rate in ZIP 81029 has been 136.6%, exceeding the national average of 101.1%. This suggests that the area could be a good investment for those willing to hold properties long-term.
ZIP 81029's role as a diversifier is further supported by its low median home age (68 years) and high percentage of vacant housing (33.2%). These characteristics provide opportunities for both renovation projects and the acquisition of underutilized properties. The combination of these factors makes ZIP 81029 a strategic choice for expanding a Section 8 portfolio, balancing risk and reward.
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.