Location: Huerfano County, CO | Metro: Huerfano County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
U.S. Census Bureau data (2024)
The Section 8 program in ZIP code 81040 offers a payment standard of $1,110 per month for the metro area in fiscal year 2026. This figure represents the maximum amount the government will pay towards rent for a tenant enrolled in the program, but it does not mean you can charge $1,110 to your tenants. The actual rent you set must be reasonable compared to market rates for similar properties.
In ZIP 81040, there is currently no available data on the average market rent, which makes it challenging to compare directly with the Section 8 payment standard. However, the 5.6% renter share indicates that nearly 6 out of every 100 residents are likely to be looking for rental housing, suggesting a moderate demand for rental units. This demand could translate into a steady stream of potential tenants who qualify for the Section 8 program.
If you're considering purchasing a property to use as a Section 8 rental, the median home value of $322,801 gives you an idea of the acquisition cost. With the government covering a portion of the rent through the payment standard, this can help ensure a more stable cash flow and lower vacancy risks compared to market-rate rentals.
To proceed with confidence, verify that the property meets all the required safety and health standards set by HUD before signing up for the Section 8 program. These standards are non-negotiable and must be met to ensure compliance and avoid any penalties or contract termination.
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.