Section 8 Fair Market Rent (FMR) for ZIP 81043 - 2027

Location: Prowers County, CO | Metro: Prowers County, CO

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$750
1 Bedroom	$880
2 Bedrooms	$1,010
3 Bedrooms	$1,380
4 Bedrooms	$1,580
5 Bedrooms	$1,833
6 Bedrooms	$2,053
7 Bedrooms	$2,217
8 Bedrooms	$2,328

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$12,955

Housing Units

Renter Percentage

31.8%

Occupancy Rate

75.9%

Renter Occupied

To determine if you should buy in ZIP code 81043 for Section 8 investments, follow this decision tree:

1) Does FMR $970 (metro FY 2026) clear debt service on a property?
- If the Fair Market Rent (FMR) of $970 does not cover the total debt service of a property, then the answer is No. You cannot sustain a loss on each unit rented.
- If the FMR of $970 does cover the total debt service, proceed to the next question.
2) Is market rent above, at, or below FMR?
- If the market rent is below the FMR of $970, then the answer is No. The rental income will not be sufficient to cover costs under the Section 8 program.
- If the market rent is at or above the FMR of $970, proceed to the next question.
3) Are 31.8% renters + N/A-day Days on Market (DOM) enough demand?
- If the percentage of renters is low and the DOM is high, indicating weak demand, the answer is No. There won't be enough tenants to fill your units.
- If the percentage of renters is high and the DOM is low, indicating strong demand, the answer is Yes. You can expect a steady stream of tenants.
- If the demand is marginal, the answer is It Depends. Consider other factors such as location desirability, neighborhood safety, and property condition.

Note that the data provided indicates 31.8% of residents are renters, but the exact number of days on market (DOM) is not specified. This missing information is critical for making an informed decision. If you can obtain the DOM figure, you can better assess the demand scenario.

The Fair Market Rent (FMR) of $970 for ZIP 81043 is a key benchmark. It must be used to calculate if the rental income will cover the debt service and operational costs of the property. Without a clear understanding of the local market rent and the demand for rentals, it's impossible to give a definitive recommendation.

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.