Location: Las Animas County, CO | Metro: Las Animas County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The ZIP code 81049 is characterized by a significant portion of its population being renters, with 38.5% of the residents renting their homes. This indicates a substantial demand for rental properties, suggesting that landlords can benefit from the presence of Section 8 tenants who often rely on housing vouchers to secure accommodation.
The median household income in this area is $44,904, which is crucial when considering the affordability of market rents for potential tenants. Although specific market rent figures are not provided, we can infer that typical rents should align closely with the Fair Market Rent (FMR) established by HUD, which is set at $1,100 for the metro area in fiscal year 2026. Given the median income, this would mean that approximately 29% of the average household's income is allocated towards rent, assuming a standard FMR guideline. This percentage is within a reasonable range for housing affordability but still represents a significant portion of disposable income.
In comparing the local income to the FMR, it becomes evident that the housing voucher program plays a vital role in enabling low-income families to afford decent housing. The $1,100 FMR is designed to ensure that voucher holders can find suitable rental units without exceeding 30% of their adjusted income. Landlords in ZIP 81049 should anticipate a tenant pool primarily composed of low to moderate-income individuals and families who are likely to be reliant on Section 8 vouchers for their rent payments.
The tenant profile expected here includes a mix of single individuals and families who are seeking stable housing solutions. These tenants will most likely have a demonstrated need for financial assistance due to their income levels, making them eligible for the Section 8 program. It is important for landlords to understand the requirements and regulations associated with accepting Section 8 tenants, including the necessity to maintain properties to certain standards and the process of dealing with housing authorities.
In conclusion, ZIP 81049 presents a favorable environment for landlords interested in accommodating Section 8 tenants, with a considerable share of the population being renters and the median income aligning well with the FMR guidelines. Landlords should prepare for a tenant base that is largely dependent on housing vouchers to meet their rental obligations.
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.