Location: Bent County, CO | Metro: Bent County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 81057, as set by the Department of Housing and Urban Development (HUD) for metro FY 2026, is $1,030. This figure represents the payment standard for Section 8 vouchers in your area, which is the maximum amount the program will pay towards a tenant's rent. It does not mean you can charge $1,030 for rent; rather, it is the benchmark HUD uses to determine how much voucher holders can be expected to contribute.
In comparison, the average rent in ZIP 81057, according to the Census Bureau's American Community Survey (ACS), is $963. This indicates that the FMR slightly exceeds the local average, potentially offering a modest buffer for landlords participating in the Section 8 program.
The 26.3% share of renters in the area suggests a moderate demand for rental properties. Given this percentage, there are enough potential tenants who might qualify for the Section 8 program to fill vacancies. However, it's important to note that this percentage also implies a significant portion of the population owns their homes, which could affect the overall rental market dynamics.
The median home value in ZIP 81057 is approximately $185,910. For those considering purchasing a property to use as a rental unit, this figure provides a baseline for the acquisition cost. While this is the median, actual costs can vary based on the condition and location of the property.
Before making a decision to accept a Section 8 tenant, verify that your property meets HUD's housing quality standards. These standards ensure that the rental unit is safe, decent, and sanitary for the tenant, and failing to meet these criteria can result in reduced payments or termination from the program.
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.