Location: Crowley County, CO | Metro: Pueblo, CO MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,060 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,700 | $170,460 | 1% | C |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP code 81062 provides insight into potential investment opportunities for landlords and small-portfolio investors. The Fair Market Rent (FMR) for a 2-bedroom apartment in this area for fiscal year 2024 is set at $1160 per month. When annualized, this translates to an annual rental income of $13,920. Using the median home value of $171,683, the implied gross yield based on the FMR would be approximately 8.1%. This calculation is derived from dividing the annual rental income by the property value.
In contrast, the market rent for a 2-bedroom apartment in ZIP 81062 is recorded at $1,092 per month according to the Census ACS data. Annualizing this figure gives an annual rental income of $13,104. The implied gross yield using the market rent is about 7.6%, calculated similarly by dividing the annual rental income by the median home value.
Given the 27.3% renter density in ZIP 81062, it is important to consider the likelihood of finding tenants willing to pay the FMR versus those who might be interested in the market rent. The FMR scenario suggests a higher gross yield, but the actual occupancy rates and tenant pool must be considered. The N/A-day DOM indicates that there is no recent data on days on market, which could mean either strong demand or a lack of available listings to gauge the market accurately.
The FMR scenario presents a more optimistic gross yield, but it is crucial to recognize that the market rent scenario reflects current market conditions more closely. Landlords should weigh the benefits of potentially higher yields under the FMR against the realities of securing and maintaining tenants at that rate. Given the limited data on DOM, investors should lean towards the market rent scenario for a more grounded assessment of potential returns.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.