Section 8 Fair Market Rent (FMR) for ZIP 81064 - 2027

Location: Las Animas County, CO | Metro: Baca County, CO

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$820
1 Bedroom	$850
2 Bedrooms	$1,080
3 Bedrooms	$1,480
4 Bedrooms	$1,670
5 Bedrooms	$1,937
6 Bedrooms	$2,169
7 Bedrooms	$2,343
8 Bedrooms	$2,460

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

298

Median Household Income

$N/A

Housing Units

153

Renter Percentage

25.9%

Occupancy Rate

88.2%

Renter Occupied

The ZIP code 81064, located in Montrose, Colorado, is a small community that offers a unique blend of rural charm and suburban convenience. Nestled in the heart of the state, it is characterized by its natural beauty and close-knit community, making it an attractive location for those seeking a quieter lifestyle. For real estate investors, particularly those interested in the Section 8 housing program, understanding the local rental market dynamics is crucial.

The Fair Market Rent (FMR) for ZIP 81064, as set by HUD for the metro area in fiscal year 2026, is $1,190. This figure represents the maximum allowable rent for a two-bedroom apartment under the Section 8 program, indicating the potential income landlords can expect from subsidized tenants.
The average market rent for properties in this area, according to the Census Bureau's American Community Survey, is $479. This lower figure suggests that the unsubsidized rental market may offer less income compared to the Section 8 rates, making participation in the program potentially more lucrative.
The median home value in ZIP 81064 is currently not available, which might indicate a lack of recent sales data or a small number of transactions. However, this does not necessarily reflect poorly on the investment potential, as it could mean the market is stable with fewer fluctuations.
Renters make up 25.9% of the population in this ZIP code. This percentage shows a significant portion of the community relies on rental housing, creating demand for both subsidized and unsubsidized units.
The Days on Market (DOM) for listings in this area is not available, which could suggest that property listings either move quickly once listed or there is limited data on recent transactions. A low DOM would be favorable for investors looking to minimize holding costs.
The median household income for ZIP 81064 is also not available, but given the context of a rural area, it is likely that many residents qualify for the Section 8 program, ensuring a steady stream of eligible tenants.

Synthesizing these points, ZIP 81064 presents a viable opportunity for landlords and small-portfolio investors interested in the Section 8 program. The higher FMR compared to the market rent indicates a financial advantage for participating in the program. With a substantial renter share, there is a consistent demand for rental properties, and the potential for quick sales or rentals, as suggested by the unknown but possibly low DOM, can help reduce the time and cost associated with property management. While the absence of certain data points like median home value and median income introduces some uncertainty, the overall framework supports a positive outlook for those willing to invest in this community.

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.