Location: Prowers County, CO | Metro: Baca County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
U.S. Census Bureau data (2024)
The ZIP code 81090 is primarily characterized by a relatively small population of 829 individuals. With 29.4% of the residents being renters, it suggests that while there is a significant portion of the population who might be interested in rental properties, the overall number of potential renters is limited.
The median household income in this area stands at $46,389, which provides a benchmark for assessing the affordability of housing. The market rent of $583 is notably lower than the Fair Market Rent (FMR) of $1,090 for FY 2026, indicating that the rental market in ZIP 81090 is below the federal standard, potentially offering a more affordable option for tenants.
To put the market rent into perspective, it consumes approximately 12.6% of the median household income ($583/$46,389 * 100). This percentage is significantly lower than what is typically seen in areas with higher FMRs, suggesting that renters in this ZIP code have a better ability to cover their housing costs without overextending their budgets.
The FMR of $1,090 is substantially higher than the market rent, implying that Section 8 vouchers could provide substantial support to tenants in this area. Landlords should expect tenants who are likely to rely on these vouchers to manage their housing expenses effectively, given the gap between the FMR and the actual market rent.
A landlord in ZIP 81090 can anticipate a tenant pool that is economically diverse but generally has a modest income level. The presence of Section 8 vouchers can be beneficial for securing long-term tenancy with reliable rent payments, considering the relatively low market rent compared to the FMR.
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.