Section 8 Fair Market Rent (FMR) for ZIP 81092 - 2027

Location: Prowers County, CO | Metro: Bent County, CO

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$820
1 Bedroom	$940
2 Bedrooms	$1,110
3 Bedrooms	$1,510
4 Bedrooms	$1,720
5 Bedrooms	$1,995
6 Bedrooms	$2,234
7 Bedrooms	$2,413
8 Bedrooms	$2,534

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

761

Median Household Income

$66,719

Housing Units

322

Renter Percentage

20.5%

Occupancy Rate

91.0%

Renter Occupied

The ZIP code 81092, located in the heart of the San Luis Valley in Colorado, offers a unique blend of rural charm and economic stability. This area is known for its agricultural heritage and natural beauty, attracting both residents and visitors alike. For landlords and small-portfolio investors looking to enter or expand in this market, understanding the current rental landscape and housing values is crucial.

The Fair Market Rent (FMR) for a one-bedroom apartment in the metro area for fiscal year 2026 is set at $1,050, providing a benchmark for rental pricing.
The actual market rent, as reported by the Census Bureau's American Community Survey (ACS), stands at $938, indicating a slight premium over the FMR for those who can offer desirable amenities.
The median home value in the area is $200,053, making it accessible for first-time homeowners and investors alike.
Renters make up 20.5% of the housing market, showing a significant portion of the population that relies on rental properties.
While the Days on Market (DOM) for properties is not available, the high percentage of renters suggests steady demand for rental units.
The median household income in the area is $66,719, which supports the ability of tenants to afford rents that align closely with the FMR.

Investors in ZIP code 81092 can expect a stable rental market with fair competition. The gap between the FMR and the actual market rent provides opportunities for landlords to increase their rental rates slightly above the benchmark if they can justify it with better quality or location. Given the median home value and the percentage of renters, there is a strong demand for rental properties, which should continue to support investment in this sector. However, the lack of specific data on the Days on Market for rental properties indicates a need for further research into local real estate trends before making significant investments.

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.