Location: Conejos County, CO | Metro: Conejos County, CO
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 | $770 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $217,736 | 0.47% | F |
| 3BR | $1,410 | $235,611 | 0.6% | F |
| 4BR | $1,420 | $312,566 | 0.45% | F |
U.S. Census Bureau data (2024)
ZIP code 81120, located in Antonito, Colorado, is part of Conejos County and has a unique demographic profile. With a population of 1,832 residents, it stands out due to its relatively low rental rate at 22.2%, indicating that the majority of the residents own their homes. The median household income in this area is $47,546, which is slightly below the national average, while the median home value is $223,287, reflecting a stable housing market.
The economic landscape for landlords and small-portfolio investors is influenced by the Federal Housing Administration (FHA) Fair Market Rent (FMR) guidelines. For fiscal year 2026, the FMR for a metro area encompassing ZIP 81120 is set at $1,000 per month. In contrast, the actual market rent based on Census American Community Survey (ACS) data is $813 per month. This discrepancy means that landlords who accept Section 8 vouchers can expect to receive higher rents than the current market rate, providing a financial incentive to participate in the program.
The data signature for ZIP 81120 reads as stable. The relatively high median home value and moderate income levels suggest a community that is financially secure enough to support homeownership but also has a segment of the population that benefits from affordable housing options. The difference between the FMR and the market rent indicates a healthy margin for landlords who choose to accept Section 8 vouchers, making it an attractive option for those looking to ensure steady rental income without the risk of vacancy.
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.