Location: Archuleta County, CO | Metro: Archuleta County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,510 |
| 3 Bedrooms | $1,940 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
U.S. Census Bureau data (2024)
The market snapshot for ZIP code 81121 reveals a dynamic rental environment, particularly under the purview of Section 8. The Fair Market Rent (FMR) for the area is set at $1,320 for fiscal year 2026, indicating a benchmark that landlords must consider when setting their rental rates. Despite the absence of specific current market rent figures, the fact that the FMR is defined suggests a level of government intervention aimed at ensuring affordability.
A notable aspect of the ZIP 81121 rental market is the 11.1% share of renters who rely on Section 8 vouchers. This percentage points towards a segment of the population facing long-term housing pressure, necessitating financial assistance to secure living spaces. The reliance on Section 8 suggests a persistent need for affordable housing options, which can influence the overall rental landscape and potentially indicate areas where demand might be strong among those seeking subsidized housing.
The lack of data on price-cut shares and days on market (DOM) makes it challenging to definitively state whether supply outpaces demand or vice versa. However, given the defined FMR and the significant portion of renters using Section 8 vouchers, it's reasonable to infer that there is a considerable demand for affordable housing units. Landlords in ZIP 81121 should be aware of these dynamics and consider the potential for steady occupancy rates among tenants who benefit from rental subsidies.
While the median home value is not provided, the focus on rental dynamics suggests a market where renting is a prominent choice for many residents. This could be due to various factors including affordability concerns, job mobility, or lifestyle preferences. For small-portfolio investors, understanding these underlying trends is crucial for making informed decisions about property investments and management strategies in ZIP 81121.
In conclusion, ZIP 81121 presents a rental market influenced by the presence of a substantial number of voucher holders, pointing to ongoing pressures for affordable housing. The defined FMR of $1,320 for fiscal year 2026 serves as a key reference point for landlords and investors navigating this market. The dynamics suggest a demand-driven environment, particularly among those seeking subsidized housing solutions.
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.