Section 8 Fair Market Rent (FMR) for ZIP 81124 - 2027

Location: Conejos County, CO | Metro: Conejos County, CO

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$750
1 Bedroom	$920
2 Bedrooms	$1,010
3 Bedrooms	$1,400
4 Bedrooms	$1,400
5 Bedrooms	$1,624
6 Bedrooms	$1,819
7 Bedrooms	$1,965
8 Bedrooms	$2,063

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

259

Median Household Income

$88,793

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 81124, located in Montrose, Colorado, is characterized by its rural setting and low population density. This area offers a unique opportunity for real estate investors looking to explore less crowded markets with potentially lower competition.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970.
The median home value in the area is not available, indicating that there might be limited residential property transactions or data.
The renter share of the population is 0.0%, suggesting that the majority of residents own their homes rather than renting.
The median income for the area is $88,793, which is above the national average and could support higher rental rates or property values if the market were more established.
The days on market (DOM) for properties is not available, implying either a very quick or slow market, depending on the context.

The low renter share and unavailability of certain key metrics such as market rent and median home value indicate that 81124 is primarily a homeowner's market with limited rental activity. The relatively high median income suggests potential for growth in both property values and rental incomes should the market expand. However, the lack of data on market rent and DOM highlights the need for caution and thorough local market research before investing. For landlords and small-portfolio investors, this ZIP code presents a niche opportunity where demand for rentals is currently minimal but could become significant if the area experiences development or an influx of new residents.

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.