Section 8 Fair Market Rent (FMR) for ZIP 81126 - 2027
Location: Costilla County, CO | Metro: Costilla County, CO
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $750 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$52,870
To determine if you should buy in ZIP code 81126 for Section 8 investment, follow this decision tree:
- Does FMR $970 (metro FY 2026) clear debt service on a property?
- If the property's debt service is less than $970, then Yes. The Fair Market Rent (FMR) covers the cost.
- If the property's debt service exceeds $970, then No. The FMR does not sufficiently cover the expenses.
- Is market rent above, at, or below FMR?
- If market rent is above $970, then Yes. This indicates that the property can be rented out at a higher rate than the FMR, providing additional income.
- If market rent is exactly $970, then It Depends. The market rent matches the FMR, so the profitability will depend on other factors such as vacancy rates and operating costs.
- If market rent is below $970, then No. Relying solely on Section 8 would not be financially beneficial.
- Are 15.0% renters and N/A-day Days on Market (DOM) enough demand?
- If the Days on Market (DOM) is low, indicating quick rental turnover, and the percentage of renters is at least 15%, then Yes. There is sufficient demand to support a Section 8 investment.
- If the DOM is high, suggesting slow rental turnover, then No. The demand is insufficient to ensure consistent occupancy.
- If the percentage of renters is significantly lower than 15%, then No. There is not enough rental activity to justify the investment.
- If the DOM is moderate and the percentage of renters is around 15%, then It Depends. Consideration must be given to the specific market conditions and competition.
Note: Due to missing data points, some branches cannot provide a definitive answer without further information on the specific property's debt service and the exact Days on Market figure.
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.