Location: Archuleta County, CO | Metro: Archuleta County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,890 |
| 4 Bedrooms | $2,180 |
| 5 Bedrooms | $2,529 |
| 6 Bedrooms | $2,832 |
| 7 Bedrooms | $3,059 |
| 8 Bedrooms | $3,212 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 81128 presents a nuanced scenario for landlords and small-portfolio investors. With a median home value currently unavailable, it's crucial to analyze other indicators such as the percentage of listings that have been reduced and the median days on market (DOM). The absence of these specific metrics suggests a volatile market where property values may be fluctuating unpredictably. This volatility can lead to periods where landlords might gain pricing power if the market shifts towards a buyer's market, characterized by reduced listings and longer DOMs, indicating a decrease in demand or an increase in supply.
On the rental side, the Fair Market Rent (FMR) for ZIP 81128 stands at $1,220 for the fiscal year 2026, which provides a benchmark for rental rates in the area. However, without the current market rent figure, it's challenging to assess how rental prices compare to this standard. If the current market rent is below $1,220, landlords may find opportunities to adjust their rents upward as the market approaches the FMR level. Conversely, if market rents exceed this figure, it could signal a local rental market that is outpacing federal standards, potentially due to unique local factors or short-term anomalies.
For long-hold investors, the setup implies a cautious approach. Without concrete appreciation data, it's difficult to project robust growth in property values. The combination of uncertain home values and the lack of specific rent figures suggests that while there may be opportunities for steady income through rentals, capital appreciation should not be the primary focus. Instead, investors should consider the stability of rental income and the potential for gradual price increases as the market normalizes around the FMR.
To make informed decisions, landlords and investors must stay vigilant on local market conditions, especially regarding the median home value and DOM trends. These factors will play a critical role in determining future pricing power and the viability of long-term investment strategies in ZIP 81128.
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.