Location: Conejos County, CO | Metro: Conejos County, CO
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 81129 presents several challenges for landlords considering Section 8 investments. Tenant turnover is a significant concern due to the discrepancy between market rents and the Fair Market Rent (FMR) of $1,000 set by HUD for FY 2026. The lack of specific market rent data suggests that local rental prices may exceed this figure, leading to higher turnover rates among tenants who cannot afford market rents once their vouchers expire.
Vacancy exposure is another critical risk factor. With an unspecified number of days on the market (DOM), it indicates a potential difficulty in filling vacancies quickly. This can result in prolonged periods without rental income, increasing financial strain on the property owner.
The absence of specific data regarding the typical home value and median income further complicates the analysis. Without these figures, it's challenging to assess the likelihood of deferred maintenance issues, which can be costly if residents have limited funds to cover repairs beyond routine upkeep.
Despite these risks, the high renter share of 78.9% in ZIP 81129 points to robust demand for rental properties, including those that accept Section 8 vouchers. High renter concentration often correlates with a higher number of individuals and families seeking housing assistance, making it easier to find qualified tenants who can utilize vouchers.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.