Location: Saguache County, CO | Metro: Saguache County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,060 |
| 1 Bedroom | $1,290 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,980 |
| 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)
23.7% of Crestone, CO's residents are renters, indicating a moderate demand for rental properties. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,280, which represents the maximum amount landlords can charge for a Section 8 voucher in this region. In comparison, the Census ACS reports a market rent of $1,643, suggesting that landlords could potentially receive a higher rent through traditional market channels. However, the median income of $45,156 underscores the financial constraints many local tenants face, making the stability and guaranteed payments of Section 8 vouchers particularly attractive. The median home value stands at $326,041, which is relatively high but reflects the overall cost of living in the area. With a price-cut share of only 0.2%, it appears that property values in Crestone are stable and there is little pressure on landlords to reduce their asking prices. The data does not provide a specific number for days on market (DOM), but given the low price-cut share, it suggests that properties are likely selling or renting quickly. For landlords and small-portfolio investors looking to secure steady, long-term tenants in Crestone, CO, the Section 8 program remains a viable option despite the slightly lower rent compared to the market rate.
Section 8 Verdict: Acceptable for moderate portfolio diversification.
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.