Location: Alamosa County, CO | Metro: Alamosa County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,360 |
| 5 Bedrooms | $2,738 |
| 6 Bedrooms | $3,067 |
| 7 Bedrooms | $3,312 |
| 8 Bedrooms | $3,478 |
U.S. Census Bureau data (2024)
The ZIP code 81146 presents a dynamic rental market that reflects broader economic trends and housing pressures. With a Fair Market Rent (FMR) of $1,220 for fiscal year 2026, the future outlook indicates a rising trend in rental costs, which contrasts with the current market rent of $805 based on Census ACS data. This gap suggests potential upward pressure on rents as the market adjusts to anticipated increases.
The median home value in ZIP 81146 stands at $368,005, indicating a relatively stable housing market with properties that are moderately priced. The lack of data on price-cut share and days on market (DOM) makes it challenging to determine if there is an immediate oversupply of rental units. However, the current market rent being below the projected FMR could imply that demand is currently strong enough to support rental prices but has not yet reached levels that would significantly drive up prices to match the FMR.
A key factor in understanding the dynamics of the rental market in 81146 is the 18.3% renter share. This percentage reveals a smaller proportion of renters compared to homeowners, which can be indicative of a market where long-term housing pressure is driven by a desire for ownership rather than renting. Landlords and small-portfolio investors should consider this trend, as it suggests a steady but not overwhelming demand for rental properties. This balance could provide opportunities for rental investments that cater to specific segments of the market, such as first-time renters or those seeking affordable housing options.
The interplay between the current market rent and the expected FMR points to a market in transition, where the rental segment is growing but still catching up to overall housing values. For investors, this means a potential for rental income growth as the market adjusts to higher rental standards set by the FMR. Additionally, the lower market rent compared to the FMR might attract new renters who find homeownership less attainable due to high median home values, thereby increasing the demand for rental properties over time.
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.