Location: Saguache County, CO | Metro: Saguache County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
U.S. Census Bureau data (2024)
The ZIP code 81155 presents several challenges for landlords considering Section 8 investments. Tenant turnover is likely to be higher due to the significant gap between the market rent of $799 and the Fair Market Rent (FMR) of $1,120 for the fiscal year 2026, which is set for the metro area. This disparity suggests that tenants might find it difficult to afford higher rents outside of the subsidized program, leading to increased churn rates.
Vacancy exposure is another concern, as the Days on Market (DOM) figure is not available. However, with a typical home value of $342,749 and a median income of $75,000, potential landlords should expect higher maintenance costs relative to the income levels. Deferred maintenance can become a significant issue if the property is not kept up to standards, which could lead to further financial strain and reduced property values over time.
Despite these risks, the high renter share of 37.5% in ZIP 81155 indicates a robust demand for rental properties, including those that accept Section 8 vouchers. High renter density often correlates with higher voucher demand, providing a steady stream of potential tenants who can afford the rent through government assistance.
In conclusion, the risks associated with Section 8 investments in ZIP 81155 include higher tenant turnover, uncertain vacancy exposure, and the potential for deferred maintenance issues. These factors must be weighed against the strong demand for rentals. The overall assessment for a first-time Section 8 landlord in this area is moderate risk.
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.