Location: Fremont County, CO | Metro: Fremont County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,070 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $2,240 |
| 5 Bedrooms | $2,598 |
| 6 Bedrooms | $2,910 |
| 7 Bedrooms | $3,143 |
| 8 Bedrooms | $3,300 |
The analysis for ZIP code 81215 in Colorado focuses on the potential for Section 8 properties, specifically two-bedroom units. The Fair Market Rent (FMR) for a two-bedroom unit, as determined by HUD for fiscal year 2026, is set at $1,240 per month. This figure represents the annualized rental income a landlord can expect from a Section 8 tenant in this area.
Given that the median home value and market rent for the area are not available, it's challenging to provide a precise gross yield comparison. However, we can infer some insights based on the FMR alone. The gross yield for a Section 8 property in ZIP 81215 would be derived from the monthly payment of $1,240, which equates to an annual income of $14,880. Without the median home value, we cannot calculate the exact percentage yield, but this provides a baseline for expected income.
In contrast, the lack of market rent data means we cannot directly compare the potential yields between market-rate rentals and Section 8. Typically, the gross yield for market-rate properties is higher due to the absence of government-set limits on rent. However, the decision to participate in the Section 8 program often hinges on factors beyond just yield, such as stability of income and the management of risk associated with tenant turnover.
The renter density and days on market (DOM) figures being unavailable further complicate the analysis. Renter density can influence the demand for Section 8 properties; a higher density generally suggests more competition among tenants, which might favor landlords. Days on market can indicate how quickly properties are rented out, affecting vacancy rates and overall profitability.
To conclude, while the exact gross yield cannot be calculated without the median home value, the annual income from a Section 8 tenant at $14,880 is a critical starting point. Investors should consider the broader context of the local housing market, including the competition for tenants and the stability of rental income, when deciding whether to pursue Section 8 properties in ZIP 81215.
Data Sources: FMR data from HUD (2027).
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.