Location: Fremont County, CO | Metro: Fremont County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $2,190 |
| 5 Bedrooms | $2,540 |
| 6 Bedrooms | $2,845 |
| 7 Bedrooms | $3,073 |
| 8 Bedrooms | $3,227 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 81221 reveals a market that leans towards a steady cash flow zone rather than a high-yield/low-stability flip-style market. This classification is driven by several key figures.
Firstly, examining the yield aspect, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,160. The market rent for the same period is slightly higher at $1,225. However, the absence of a specific figure for home values suggests a less liquid market for flipping properties. Given that the FMR and market rent figures are relatively close, it indicates that rental prices are competitive and reflective of the area's economic reality.
Moving onto stability, the ZIP code has a modest percentage of renters at 11.2%. While this might seem low, it aligns with the typical distribution of homeownership versus renting in many suburban and rural areas. The lack of data on days on market (DOM) for rentals implies that there isn't a significant over-supply of rental units, which could otherwise lead to prolonged vacancy periods. Furthermore, the median household income in the area stands at $34,000, which is stable and provides a reliable tenant base capable of meeting rental obligations.
Considering these factors, ZIP 81221 is best characterized as a steady-cashflow zone. The competitive rental rates ensure a decent return on investment, while the stable income levels and moderate rental percentages indicate a consistent demand for rental properties. Landlords and small-portfolio investors can expect regular and predictable cash flows without the volatility associated with high-yield markets.
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.