Location: Gunnison County, CO | Metro: Gunnison County, CO
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,750 |
| 1 Bedroom | $1,830 |
| 2 Bedrooms | $2,060 |
| 3 Bedrooms | $2,850 |
| 4 Bedrooms | $3,200 |
| 5 Bedrooms | $3,712 |
| 6 Bedrooms | $4,157 |
| 7 Bedrooms | $4,490 |
| 8 Bedrooms | $4,715 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,830 | $285,240 | 0.64% | D |
| 2BR | $2,060 | $641,879 | 0.32% | F |
| 3BR | $2,850 | $1,009,336 | 0.28% | F |
| 4BR | $3,200 | $1,969,251 | 0.16% | F |
U.S. Census Bureau data (2024)
To determine if you should invest in ZIP 81225 (Mount Crested Butte, CO) for Section 8 properties, follow this decision tree based on the provided data.
1) Does FMR $1,730 (metro FY 2026) clear debt service on a $677,727 property?
No: The Fair Market Rent (FMR) of $1,730 is insufficient to cover the average debt service on a property valued at $677,727. Debt service typically includes mortgage payments, property taxes, insurance, and maintenance costs. Given the high property value, the rent collected would likely not be enough to sustain operations without financial strain.
Yes: If your debt service is lower than the FMR allows, then the rent could potentially cover your expenses. However, proceed to the next question to further evaluate the market conditions.
2) Is market rent $2,129 (Census ACS) above, at, or below FMR?
Above FMR: The market rent of $2,129 exceeds the FMR of $1,730, indicating that the area might be more attractive for non-Section 8 tenants who can afford higher rents. This could affect the availability of Section 8 vouchers and the overall demand for subsidized housing.
At or Below FMR: If the market rent is closer to or below the FMR, then the area is more aligned with what Section 8 tenants can pay. This makes it more feasible to find tenants within the program.
3) Are 20.1% renters + N/A-day DOM enough demand?
It Depends: With 20.1% of the population being renters, there is some rental demand. However, the lack of Days on Market (DOM) data complicates assessing how quickly properties are rented out. If the rental demand is strong despite the limited DOM information, you may still find success with Section 8 properties. Consider local trends and consult real estate agents for insights on DOM.
In summary, investing in ZIP 81225 for Section 8 properties hinges on whether the FMR clears your debt service, the alignment between market rent and FMR, and the strength of rental demand. If any of these criteria are not met, reconsider the investment or seek additional local data to inform your decision.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.