Location: Chaffee County, CO | Metro: Chaffee County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,350 |
| 1 Bedroom | $1,390 |
| 2 Bedrooms | $1,820 |
| 3 Bedrooms | $2,450 |
| 4 Bedrooms | $2,830 |
| 5 Bedrooms | $3,283 |
| 6 Bedrooms | $3,677 |
| 7 Bedrooms | $3,971 |
| 8 Bedrooms | $4,170 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 81227 in the metro area for fiscal year 2026 is set at $1,620. This figure represents the payment standard for Section 8 rental units, meaning the government will pay up to this amount per month toward a tenant's rent. It's important to note that this is not the total rent you can charge; it's the maximum subsidy amount.
While the local median rent for ZIP 81227 is listed as N/A, the lack of data on local rents does not necessarily indicate low demand. The 0.0% renter share suggests that there might be fewer renters in the area compared to homeowners, but this also implies that those who do rent may have a higher need for affordable housing options, such as Section 8 rentals.
The acquisition cost for properties in this ZIP code is also listed as N/A, which means you should research property values in the area independently to ensure you're making a sound investment. Given the limited data available, it's crucial to understand the potential rental market and the costs associated with maintaining a property in this area.
To make an informed decision about your first Section 8 rental in ZIP 81227, verify the following: the actual median rent for similar properties in the area. This will give you a clearer picture of whether the $1,620 FMR is sufficient to cover your expenses and provide a reasonable profit margin.
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.