Location: Gunnison County, CO | Metro: Gunnison County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,230 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,240 |
| 5 Bedrooms | $2,598 |
| 6 Bedrooms | $2,910 |
| 7 Bedrooms | $3,143 |
| 8 Bedrooms | $3,300 |
U.S. Census Bureau data (2024)
The Section 8 program in ZIP code 81237 offers a straightforward financial framework for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,330. This figure represents the payment standard, which is the amount the government will pay towards the rent on behalf of eligible tenants. It's important to note that this is not the total rent you can charge; it's the maximum subsidy payment.
In ZIP 81237, there is currently no reported median rent, indicated as N/A. However, the 0.0% renter share suggests that very few properties in this area are already participating in the Section 8 program. This low participation rate indicates strong potential demand from tenants looking for affordable housing options.
To acquire a property suitable for a Section 8 rental in this ZIP code, you would need to invest approximately $506,928. This investment could be seen as substantial, but it provides a guaranteed income stream through the Section 8 vouchers, which can help stabilize your cash flow.
Before committing to a Section 8 rental in ZIP 81237, ensure that the property meets the Housing Quality Standards (HQS). These standards are set by the Department of Housing and Urban Development (HUD) and cover essential aspects such as safety, sanitation, and structural integrity. Compliance with HQS is mandatory for any property seeking to participate in the Section 8 program, and it ensures that your property remains habitable and attractive to potential tenants.
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.