Location: Fremont County, CO | Metro: Fremont County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $2,000 |
| 5 Bedrooms | $2,320 |
| 6 Bedrooms | $2,598 |
| 7 Bedrooms | $2,806 |
| 8 Bedrooms | $2,946 |
U.S. Census Bureau data (2024)
The ZIP code 81244 stands out due to its unique set of characteristics that distinguish it from other areas. With only 660 residents, it has a very low population density, which means competition among landlords is minimal. However, the percentage of renters at 5.9% is also notably low, indicating that most residents own their homes. The median income in this area is $51,250, which suggests that while residents have a modest income, they still prefer homeownership over renting.
The voucher economics in ZIP 81244 are intriguing. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,050, whereas the current market rent, according to the Census ACS, is $880. This discrepancy means that landlords who accept Section 8 vouchers could potentially charge above-market rates, benefiting financially from the program. The higher FMR compared to the actual market rate indicates a government assessment that aims to cover the cost of housing in a more expensive future scenario, which could be advantageous for landlords.
Given the data signature, ZIP 81244 appears to be a stable area. The low rental rate combined with a modest median income implies a community where people are likely to stay put, either owning or renting their homes for extended periods. The limited number of renters means that landlords should carefully consider the benefits and drawbacks of accepting Section 8 vouchers, as they might not be a primary source of tenants. However, the potential to charge higher rents through the voucher system could make it a worthwhile option for those looking to diversify their tenant base or stabilize cash flow.
In conclusion, ZIP 81244 offers a niche opportunity for landlords willing to navigate the Section 8 program. Despite the low percentage of renters, the economic incentives provided by the higher FMR suggest that accepting vouchers could be a strategic decision. Landlords should weigh these factors against the overall stability of the area and the preferences of its residents.
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.