Location: La Plata County, CO | Metro: La Plata County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,340 |
| 1 Bedroom | $1,390 |
| 2 Bedrooms | $1,820 |
| 3 Bedrooms | $2,210 |
| 4 Bedrooms | $2,390 |
| 5 Bedrooms | $2,772 |
| 6 Bedrooms | $3,105 |
| 7 Bedrooms | $3,353 |
| 8 Bedrooms | $3,521 |
The Section 8 thesis in ZIP code 81302 is based on the disparity between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2026, the FMR stands at $1,590, while the current market rent data is unavailable. This gap suggests that landlords can potentially attract voucher tenants who will pay the FMR, which could be higher than what the market currently dictates.
In the context of Unknown, CO, where detailed demographic information such as the percentage of renters, median home value, and median income is not provided, it's important to understand the implications of this potential discrepancy. If the FMR exceeds the market rent, voucher tenants become a lucrative option for landlords. The government subsidy ensures a steady cash flow at a rate that may surpass the local rental prices, making it a strong yield play. This means that landlords can secure a higher return on investment compared to renting out properties without the assistance of vouchers.
However, if the FMR is lower than the market rent, landlords must consider the cost of accepting housing voucher tenants. They would be renting their properties below the open-market rates, which could mean a loss of potential revenue. The exact financial impact depends on how much lower the FMR is compared to the market rent, but in either case, the difference needs to be quantified to understand the true economic benefit or drawback.
To illustrate the gap in terms of percentage, we need the current market rent figure. Without this, we cannot provide a precise percentage difference. Nonetheless, the dollar amount difference is clear: $1,590 is the FMR benchmark for the area. Landlords should compare this against their own property values and typical rental rates to determine if the Section 8 program offers a viable opportunity for them in ZIP 81302.
Given the lack of specific demographic data for Unknown, CO, it's essential to conduct further research into the local rental market trends and the overall economic conditions. This will help in making informed decisions about whether participating in the Section 8 program is advantageous, considering the potential for higher yields or the risk of lower-than-market rental income.
Data Sources: FMR data from HUD (2027).
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.