Location: Montezuma County, CO | Metro: Dolores County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,710 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
U.S. Census Bureau data (2024)
The classification of ZIP code 81320 hinges significantly on the available data points for yield and stability. With a Fair Market Rent (FMR) of $1,120 for the fiscal year 2026 in the metro area, this figure stands out as a key indicator of rental yield potential. However, the lack of specific market rent data introduces uncertainty, suggesting that the actual market rent could be lower or higher than the FMR. The median home value of $338,788 provides context for the investment cost but does not directly influence the rental yield analysis.
Regarding stability, the data is sparse. The reported 0.0% of renters indicates an almost entirely owner-occupied community, which can suggest a stable environment for property values but poses challenges for rental cash flow. The absence of days on market (DOM) and income data means that assessing the overall market stability and the likelihood of finding tenants is difficult. Without these metrics, it's challenging to gauge the financial health of potential tenants and the competition level in the local housing market.
Given the available data, ZIP 81320 does not fit neatly into a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it appears to be a niche market where rental opportunities are limited due to low tenant population, but where the potential for long-term appreciation exists. Landlords and small-portfolio investors should consider diversifying their investment strategies here, perhaps focusing on short-term rentals or other forms of property use, given the scarcity of direct rental income potential.
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.