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 Fair Market Rent (FMR) for ZIP 81329 in the CO metro area for fiscal year 2026 is $1,590. Given that the market data and median home values are currently unavailable, we cannot determine the exact spread between the FMR and the local market rents. This makes it challenging to assess whether ZIP 81329 would serve as a cash-flow anchor in a Section 8 portfolio.
Without specific data on the percentage of price cuts and days on market (DOM), it's also difficult to evaluate if this ZIP code represents an appreciation play. Typically, areas with lower DOM and fewer price cuts indicate a healthier real estate market, which could be beneficial for long-term investments. However, the lack of such data means we must rely on other indicators.
The absence of precise market data suggests that ZIP 81329 might best fit into a portfolio as a diversifier. Diversification is key to managing risk and ensuring steady returns across different markets. By including properties in ZIP 81329, landlords and small-portfolio investors can spread their investment across various regions, potentially benefiting from market growth that may occur in this area.
To make an informed decision, further research into the local economy, job market, and housing demand trends of ZIP 81329 would be necessary. Additionally, understanding the specific dynamics of the Section 8 program in this region will help in determining the viability of rental properties within the portfolio.
In conclusion, while ZIP 81329 lacks specific market data at present, its inclusion in a Section 8 portfolio as a diversifier offers a strategic approach to balancing risk and opportunity. This ZIP code could provide a unique set of challenges and rewards, contributing to a well-rounded investment strategy.
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.