Location: Montezuma County, CO | Metro: Dolores County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
U.S. Census Bureau data (2024)
0.0% of renters in ZIP code 81331 are participating in the Section 8 program, indicating a minimal reliance on government subsidies for housing. This statistic aligns with the area's higher median home value of $432,983, suggesting residents have the financial capability to secure housing without assistance. The median income of $84,353 supports this conclusion, as it is above the national average and likely enables most households to afford private market rents. However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,180, which is a critical figure for landlords looking to participate in the Section 8 program. Despite the lack of specific market rent data, the absence of days on market (DOM) and the percentage of homes that had their prices cut imply a stable housing market where properties sell close to their listed prices and quickly. In conclusion, while the Section 8 participation rate is negligible, landlords in ZIP 81331 can still consider the program as an option for renting units at the $1,180 FMR.
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.