Location: Montezuma County, CO | Metro: Montezuma 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)
The analysis of ZIP code 81335, located in Montezuma County, CO metro, reveals several critical insights for landlords and small-portfolio investors.
First, regarding the rent math, the Federal Market Rent (FMR) for the area is set at $1,180 for fiscal year 2026. However, the market rent is listed as N/A, which indicates that there is insufficient data to compare the FMR against actual market conditions. This makes it challenging to determine if renting properties at the FMR will be competitive or profitable without additional research into local rental trends.
Second, on the affordability of property acquisition, the median home value is also listed as N/A. This lack of data complicates the assessment of whether buying homes in the area would be financially viable for investors. The average days on market (DOM) and the percentage of homes that require price cuts are similarly unreported, further obscuring the ease or difficulty of acquiring properties at fair market values.
Third, concerning tenant demand, the population of ZIP 81335 stands at 76 individuals. Alarmingly, the renter share is reported as 0.0%, suggesting that almost none of the residents are likely to be potential tenants. This statistic implies a very limited pool of renters, making it difficult to sustain a rental business model in this area.
Verdict: Investing in rental properties in ZIP 81335 is not advisable due to the lack of available market rent data, the absence of information on median home values, and the virtually non-existent tenant demand. The combination of these factors presents significant challenges for both profitability and occupancy, indicating that this zip code does not offer a favorable environment for real estate investments under the Section 8 program.
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.