Section 8 Fair Market Rent (FMR) for ZIP 81413 - 2027
Location: Delta County, CO | Metro: Delta County, CO
Investment Score for ZIP 81413
F
Monthly Rent (2BR)
$1,380
Median Price (2BR)
$349,762
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,030 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,910 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
Investment Analysis by Bedroom Size
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms |
Monthly FMR |
Median Price |
1% Rule |
Grade |
| 1BR |
$1,060 |
$290,097 |
0.37% |
F |
| 2BR |
$1,380 |
$349,762 |
0.39% |
F |
| 3BR |
$1,910 |
$474,998 |
0.4% |
F |
| 4BR |
$2,290 |
$590,280 |
0.39% |
F |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$58,465
When considering whether to invest in ZIP 81413 (Cedaredge, CO) for Section 8 properties, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1,160 cover the debt service on a $425,101 property?
- Yes: The FMR is sufficient to cover the monthly mortgage payment if the annual interest rate is low enough. For instance, if the annual interest rate is 3%, the monthly mortgage payment would be approximately $1,833, which is below the FMR.
- No: At higher interest rates, such as 5%, the monthly mortgage payment would rise to about $2,224, exceeding the FMR of $1,160. This would make it difficult to rely solely on Section 8 tenants to cover expenses.
- Is the market rent of $1,237 above, at, or below the FMR?
- Above: The market rent of $1,237 is slightly above the FMR of $1,160, indicating that landlords could potentially earn more by renting to non-Section 8 tenants. However, this also means that Section 8 vouchers might not fully cover the rental costs.
- At: If the market rent were exactly $1,160, it would match the FMR, making it easier to find Section 8 tenants without losing out on potential income.
- Below: A market rent below the FMR would be unusual but beneficial for landlords who prefer to have a steady stream of Section 8 tenants.
- Are the 18.9% renters plus N/A-day days on the market enough demand?
- Yes: If the local demand is high, with a significant portion of residents being renters, there's a good chance of finding tenants. However, the lack of data on days on the market (DOM) suggests either limited turnover or incomplete information, which could impact your ability to fill vacancies quickly.
- No: With only 18.9% of residents being renters, the demand for rental properties might be lower, especially if there's little turnover in the rental market.
- It Depends: If the area has a stable rental market with consistent demand, the 18.9% figure can support a Section 8 investment. However, without knowing the DOM, it's hard to assess how long it might take to secure a tenant.
The decision to invest in ZIP 81413 hinges on these factors. Ensure you understand the local rental dynamics and consider supplementing Section 8 income with private rentals if possible.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.