Location: Delta County, CO | Metro: Delta County, CO
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,510 |
| 3 Bedrooms | $2,070 |
| 4 Bedrooms | $2,520 |
| 5 Bedrooms | $2,923 |
| 6 Bedrooms | $3,274 |
| 7 Bedrooms | $3,536 |
| 8 Bedrooms | $3,713 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,070 | $393,633 | 0.53% | F |
U.S. Census Bureau data (2024)
The median income in ZIP code 81418 stands at $54,417, which places significant constraints on households' ability to pay the market rate rent of $1,781 per month. This figure represents a substantial portion of their monthly earnings, making it challenging for many residents to find affordable housing without assistance.
Comparatively, the Fair Market Rent (FMR) for the metro area in fiscal year 2026, set at $1,670, aligns more closely with what households might reasonably afford. However, even this subsidized rate is high relative to the median income, indicating an affordability gap that could impact rental demand.
With 25.9% of the 1,945 population being renters, the competition among landlords in ZIP 81418 is likely to be fierce. The affordability gap suggests that landlords who accept Section 8 vouchers, which cover the $1,670 FMR, will have a competitive advantage over those who do not, as they cater to a larger segment of the market that can only afford rents at or below the FMR level.
The takeaway for landlords is clear: accepting Section 8 vouchers can provide a steady stream of tenants in a market where cash-paying renters capable of affording the full market rate are limited. While the decision to participate in the voucher program requires navigating additional administrative steps, the strategy ensures occupancy in a competitive and financially constrained rental environment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.