Location: Delta County, CO | Metro: Delta County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
The ZIP code 81420 in Colorado presents unique challenges for both renters and landlords. The median income for households in this area is currently unavailable, which complicates assessing the financial stability of potential tenants. Similarly, the market rate for rent is also not specified, making it difficult to determine if typical households can afford the average rental price.
In comparison to the Federal Market Rent (FMR) standard of $1,110 for the metro area in fiscal year 2026, any market rate above this figure would indicate an affordability gap for those relying on housing vouchers. This suggests that tenants with vouchers might struggle to find suitable housing if the local rent exceeds the FMR benchmark.
The percentage of renters and the total population in ZIP 81420 are also unspecified, but these missing details imply a lack of comprehensive data regarding the rental market dynamics. Without knowing the exact number of renters, it's challenging to gauge the level of competition among landlords for securing tenants. However, the unknowns around median income and market rates suggest volatility and unpredictability in the area's economic landscape.
For landlords considering whether to accept housing vouchers or focus on cash-paying tenants, the key takeaway is to carefully evaluate the local rental market. Given the uncertainty around median income and market rates, landlords should consider the reliability of voucher payments, which are guaranteed by the government, versus the potential for higher rents from cash-paying tenants who might be less financially predictable. Landlords must weigh the risks and benefits, keeping in mind the FMR standard of $1,110 as a baseline for voucher-reimbursable rent. Accepting vouchers could provide a steady stream of income, while focusing on cash-paying tenants might offer higher revenue but comes with greater risk due to the unclear financial health of the local population.
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.