Location: Montrose County, CO | Metro: Montrose County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
U.S. Census Bureau data (2024)
ZIP code 81429, located within Montrose County, CO, presents unique characteristics when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for 81429 is set at $1,090 for the fiscal year 2026, which serves as a benchmark for understanding rental costs in the area.
Market rent and home value data for ZIP 81429 are currently unavailable. However, the absence of these figures does not necessarily indicate a negative trend; it could suggest that the area is less developed or has fewer transactions to provide reliable market data.
A notable feature of ZIP 81429 is its 0.0% renter share. This statistic implies that virtually all residents in the area are homeowners rather than renters, which is a significant deviation from typical ZIP codes in Montrose County where there might be a higher percentage of renters.
Given the FMR of $1,090 and the lack of market rent and home value data, ZIP 81429 cannot be definitively categorized as a value pocket, a mid-tier neighborhood, or a premium sub-market based solely on the available information. However, the low renter share suggests that the area is predominantly attractive to homeowners, possibly due to affordable housing options or strong community ties that discourage renting.
To further assess the position of ZIP 81429 within the Montrose County, CO, metro, additional data points such as median income levels, employment rates, and population density would be necessary. These factors can influence the overall desirability of an area for both landlords and small-portfolio investors.
In summary, while ZIP 81429 has a defined FMR, the absence of other key metrics makes it challenging to fully evaluate its status within the broader context of Montrose County. The area's unique characteristic of having no renters indicates a strong preference for homeownership, but this alone does not determine its market tier.
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.