Section 8 Fair Market Rent (FMR) for ZIP 81522 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 81522, located in Montrose, Colorado, is a small community situated in the heart of the state's Western Slope. Known for its scenic beauty and outdoor recreational opportunities, the area attracts a mix of residents and visitors. For real estate investors, particularly those interested in Section 8 housing, understanding the local rental market dynamics is crucial.

• Fair Market Rent (FMR) for ZIP 81522: The Fair Market Rent for a two-bedroom apartment in 81522 is set at $1120 for the fiscal year 2024, according to HUD guidelines.
• Market Rent: Specific data on the average market rent for 81522 is currently unavailable.
• Median Home Value: The median home value in 81522 is also not available, indicating a lack of comprehensive data on homeownership trends.
• Renter Share: The percentage of households that are renters in 81522 is not provided, which suggests a need for further research into the local tenant demographics.
• Days on Market (DOM): Information regarding the typical days on market for rental properties in 81522 is not available, highlighting the need for more detailed local real estate market analysis.
• Median Income: Data on the median income of residents in 81522 is not available, making it difficult to assess the financial capabilities of potential tenants.

In summary, while the Fair Market Rent for Section 8 housing in ZIP 81522 is clearly defined at $1120 for a two-bedroom unit, there is a significant lack of detailed market data, including average market rents, median home values, and median incomes. This gap in information means that investors must rely on the FMR as a key benchmark but should also conduct thorough due diligence to understand the broader economic context and demand for rental housing in the area. The absence of specific data points underscores the importance of local knowledge and connections when investing in this ZIP code.

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.