Location: Garfield County, CO | Metro: Garfield County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,240 |
| 1 Bedroom | $1,390 |
| 2 Bedrooms | $1,780 |
| 3 Bedrooms | $2,460 |
| 4 Bedrooms | $2,480 |
| 5 Bedrooms | $2,877 |
| 6 Bedrooms | $3,222 |
| 7 Bedrooms | $3,480 |
| 8 Bedrooms | $3,654 |
The analysis of Section 8 real estate investment opportunities in ZIP code 81602, located in an area with a median home value and median income that are currently unknown, reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. The FMR for the metro area in fiscal year 2026 is set at $1,610. However, the current market rent in the area is listed as N/A, which means there is insufficient data to determine the exact market rate.
Given that the FMR is established at $1,610, landlords and small-portfolio investors must understand the implications of this figure when compared to the open-market rental rates. Since the market rent is not available, we cannot calculate the precise dollar amount or percentage gap. Nonetheless, if the FMR exceeds the local market rent, it would indicate that voucher tenants could potentially offer a higher yield than what might be achieved through standard market rentals. This scenario would be particularly attractive for investors looking to maximize returns while still providing affordable housing options.
Conversely, if the market rent is higher than the FMR, landlords accepting Section 8 vouchers will be renting their properties below the prevailing market rates. This situation could result in lower immediate cash flow but ensures stable tenancy and long-term occupancy, which can be beneficial in volatile markets. It also supports the mission of making housing accessible to low-income families, aligning with social responsibility goals.
In the context of Unknown, CO, where the percentage of renters and median income are not specified, it's crucial for investors to consider broader economic factors and trends. Without specific data on the local rental market, investors should proceed with caution and seek additional sources to gauge the potential financial impact of accepting Section 8 vouchers. Understanding the dynamics of the local housing market and the stability it offers is key to making informed decisions about investment strategies.
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.