Location: Eagle County, CO | Metro: Eagle County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,700 |
| 1 Bedroom | $1,870 |
| 2 Bedrooms | $2,440 |
| 3 Bedrooms | $2,910 |
| 4 Bedrooms | $4,080 |
| 5 Bedrooms | $4,733 |
| 6 Bedrooms | $5,301 |
| 7 Bedrooms | $5,725 |
| 8 Bedrooms | $6,011 |
U.S. Census Bureau data (2024)
The ZIP code 81632, located in Eagle County, CO metro, can serve as a cash-flow anchor in a Section 8 portfolio strategy. This is due to the significant spread between the Fair Market Rent (FMR) and the market rent. The FMR for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $2,290, while the market rent stands at $4,150. This $1,860 difference ensures that landlords receive a higher rental income than the government-subsidized rate, providing a stable and predictable cash flow.
Additionally, the median home value in this area is $1,895,902, indicating a high-end residential market. Despite this, the ZIP code maintains a 35.7% renter share, which is substantial. This suggests a demand for rental properties, particularly among renters who may be seeking vacation homes or second residences given the area's proximity to ski resorts and outdoor recreational opportunities.
The median income of $83,712 in ZIP 81632 supports the notion that it is a desirable location for higher-income renters, further bolstering the potential for steady rental income. However, the low 0.2% price-cut share and the lack of data regarding days on market (DOM) indicate that the real estate market here is relatively stable and less prone to rapid fluctuations or prolonged periods of unsold inventory.
In summary, ZIP 81632 is best suited as a cash-flow anchor within a Section 8 portfolio strategy. Its high median home value and robust rental market ensure a consistent income stream, while the significant spread between FMR and market rent provides an additional buffer against financial risks.
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.