Location: Moffat County, CO | Metro: Moffat County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
The ZIP code 81633 in Colorado presents a tranquil and quiet environment, ideal for those seeking a slower-paced lifestyle. However, several concerns arise when considering investment in this area, particularly regarding the Fair Market Rent (FMR) and the demand for rental properties.
A skeptical investor might question whether the FMR of $1,070 (metro FY 2026) can cover the mortgage on a typical home in this ZIP code. Unfortunately, without specific data on average home prices and mortgage rates, it's challenging to provide a definitive answer. Nonetheless, the FMR is a crucial benchmark that reflects the affordability of housing in the area.
Another concern could be the adequacy of renter demand at an unspecified percentage. According to the RE/MAX guide, the neighborhood primarily consists of single detached homes built around 1975, with two and three-bedroom options. While the exact percentage of renters is not provided, the tranquil environment and practical amenities suggest a steady demand for rental properties. Two and three-bedroom homes are often sought after by families and individuals looking for comfort and space.
Lastly, an investor might wonder if Housing Choice Vouchers will keep pace with market rents. In areas like ZIP 81633, where the cost of living is generally lower, the likelihood of vouchers covering a significant portion of market rents is higher. However, the precise relationship between voucher amounts and market rents requires further investigation, as it varies by region and over time.
In conclusion, while the data does not fully address all concerns, the FMR of $1,070 serves as a reliable indicator of rental affordability. The demand for rental properties seems stable given the type of homes available, though specific percentages are needed for a clearer picture. Lastly, the potential for Housing Choice Vouchers to meet market rents is plausible, but more detailed analysis is necessary to confirm this trend.
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.