Location: Moffat County, CO | Metro: Moffat County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
U.S. Census Bureau data (2024)
The ZIP code 81640 represents a unique opportunity for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 209, over half of the residents are renters, indicating a significant portion of the community relies on rental housing. This makes it a renter-heavy ZIP with strong potential for deep voucher demand.
Despite the lack of specific data on median household income and market rent, we can still draw valuable insights from the available information. The Fair Market Rent (FMR) for the metro area, set at $1,130 for fiscal year 2026, serves as a benchmark for evaluating rental prices. Assuming that the market rent in ZIP 81640 aligns closely with this figure, we can infer that typical rent would consume a substantial percentage of local incomes, especially given the absence of reported median income data which suggests lower-income households.
Landlords in this area should anticipate a tenant profile primarily composed of low-income individuals who qualify for Section 8 housing vouchers. These tenants will likely be seeking affordable housing options that do not exceed their budget constraints. It's crucial for property owners to understand the intricacies of working with Section 8 vouchers, including government inspection requirements and payment processing through the Housing Authority.
To maximize success, landlords must ensure their properties meet the necessary standards and are willing to navigate the paperwork and regulations associated with voucher programs. This ZIP code's high rental rate and probable low median income point towards a strong reliance on subsidized housing, making Section 8 an essential component of the rental market in 81640.
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.