Location: Eagle County, CO | Metro: Eagle County, CO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,910 |
| 1 Bedroom | $2,100 |
| 2 Bedrooms | $2,750 |
| 3 Bedrooms | $3,280 |
| 4 Bedrooms | $4,600 |
| 5 Bedrooms | $5,336 |
| 6 Bedrooms | $5,976 |
| 7 Bedrooms | $6,454 |
| 8 Bedrooms | $6,777 |
U.S. Census Bureau data (2024)
The ZIP code 81645 is situated in a rural area of Colorado, characterized by a small, close-knit community with a total population of 1,028. This neighborhood is predominantly owner-occupied, with only 28.3% of residents being renters. The median household income here is relatively high at $102,039, indicating a generally affluent local demographic. However, the median home value is not available, which could suggest a limited number of homes sold recently, or a lack of comprehensive data.
Moving into the economic analysis of rental properties, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $2,650. In contrast, the current market rent, based on Census ACS data, stands at $2,104. This gap between FMR and market rent suggests a potential opportunity for landlords who can leverage the higher FMR to attract Section 8 tenants, while still operating within the bounds of the local rental market.
Given these figures, ZIP 81645 may suit both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the higher FMR provides a stable, government-backed income source that exceeds the current market rent. Meanwhile, value-add buyers can focus on improving property values to align with the higher FMR, potentially increasing their profitability and attracting a broader range of tenants. Both strategies benefit from the high median income of the area, which reduces the risk of tenant default.
However, the low percentage of renters in the area might pose a challenge for those looking to quickly fill vacancies. Landlords should be prepared for a smaller pool of potential Section 8 tenants and possibly longer vacancy periods compared to more densely populated areas. Despite this, the overall economic stability and the premium placed on rental units by the government through the FMR make ZIP 81645 a viable investment option for those willing to adapt their approach to the unique characteristics of this rural market.
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.