Section 8 Fair Market Rent (FMR) for ZIP 81649 - 2027

Location: Eagle County, CO | Metro: Eagle County, CO

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,790
1 Bedroom	$1,950
2 Bedrooms	$2,540
3 Bedrooms	$3,070
4 Bedrooms	$3,920
5 Bedrooms	$4,547
6 Bedrooms	$5,093
7 Bedrooms	$5,500
8 Bedrooms	$5,775

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

345

Median Household Income

$N/A

Housing Units

180

Renter Percentage

14.4%

Occupancy Rate

81.1%

Renter Occupied

The ZIP code 81649, located in Montrose, Colorado, offers a unique opportunity for real estate investors interested in the Section 8 housing market. The area is characterized by its rural setting, which can influence both rental demand and supply dynamics.

Fair Market Rent (FMR): The FMR for ZIP 81649 in fiscal year 2026 is set at $2,480, indicating the maximum amount that a landlord can charge for a Section 8 voucher holder in the region.
Market Rent: According to Census ACS data, the average market rent in the area is $1,239, suggesting that the FMR is nearly double the typical rent, which can be advantageous for landlords participating in the Section 8 program.
Renter Share: The renter share of the population stands at 14.4%, reflecting a modest but steady demand for rental properties.
Days on Market (DOM): Data for DOM is not available, which could indicate a low turnover rate or limited data on property listings.
Median Home Value: There is no data available for the median home value, possibly due to the rural nature of the area and fewer transactions.
Median Income: The median income figure is also not available, which might suggest a lack of comprehensive economic data for the region.

Investors in ZIP 81649 should note the significant difference between the Fair Market Rent and the average market rent, providing a potential margin for landlords to earn more through the Section 8 program. The moderate renter share suggests a stable but not overly competitive market for rental properties. However, the absence of key economic indicators such as median home value and median income highlights the need for further local research to fully understand the economic landscape and its impact on housing demand.

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.