Section 8 Fair Market Rent (FMR) for ZIP 81657 - 2027

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

Investment Score for ZIP 81657

Monthly Rent (2BR)

$2,200

Median Price (2BR)

$1,269,392

1% Rule

0.17%

Annual Yield

2.08%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,530
1 Bedroom	$1,680
2 Bedrooms	$2,200
3 Bedrooms	$2,620
4 Bedrooms	$3,680
5 Bedrooms	$4,269
6 Bedrooms	$4,781
7 Bedrooms	$5,163
8 Bedrooms	$5,421

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,680	$735,628	0.23%	F
2BR	$2,200	$1,269,392	0.17%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,835

Median Household Income

$100,573

Housing Units

7,010

Renter Percentage

38.6%

Occupancy Rate

36.6%

Renter Occupied

989

Vail, CO, located in ZIP code 81657, is a prime destination for both vacationers and year-round residents, known for its stunning mountain views and world-class skiing. This resort town offers a unique blend of luxury and natural beauty, making it an attractive investment opportunity for landlords and small-portfolio investors.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $2,100, providing a benchmark for rental pricing.
The market rent, as indicated by the Zillow Observed Rent Index (ZORI), stands at $3,325, reflecting the actual rents charged in the area and suggesting that Vail's rental market exceeds the FMR by a significant margin.
The median home value in Vail is $1,920,743, indicating a high-end real estate market where properties can command premium prices.
Renters make up 38.6% of the housing market, showing a substantial demand for rental properties despite the high median home values.
The median household income in Vail is $100,573, which supports the ability of residents to afford higher rents and property values.
The Days on Market (DOM) data is not available, which could indicate either a very active market with quick sales or a less active market where listings are not typical.

In summary, Vail presents a robust rental market with high demand and premium pricing potential. The discrepancy between the FMR and the actual market rent suggests that there is room for landlords to charge above the government-set guidelines. Additionally, the high median income levels support the viability of charging higher rents, while the substantial renter share indicates a significant portion of the population seeking rental accommodations. Despite the lack of DOM data, the overall economic indicators point towards a strong investment opportunity for those willing to navigate the luxury real estate landscape of Vail.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.