FMR is below market; voucher rent may lag private rents.
0.68
1 BR
1 BR- 80623
0.74ratio
FMR$1,530
Market$2,080
vs market-$550
FMR is below market; voucher rent may lag private rents.
0.74
2 BR
2 BR- 80623
0.96ratio
FMR$1,930
Market$2,020
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR- 80623
1.21ratio
FMR$2,670
Market$2,200
vs market+$470
FMR is above market; underwrite to market rent.
1.21
4 BR
4 BR- 80623
1.37ratio
FMR$3,230
Market$2,350
vs market+$880
FMR is above market; underwrite to market rent.
1.37
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Gilcrest, CO fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Gilcrest, CO is $1,930 a month. That is up 3.2% from $1,870 in FY 2026. Gilcrest is in the Greeley, CO MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,647. The median county two-bedroom FMR in Colorado is $1,375, so Gilcrest is 40% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Gilcrest, CO
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,400
$1,450
+3.6%
$1,305–$1,595
1BR
$1,480
$1,530
+3.4%
$1,377–$1,683
2BR
$1,870
$1,930
+3.2%
$1,737–$2,123
3BR
$2,600
$2,670
+2.7%
$2,403–$2,937
4BR
$3,100
$3,230
+4.2%
$2,907–$3,553
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Gilcrest, CO
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,450
$1,530
$1,930
$2,670
$3,230
FY 2026
$1,400
$1,480
$1,870
$2,600
$3,100
FY 2025
$1,300
$1,410
$1,790
$2,510
$2,860
FY 2024
$1,120
$1,260
$1,620
$2,280
$2,530
FY 2023
$850
$960
$1,240
$1,760
$1,940
Questions about Gilcrest, CO rents
How much will Section 8 pay for a two-bedroom in Gilcrest, CO?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,647, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,482 to $1,812 a month; under the ZIP-level Small Area FMR of $1,930 it would be $1,737 to $2,123. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Gilcrest, CO in?
Gilcrest, CO is in the Greeley, CO MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,647.
How much did fair market rent change in Gilcrest, CO for FY 2027?
The two-bedroom FMR rose 3.2%, from $1,870 in FY 2026 to $1,930 in FY 2027. Since FY 2023 it has risen 55.6%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set