FMR is near market; voucher and private rents are aligned.
1.09
2 BR
2 BR- 80646
1.09ratio
FMR$1,650
Market$1,520
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.09
3 BR
3 BR- 80646
1.18ratio
FMR$2,280
Market$1,930
vs market+$350
FMR is above market; underwrite to market rent.
1.18
4 BR
4 BR- 80646
1.27ratio
FMR$2,760
Market$2,180
vs market+$580
FMR is above market; underwrite to market rent.
1.27
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
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Lucerne, CO fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lucerne, CO is $1,650 a month. That is up 5.8% from $1,560 in FY 2026. Lucerne 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 Lucerne is 20% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lucerne, CO
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,170
$1,240
+6.0%
$1,116–$1,364
1BR
$1,240
$1,310
+5.6%
$1,179–$1,441
2BR
$1,560
$1,650
+5.8%
$1,485–$1,815
3BR
$2,170
$2,280
+5.1%
$2,052–$2,508
4BR
$2,590
$2,760
+6.6%
$2,484–$3,036
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lucerne, CO
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,240
$1,310
$1,650
$2,280
$2,760
FY 2026
$1,170
$1,240
$1,560
$2,170
$2,590
FY 2025
$1,110
$1,200
$1,530
$2,140
$2,450
FY 2024
$1,060
$1,190
$1,530
$2,160
$2,390
FY 2023
$950
$1,060
$1,380
$1,960
$2,160
Questions about Lucerne, CO rents
How much will Section 8 pay for a two-bedroom in Lucerne, 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 $1,650 it would be $1,485 to $1,815. 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 Lucerne, CO in?
Lucerne, 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 Lucerne, CO for FY 2027?
The two-bedroom FMR rose 5.8%, from $1,560 in FY 2026 to $1,650 in FY 2027. Since FY 2023 it has risen 19.6%.
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