FMR is below market; voucher rent may lag private rents.
0.50
1 BR
1 BR- 81647
0.59ratio
FMR$1,320
Market$2,220
vs market-$900
FMR is below market; voucher rent may lag private rents.
0.59
2 BR
2 BR- 81647
0.73ratio
FMR$1,690
Market$2,330
vs market-$640
FMR is below market; voucher rent may lag private rents.
0.73
3 BR
3 BR- 81647
0.84ratio
FMR$2,340
Market$2,770
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.84
4 BR
4 BR- 81647
0.80ratio
FMR$2,350
Market$2,930
vs market-$580
FMR is below market; voucher rent may lag private rents.
0.80
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
--
New Castle, CO fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in New Castle, CO is $1,690 a month. That is up 4.3% from $1,620 in FY 2026. New Castle is in the Garfield County, CO non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,781. The median county two-bedroom FMR in Colorado is $1,375, so New Castle is 23% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for New Castle, CO
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,230
$1,180
−4.1%
$1,062–$1,298
1BR
$1,230
$1,320
+7.3%
$1,188–$1,452
2BR
$1,620
$1,690
+4.3%
$1,521–$1,859
3BR
$2,250
$2,340
+4.0%
$2,106–$2,574
4BR
$2,410
$2,350
−2.5%
$2,115–$2,585
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for New Castle, CO
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,180
$1,320
$1,690
$2,340
$2,350
FY 2026
$1,230
$1,230
$1,620
$2,250
$2,410
FY 2025
$1,290
$1,300
$1,700
$2,380
$2,620
FY 2024area FMR
$1,162
$1,170
$1,537
$2,166
$2,438
FY 2023area FMR
$1,094
$1,101
$1,357
$1,861
$2,275
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about New Castle, CO rents
How much will Section 8 pay for a two-bedroom in New Castle, CO?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,781, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,603 to $1,959 a month; under the ZIP-level Small Area FMR of $1,690 it would be $1,521 to $1,859. 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 New Castle, CO in?
New Castle, CO is in the Garfield County, CO non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,781.
How much did fair market rent change in New Castle, CO for FY 2027?
The two-bedroom FMR rose 4.3%, from $1,620 in FY 2026 to $1,690 in FY 2027. Since FY 2025 it has fallen 0.6%.
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