FMR is below market; voucher rent may lag private rents.
0.61
1 BR
1 BR- 80133
0.79ratio
FMR$1,580
Market$1,990
vs market-$410
FMR is below market; voucher rent may lag private rents.
0.79
2 BR
2 BR- 80133
0.84ratio
FMR$1,850
Market$2,190
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.84
3 BR
3 BR- 80133
1.05ratio
FMR$2,560
Market$2,430
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR- 80133
1.05ratio
FMR$2,940
Market$2,810
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.05
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
--
Palmer Lake, CO fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Palmer Lake, CO is $1,850 a month. That is up 2.2% from $1,810 in FY 2026. Palmer Lake is in the Colorado Springs, CO HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Colorado is $1,375, so Palmer Lake is 35% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Palmer Lake, CO
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,250
$1,290
+3.2%
$1,161–$1,419
1BR
$1,530
$1,580
+3.3%
$1,422–$1,738
2BR
$1,810
$1,850
+2.2%
$1,665–$2,035
3BR
$2,520
$2,560
+1.6%
$2,304–$2,816
4BR
$2,860
$2,940
+2.8%
$2,646–$3,234
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Palmer Lake, CO
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,290
$1,580
$1,850
$2,560
$2,940
FY 2026
$1,250
$1,530
$1,810
$2,520
$2,860
FY 2025
$1,120
$1,350
$1,630
$2,280
$2,610
FY 2024
$960
$1,140
$1,400
$1,970
$2,320
FY 2023
$850
$990
$1,240
$1,760
$2,110
Questions about Palmer Lake, CO rents
How much will Section 8 pay for a two-bedroom in Palmer Lake, CO?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,850, that basic range is $1,665 to $2,035 a month. 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 Palmer Lake, CO in?
Palmer Lake, CO is in the Colorado Springs, CO HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Palmer Lake, CO for FY 2027?
The two-bedroom FMR rose 2.2%, from $1,810 in FY 2026 to $1,850 in FY 2027. Since FY 2023 it has risen 49.2%.
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