FMR is below market; voucher rent may lag private rents.
0.70
1 BR
1 BR- 80650
0.73ratio
FMR$1,190
Market$1,630
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.73
2 BR
2 BR- 80650
0.79ratio
FMR$1,500
Market$1,910
vs market-$410
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 80650
1.00ratio
FMR$2,080
Market$2,070
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR- 80650
1.22ratio
FMR$2,510
Market$2,060
vs market+$450
FMR is above market; underwrite to market rent.
1.22
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
--
Pierce, CO fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Pierce, CO is $1,500 a month. That is down 9.6% from $1,660 in FY 2026. Pierce 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 Pierce is 9% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Pierce, CO
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,240
$1,130
−8.9%
$1,017–$1,243
1BR
$1,310
$1,190
−9.2%
$1,071–$1,309
2BR
$1,660
$1,500
−9.6%
$1,350–$1,650
3BR
$2,310
$2,080
−10.0%
$1,872–$2,288
4BR
$2,750
$2,510
−8.7%
$2,259–$2,761
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Pierce, CO
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,130
$1,190
$1,500
$2,080
$2,510
FY 2026
$1,240
$1,310
$1,660
$2,310
$2,750
FY 2025
$1,150
$1,250
$1,590
$2,230
$2,540
FY 2024
$1,100
$1,230
$1,590
$2,240
$2,480
FY 2023
$970
$1,090
$1,410
$2,000
$2,200
Questions about Pierce, CO rents
How much will Section 8 pay for a two-bedroom in Pierce, 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 $1,500 it would be $1,350 to $1,650. 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 Pierce, CO in?
Pierce, 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 Pierce, CO for FY 2027?
The two-bedroom FMR fell 9.6%, from $1,660 in FY 2026 to $1,500 in FY 2027. Since FY 2023 it has risen 6.4%.
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