FMR is below market; voucher rent may lag private rents.
0.75
1 BR
1 BR- 80546
0.89ratio
FMR$1,490
Market$1,680
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR- 80546
0.95ratio
FMR$1,860
Market$1,950
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR- 80546
1.10ratio
FMR$2,560
Market$2,320
vs market+$240
FMR is above market; underwrite to market rent.
1.10
4 BR
4 BR- 80546
1.16ratio
FMR$3,060
Market$2,630
vs market+$430
FMR is above market; underwrite to market rent.
1.16
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
--
Severance, CO fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Severance, CO is $1,860 a month. That is up 3.9% from $1,790 in FY 2026. Severance 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 Severance is 35% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Severance, CO
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,370
$1,420
+3.6%
$1,278–$1,562
1BR
$1,440
$1,490
+3.5%
$1,341–$1,639
2BR
$1,790
$1,860
+3.9%
$1,674–$2,046
3BR
$2,480
$2,560
+3.2%
$2,304–$2,816
4BR
$2,920
$3,060
+4.8%
$2,754–$3,366
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Severance, CO
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,420
$1,490
$1,860
$2,560
$3,060
FY 2026
$1,370
$1,440
$1,790
$2,480
$2,920
FY 2025
$1,230
$1,320
$1,660
$2,340
$2,650
FY 2024
$1,260
$1,390
$1,770
$2,500
$2,760
FY 2023
$1,040
$1,150
$1,490
$2,120
$2,330
Questions about Severance, CO rents
How much will Section 8 pay for a two-bedroom in Severance, 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 $1,860 it would be $1,674 to $2,046. 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 Severance, CO in?
Severance, 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 Severance, CO for FY 2027?
The two-bedroom FMR rose 3.9%, from $1,790 in FY 2026 to $1,860 in FY 2027. Since FY 2023 it has risen 24.8%.
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