Colorado (CO)

STATESAFMR

Found 599 ZIPs

State Median Investment Score

67Below average

095130300

BR	Rent	3Y CAGR
0 BR	$710 - $2,020Median: $1,240	1.8%
1 BR	$775 - $2,169Median: $1,380	1.5%
2 BR	$1,010 - $2,766Median: $1,647	0.3%
3 BR	$1,208 - $3,360Median: $2,281	0.8%
4 BR	$1,395 - $4,357Median: $2,617	-0.4%

Market Alignment

Studio

Studio- 29 ZIPs

0.22-0.64ratio range

Median FMR$1,240

Median Market$2,180

vs market-$940

FMR is below market; voucher rent may lag private rents.

Studio- 7 ZIPs

0.66-0.68ratio range

Median FMR$1,240

Median Market$1,830

vs market-$590

FMR is below market; voucher rent may lag private rents.

Studio- 12 ZIPs

0.69-0.73ratio range

Median FMR$1,272

Median Market$1,820

vs market-$548

FMR is below market; voucher rent may lag private rents.

Studio- 12 ZIPs

0.74-0.77ratio range

Median FMR$1,272

Median Market$1,665

vs market-$393

FMR is below market; voucher rent may lag private rents.

Studio- 8 ZIPs

0.79-0.81ratio range

Median FMR$1,240

Median Market$1,555

vs market-$315

FMR is below market; voucher rent may lag private rents.

Studio- 43 ZIPs

0.82-0.86ratio range

Median FMR$1,751

Median Market$2,120

vs market-$369

FMR is below market; voucher rent may lag private rents.

Studio- 12 ZIPs

0.86-0.89ratio range

Median FMR$1,500

Median Market$1,715

vs market-$215

FMR is below market; voucher rent may lag private rents.

Studio- 15 ZIPs

0.91-0.94ratio range

Median FMR$1,320

Median Market$1,440

vs market-$120

FMR is near market; voucher and private rents are aligned.

Studio- 10 ZIPs

0.94-0.98ratio range

Median FMR$1,520

Median Market$1,575

vs market-$55

FMR is near market; voucher and private rents are aligned.

Studio- 16 ZIPs

0.98-1.01ratio range

Median FMR$1,751

Median Market$1,730

vs market+$21

FMR is near market; voucher and private rents are aligned.

Studio- 7 ZIPs

1.03-1.05ratio range

Median FMR$1,520

Median Market$1,480

vs market+$40

FMR is near market; voucher and private rents are aligned.

Studio- 14 ZIPs

1.06-1.09ratio range

Median FMR$1,751

Median Market$1,600

vs market+$151

FMR is near market; voucher and private rents are aligned.

Studio- 14 ZIPs

1.10-1.13ratio range

Median FMR$1,751

Median Market$1,560

vs market+$191

FMR is above market; underwrite to market rent.

Studio- 11 ZIPs

1.15-1.20ratio range

Median FMR$1,751

Median Market$1,480

vs market+$271

FMR is above market; underwrite to market rent.

Studio- 11 ZIPs

1.20-1.24ratio range

Median FMR$1,751

Median Market$1,430

vs market+$321

FMR is above market; underwrite to market rent.

Studio- 7 ZIPs

1.25-1.26ratio range

Median FMR$1,751

Median Market$1,390

vs market+$361

FMR is above market; underwrite to market rent.

Studio- 12 ZIPs

1.31-1.35ratio range

Median FMR$1,751

Median Market$1,325

vs market+$426

FMR is above market; underwrite to market rent.

Studio- 37 ZIPs

1.37-1.77ratio range

Median FMR$1,751

Median Market$1,190

vs market+$561

FMR is above market; underwrite to market rent.

0.22-1.77

1 BR

1 BR- 22 ZIPs

0.18-0.64ratio range

Median FMR$1,600

Median Market$3,180

vs market-$1,581

FMR is below market; voucher rent may lag private rents.

1 BR- 10 ZIPs

0.65-0.68ratio range

Median FMR$1,831

Median Market$2,695

vs market-$864

FMR is below market; voucher rent may lag private rents.

1 BR- 10 ZIPs

0.69-0.73ratio range

Median FMR$1,235

Median Market$1,750

vs market-$515

FMR is below market; voucher rent may lag private rents.

1 BR- 10 ZIPs

0.74-0.77ratio range

Median FMR$1,307

Median Market$1,720

vs market-$413

FMR is below market; voucher rent may lag private rents.

1 BR- 18 ZIPs

0.78-0.81ratio range

Median FMR$1,345

Median Market$1,725

vs market-$380

FMR is below market; voucher rent may lag private rents.

1 BR- 32 ZIPs

0.82-0.86ratio range

Median FMR$1,831

Median Market$2,140

vs market-$309

FMR is below market; voucher rent may lag private rents.

1 BR- 15 ZIPs

0.86-0.89ratio range

Median FMR$1,735

Median Market$1,940

vs market-$205

FMR is below market; voucher rent may lag private rents.

1 BR- 20 ZIPs

0.90-0.94ratio range

Median FMR$1,831

Median Market$1,955

vs market-$124

FMR is near market; voucher and private rents are aligned.

1 BR- 21 ZIPs

0.94-0.98ratio range

Median FMR$1,831

Median Market$1,890

vs market-$59

FMR is near market; voucher and private rents are aligned.

1 BR- 22 ZIPs

0.98-1.02ratio range

Median FMR$1,783

Median Market$1,770

vs market+$13

FMR is near market; voucher and private rents are aligned.

1 BR- 15 ZIPs

1.02-1.06ratio range

Median FMR$1,831

Median Market$1,750

vs market+$81

FMR is near market; voucher and private rents are aligned.

1 BR- 17 ZIPs

1.06-1.10ratio range

Median FMR$1,831

Median Market$1,670

vs market+$161

FMR is near market; voucher and private rents are aligned.

1 BR- 19 ZIPs

1.10-1.15ratio range

Median FMR$1,831

Median Market$1,610

vs market+$221

FMR is above market; underwrite to market rent.

1 BR- 14 ZIPs

1.15-1.20ratio range

Median FMR$1,831

Median Market$1,550

vs market+$281

FMR is above market; underwrite to market rent.

1 BR- 13 ZIPs

1.20-1.25ratio range

Median FMR$1,831

Median Market$1,500

vs market+$331

FMR is above market; underwrite to market rent.

1 BR- 6 ZIPs

1.25-1.29ratio range

Median FMR$1,831

Median Market$1,445

vs market+$386

FMR is above market; underwrite to market rent.

1 BR- 7 ZIPs

1.31-1.34ratio range

Median FMR$1,831

Median Market$1,370

vs market+$461

FMR is above market; underwrite to market rent.

1 BR- 11 ZIPs

1.36-1.61ratio range

Median FMR$1,831

Median Market$1,210

vs market+$621

FMR is above market; underwrite to market rent.

0.18-1.61

2 BR

2 BR- 14 ZIPs

0.17-0.64ratio range

Median FMR$2,491

Median Market$4,950

vs market-$2,460

FMR is below market; voucher rent may lag private rents.

2 BR- 8 ZIPs

0.66-0.68ratio range

Median FMR$1,939

Median Market$2,895

vs market-$957

FMR is below market; voucher rent may lag private rents.

2 BR- 5 ZIPs

0.69-0.72ratio range

Median FMR$1,647

Median Market$2,280

vs market-$633

FMR is below market; voucher rent may lag private rents.

2 BR- 18 ZIPs

0.73-0.77ratio range

Median FMR$1,634

Median Market$2,200

vs market-$567

FMR is below market; voucher rent may lag private rents.

2 BR- 14 ZIPs

0.77-0.81ratio range

Median FMR$1,995

Median Market$2,470

vs market-$475

FMR is below market; voucher rent may lag private rents.

2 BR- 21 ZIPs

0.82-0.85ratio range

Median FMR$2,169

Median Market$2,560

vs market-$391

FMR is below market; voucher rent may lag private rents.

2 BR- 34 ZIPs

0.86-0.90ratio range

Median FMR$2,101

Median Market$2,390

vs market-$289

FMR is below market; voucher rent may lag private rents.

2 BR- 31 ZIPs

0.90-0.94ratio range

Median FMR$2,169

Median Market$2,310

vs market-$141

FMR is near market; voucher and private rents are aligned.

2 BR- 35 ZIPs

0.94-0.98ratio range

Median FMR$2,169

Median Market$2,220

vs market-$51

FMR is near market; voucher and private rents are aligned.

2 BR- 38 ZIPs

0.98-1.02ratio range

Median FMR$2,169

Median Market$2,175

vs market-$6

FMR is near market; voucher and private rents are aligned.

2 BR- 25 ZIPs

1.02-1.06ratio range

Median FMR$2,169

Median Market$2,070

vs market+$99

FMR is near market; voucher and private rents are aligned.

2 BR- 17 ZIPs

1.07-1.10ratio range

Median FMR$2,169

Median Market$1,980

vs market+$189

FMR is near market; voucher and private rents are aligned.

2 BR- 9 ZIPs

1.10-1.15ratio range

Median FMR$2,169

Median Market$1,890

vs market+$279

FMR is above market; underwrite to market rent.

2 BR- 6 ZIPs

1.15-1.20ratio range

Median FMR$2,169

Median Market$1,830

vs market+$339

FMR is above market; underwrite to market rent.

2 BR- 4 ZIPs

1.21-1.24ratio range

Median FMR$2,250

Median Market$1,820

vs market+$430

FMR is above market; underwrite to market rent.

0.17-1.24

3 BR

3 BR- 10 ZIPs

0.22-0.63ratio range

Median FMR$3,226

Median Market$8,305

vs market-$5,079

FMR is below market; voucher rent may lag private rents.

3 BR- 3 ZIPs

0.66-0.68ratio range

Median FMR$2,703

Median Market$4,080

vs market-$1,377

FMR is below market; voucher rent may lag private rents.

3 BR- 4 ZIPs

0.69-0.72ratio range

Median FMR$3,106

Median Market$4,465

vs market-$1,359

FMR is below market; voucher rent may lag private rents.

3 BR- 8 ZIPs

0.73-0.77ratio range

Median FMR$2,703

Median Market$3,630

vs market-$927

FMR is below market; voucher rent may lag private rents.

3 BR- 12 ZIPs

0.77-0.81ratio range

Median FMR$2,703

Median Market$3,435

vs market-$732

FMR is below market; voucher rent may lag private rents.

3 BR- 10 ZIPs

0.81-0.85ratio range

Median FMR$2,374

Median Market$2,905

vs market-$532

FMR is below market; voucher rent may lag private rents.

3 BR- 16 ZIPs

0.86-0.90ratio range

Median FMR$2,322

Median Market$2,660

vs market-$339

FMR is below market; voucher rent may lag private rents.

3 BR- 13 ZIPs

0.90-0.93ratio range

Median FMR$2,281

Median Market$2,520

vs market-$239

FMR is near market; voucher and private rents are aligned.

3 BR- 23 ZIPs

0.94-0.98ratio range

Median FMR$2,703

Median Market$2,770

vs market-$67

FMR is near market; voucher and private rents are aligned.

3 BR- 24 ZIPs

0.98-1.02ratio range

Median FMR$2,703

Median Market$2,740

vs market-$37

FMR is near market; voucher and private rents are aligned.

3 BR- 34 ZIPs

1.02-1.06ratio range

Median FMR$2,846

Median Market$2,720

vs market+$126

FMR is near market; voucher and private rents are aligned.

3 BR- 23 ZIPs

1.07-1.10ratio range

Median FMR$2,846

Median Market$2,600

vs market+$246

FMR is near market; voucher and private rents are aligned.

3 BR- 26 ZIPs

1.10-1.15ratio range

Median FMR$2,846

Median Market$2,490

vs market+$356

FMR is above market; underwrite to market rent.

3 BR- 39 ZIPs

1.15-1.19ratio range

Median FMR$2,846

Median Market$2,450

vs market+$396

FMR is above market; underwrite to market rent.

3 BR- 15 ZIPs

1.20-1.25ratio range

Median FMR$2,846

Median Market$2,310

vs market+$536

FMR is above market; underwrite to market rent.

3 BR- 7 ZIPs

1.25-1.29ratio range

Median FMR$2,846

Median Market$2,220

vs market+$626

FMR is above market; underwrite to market rent.

3 BR- 7 ZIPs

1.31-1.34ratio range

Median FMR$2,846

Median Market$2,160

vs market+$686

FMR is above market; underwrite to market rent.

3 BR- 6 ZIPs

1.40-1.98ratio range

Median FMR$3,045

Median Market$2,115

vs market+$930

FMR is above market; underwrite to market rent.

0.22-1.98

4 BR

4 BR- 9 ZIPs

0.27-0.59ratio range

Median FMR$4,033

Median Market$12,280

vs market-$8,247

FMR is below market; voucher rent may lag private rents.

4 BR- 3 ZIPs

0.65-0.66ratio range

Median FMR$2,617

Median Market$3,980

vs market-$1,363

FMR is below market; voucher rent may lag private rents.

4 BR- 3 ZIPs

0.69-0.73ratio range

Median FMR$3,183

Median Market$4,600

vs market-$1,417

FMR is below market; voucher rent may lag private rents.

4 BR- 6 ZIPs

0.73-0.76ratio range

Median FMR$3,183

Median Market$4,285

vs market-$1,102

FMR is below market; voucher rent may lag private rents.

4 BR- 14 ZIPs

0.78-0.81ratio range

Median FMR$3,146

Median Market$3,905

vs market-$759

FMR is below market; voucher rent may lag private rents.

4 BR- 13 ZIPs

0.82-0.86ratio range

Median FMR$3,183

Median Market$3,730

vs market-$547

FMR is below market; voucher rent may lag private rents.

4 BR- 15 ZIPs

0.86-0.90ratio range

Median FMR$2,576

Median Market$2,980

vs market-$404

FMR is below market; voucher rent may lag private rents.

4 BR- 14 ZIPs

0.91-0.94ratio range

Median FMR$3,183

Median Market$3,390

vs market-$207

FMR is near market; voucher and private rents are aligned.

4 BR- 24 ZIPs

0.94-0.98ratio range

Median FMR$2,753

Median Market$2,845

vs market-$92

FMR is near market; voucher and private rents are aligned.

4 BR- 21 ZIPs

0.98-1.01ratio range

Median FMR$3,183

Median Market$3,150

vs market+$33

FMR is near market; voucher and private rents are aligned.

4 BR- 37 ZIPs

1.02-1.06ratio range

Median FMR$3,146

Median Market$3,010

vs market+$136

FMR is near market; voucher and private rents are aligned.

4 BR- 22 ZIPs

1.06-1.10ratio range

Median FMR$3,183

Median Market$2,920

vs market+$263

FMR is near market; voucher and private rents are aligned.

4 BR- 43 ZIPs

1.10-1.15ratio range

Median FMR$3,183

Median Market$2,840

vs market+$343

FMR is above market; underwrite to market rent.

4 BR- 9 ZIPs

1.16-1.20ratio range

Median FMR$3,130

Median Market$2,640

vs market+$490

FMR is above market; underwrite to market rent.

4 BR- 10 ZIPs

1.20-1.24ratio range

Median FMR$3,183

Median Market$2,590

vs market+$593

FMR is above market; underwrite to market rent.

4 BR- 9 ZIPs

1.26-1.29ratio range

Median FMR$2,753

Median Market$2,180

vs market+$573

FMR is above market; underwrite to market rent.

4 BR- 11 ZIPs

1.31-1.34ratio range

Median FMR$3,183

Median Market$2,390

vs market+$793

FMR is above market; underwrite to market rent.

4 BR- 18 ZIPs

1.35-1.57ratio range

Median FMR$3,183

Median Market$2,285

vs market+$898

FMR is above market; underwrite to market rent.

0.27-1.57

0.700.800.901.001.101.201.30aligned range

Bedroom curve

Rankings

Market Explorer

Counties, cities, and ZIPs in Colorado.

Browse rankings

Trends

Market trends

HUD rent changes, rent against home values, and where it cash-flows.

View insights

Counties

Ranked by Investment Score (vs state median)

County map

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Colorado fair market rent by county, FY 2027

HUD's FY 2027 fair market rents cover 64 counties in Colorado. The median county two-bedroom FMR is $1,375. That is up 10.3% from $1,247 in FY 2026. Two-bedroom FMRs run from $1,014 in Sedgwick County to $2,766 in Summit County. 8 HUD metropolitan FMR areas cover 17 of those counties; each county in the same metro area shares one FMR. 58 ZIP codes in the Colorado Springs, CO HUD Metro FMR Area must use Small Area FMRs, so voucher payment standards there are set by ZIP code.

Two-bedroom FMR by county

FY 2027 two-bedroom fair market rent by county in Colorado
County	2BR	Change	HUD FMR area
Summit County	$2,766	+12.1%	Non-metro
Eagle County	$2,607	+9.6%	Non-metro
Pitkin County	$2,597	+17.3%	Non-metro
Routt County	$2,384	+17.9%	Non-metro
Adams County	$2,169	+3.8%	Denver-Aurora-Centennial, CO MSA
Arapahoe County	$2,169	+3.8%	Denver-Aurora-Centennial, CO MSA
Broomfield County	$2,169	+3.8%	Denver-Aurora-Centennial, CO MSA
Clear Creek County	$2,169	+3.8%	Denver-Aurora-Centennial, CO MSA
Denver County	$2,169	+3.8%	Denver-Aurora-Centennial, CO MSA
Douglas County	$2,169	+3.8%	Denver-Aurora-Centennial, CO MSA
Elbert County	$2,169	+3.8%	Denver-Aurora-Centennial, CO MSA
Gilpin County	$2,169	+3.8%	Denver-Aurora-Centennial, CO MSA
Jefferson County	$2,169	+3.8%	Denver-Aurora-Centennial, CO MSA
Park County	$2,169	+3.8%	Denver-Aurora-Centennial, CO MSA
Boulder County	$2,033	−4.3%	Boulder, CO MSA
Grand County	$1,844	+25.0%	Non-metro
La Plata County	$1,821	+14.6%	Non-metro
Garfield County	$1,781	+11.0%	Non-metro
Larimer County	$1,759	+1.6%	Fort Collins-Loveland, CO MSA
Chaffee County	$1,755	+19.7%	Non-metro
Weld County	$1,647	+5.4%	Greeley, CO MSA
Ouray County	$1,640	+7.5%	Non-metro
San Miguel County	$1,631	−0.9%	Non-metro
El Paso County	$1,621	−6.6%	Colorado Springs, CO HUD Metro FMR Area
Archuleta County	$1,542	+15.3%	Non-metro
Jackson County	$1,485	+50.2%	Non-metro
Lake County	$1,485	+10.6%	Non-metro
Mineral County	$1,485	+10.6%	Non-metro
Teller County	$1,474	−1.3%	Teller County, CO HUD Metro FMR Area
Gunnison County	$1,437	+7.7%	Non-metro
Fremont County	$1,436	+15.4%	Non-metro
Crowley County	$1,405	+9.0%	Non-metro
San Juan County	$1,344	+9.5%	Non-metro
Dolores County	$1,332	+19.5%	Non-metro
Montrose County	$1,321	+13.1%	Non-metro
Kiowa County	$1,319	+15.1%	Non-metro
Hinsdale County	$1,316	+14.9%	Non-metro
Washington County	$1,297	+16.4%	Non-metro
Las Animas County	$1,291	+11.8%	Non-metro
Mesa County	$1,282	+2.6%	Grand Junction, CO MSA
Montezuma County	$1,280	+8.5%	Non-metro
Delta County	$1,266	+13.6%	Non-metro
Pueblo County	$1,263	−0.5%	Pueblo, CO MSA
Morgan County	$1,261	+8.7%	Non-metro
Logan County	$1,249	+13.4%	Non-metro
Kit Carson County	$1,241	+13.5%	Non-metro
Moffat County	$1,225	+5.2%	Non-metro
Rio Grande County	$1,220	+11.5%	Non-metro
Custer County	$1,202	+8.1%	Non-metro
Cheyenne County	$1,167	+11.8%	Non-metro
Rio Blanco County	$1,165	+15.5%	Non-metro
Bent County	$1,150	+12.9%	Non-metro
Alamosa County	$1,149	+15.0%	Non-metro
Phillips County	$1,137	+7.9%	Non-metro
Yuma County	$1,132	+6.7%	Non-metro
Huerfano County	$1,116	+10.2%	Non-metro
Lincoln County	$1,070	+5.3%	Non-metro
Otero County	$1,059	+8.8%	Non-metro
Saguache County	$1,059	+8.6%	Non-metro
Prowers County	$1,050	+7.9%	Non-metro
Baca County	$1,014	+4.2%	Non-metro
Conejos County	$1,014	+4.2%	Non-metro
Costilla County	$1,014	+4.2%	Non-metro
Sedgwick County	$1,014	+4.2%	Non-metro

HUD metro FMR areas

FY 2027 two-bedroom fair market rent by HUD metro area in Colorado
Metro area	Counties	2BR
Denver-Aurora-Centennial, CO MSA	10	$2,169
Boulder, CO MSA	1	$2,033
Fort Collins-Loveland, CO MSA	1	$1,759
Greeley, CO MSA	1	$1,647
Colorado Springs, CO HUD Metro FMR Area	1	$1,621
Teller County, CO HUD Metro FMR Area	1	$1,474
Grand Junction, CO MSA	1	$1,282
Pueblo, CO MSA	1	$1,263

Questions about Colorado rents

What is the fair market rent in Colorado?

HUD sets fair market rents by metro area and county, not statewide. For FY 2027 the median county two-bedroom FMR in Colorado is $1,375. Look up the county or ZIP code to see the value that applies to a specific property.

Which Colorado counties have the highest fair market rent?

For FY 2027, the highest two-bedroom FMRs are in Summit County ($2,766), Eagle County ($2,607), Pitkin County ($2,597).

Does Colorado use Small Area Fair Market Rents?

Yes, in part. HUD requires Small Area FMRs in 58 ZIP codes in the Colorado Springs, CO HUD Metro FMR Area. Elsewhere, housing authorities use the metro or county FMR unless they choose to adopt Small Area FMRs.

Source: HUD FY 2027 Fair Market Rents. Change compares each county's two-bedroom FMR with FY 2026.

Colorado counties Colorado cities Colorado ZIP codes What is FMR?

Data source: U.S. Department of Housing and Urban Development (HUD)

Fiscal Year 2027