Jefferson County/Broomfield/80023

80023

ZIPSAFMR

Jefferson County, CO

View on ZillowZillow

ZIP Investment Score

53Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,990	$1,620	-0.2%
1 BR	$2,090	$1,780	-2.0%
2 BR	$2,470	$2,280	-2.4%
3 BR	$3,240	$2,650	-2.3%
4 BR	$3,620	$3,170	-2.5%
5 BR	$4,163	Not available	-2.5%
6 BR	$4,787	Not available	-2.5%
7 BR	$5,506	Not available	-2.4%
8 BR	$6,331	Not available	-2.5%

Purchase Price Calculator

Maximum purchase price

$276,891

Cost breakdown

+Likely effective rent$2,280

HUD FMR$2,470

Market rentUsed$2,280

Est. payment standard (95%)$2,350

-Principal and interest-$1,400

Loan amount$221,512

Down payment$55,378

Rate6.50%

Term30 years

-Operating costs-$680

Property taxes-$277

Insurance-$175

Utilities$0

HOA$0

Management-$228

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$36,427(65.8% ROI)

Projected value

$298,181

Return breakdown

Property appreciation+$21,290

Loan principal paid down+$7,936

Rental cash flow+$7,200

5-year hold

+$62,538(112.9% ROI)

Projected value

$313,276

Return breakdown

Property appreciation+$36,386

Loan principal paid down+$14,152

Rental cash flow+$12,000

10-year hold

+$135,276(244.3% ROI)

Projected value

$354,443

Return breakdown

Property appreciation+$77,553

Loan principal paid down+$33,723

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.23ratio

FMR$1,990

Market$1,620

vs market+$370

FMR is above market; underwrite to market rent.

1.23

1 BR

1.17ratio

FMR$2,090

Market$1,780

vs market+$310

FMR is above market; underwrite to market rent.

1.17

2 BR

1.08ratio

FMR$2,470

Market$2,280

vs market+$190

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

1.08

3 BR

1.22ratio

FMR$3,240

Market$2,650

vs market+$590

FMR is above market; underwrite to market rent.

1.22

4 BR

1.14ratio

FMR$3,620

Market$3,170

vs market+$450

FMR is above market; underwrite to market rent.

1.14

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: --

ZIP 80023 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80023 (Broomfield, CO) is $2,470 a month. That is up 2.5% from $2,410 in FY 2026. Broomfield is in the Denver-Aurora-Centennial, 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 $2,169. Among 36 ZIP codes in Jefferson County, 80023 is tied for the 7th-highest two-bedroom rent (county range $1,890–$3,210). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80023 is 80% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 80023
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,900	$1,990	+4.7%	$1,791–$2,189
1BR	$2,020	$2,090	+3.5%	$1,881–$2,299
2BR	$2,410	$2,470	+2.5%	$2,223–$2,717
3BR	$3,150	$3,240	+2.9%	$2,916–$3,564
4BR	$3,520	$3,620	+2.8%	$3,258–$3,982

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 80023
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,990	$2,090	$2,470	$3,240	$3,620
FY 2026	$1,900	$2,020	$2,410	$3,150	$3,520
FY 2025	$1,930	$2,110	$2,520	$3,290	$3,680
FY 2024	$2,000	$2,220	$2,660	$3,470	$3,900
FY 2023	$1,750	$1,930	$2,330	$3,070	$3,450

Two-bedroom rent in nearby Jefferson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 80023
80003	$2,050	−17.0%
80004	$2,030	−17.8%
80005	$2,500	+1.2%
80006	$2,140	−13.4%
80007	$3,210	+30.0%
80021	$2,560	+3.6%
80022	$1,890	−23.5%
80023Current	$2,470	—
80027	$2,360	−4.5%
80031	$2,230	−9.7%
80033	$1,890	−23.5%
80034	$2,140	−13.4%

Questions about ZIP 80023 rents

How much will Section 8 pay for a two-bedroom in ZIP 80023?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,169, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,952 to $2,386 a month; under the ZIP-level Small Area FMR of $2,470 it would be $2,223 to $2,717. 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 ZIP 80023 in?

ZIP 80023 is in the Denver-Aurora-Centennial, CO MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,169.

How much did fair market rent change in ZIP 80023 for FY 2027?

The two-bedroom FMR rose 2.5%, from $2,410 in FY 2026 to $2,470 in FY 2027. Since FY 2023 it has risen 6.0%.

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

County fair market rent Broomfield, CO fair market rent CO statewide rents What is SAFMR?Data sources