80037

ZIPSAFMR

Adams County, CO

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,660	$1,830	1.7%
1 BR	$1,740	$1,910	-0.2%
2 BR	$2,060	$2,160	-0.6%
3 BR	$2,700	$2,420	-0.5%
4 BR	$3,020	$2,840	-0.7%
5 BR	$3,473	Not available	-0.7%
6 BR	$3,994	Not available	-0.7%
7 BR	$4,593	Not available	-0.7%
8 BR	$5,282	Not available	-0.7%

Purchase Price Calculator

Maximum purchase price

$259,059

Cost breakdown

+Likely effective rent$2,160

HUD FMR$2,060

Market rent$2,220

Est. payment standard (105%)Used$2,160

-Principal and interest-$1,310

Loan amount$207,247

Down payment$51,812

Rate6.50%

Term30 years

-Operating costs-$650

Property taxes-$259

Insurance-$175

Utilities$0

HOA$0

Management-$216

=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

+$34,544(66.7% ROI)

Projected value

$278,978

Return breakdown

Property appreciation+$19,919

Loan principal paid down+$7,425

Rental cash flow+$7,200

5-year hold

+$59,283(114.4% ROI)

Projected value

$293,101

Return breakdown

Property appreciation+$34,042

Loan principal paid down+$13,241

Rental cash flow+$12,000

10-year hold

+$128,109(247.3% ROI)

Projected value

$331,617

Return breakdown

Property appreciation+$72,558

Loan principal paid down+$31,551

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.78ratio

FMR$1,660

Market$2,130

vs market-$470

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

0.78

1 BR

0.81ratio

FMR$1,740

Market$2,140

vs market-$400

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

0.81

2 BR

0.93ratio

FMR$2,060

Market$2,220

vs market-$160

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

0.93

3 BR

1.12ratio

FMR$2,700

Market$2,420

vs market+$280

FMR is above market; underwrite to market rent.

1.12

4 BR

1.06ratio

FMR$3,020

Market$2,840

vs market+$180

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

1.06

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 80037 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80037 (Commerce City, CO) is $2,060 a month. That is up 4.0% from $1,980 in FY 2026. Commerce City 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 18 ZIP codes in Adams County, 80037 is tied for the 9th-highest two-bedroom rent (county range $1,890–$2,950). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80037 is 50% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 80037
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,560	$1,660	+6.4%	$1,494–$1,826
1BR	$1,660	$1,740	+4.8%	$1,566–$1,914
2BR	$1,980	$2,060	+4.0%	$1,854–$2,266
3BR	$2,590	$2,700	+4.2%	$2,430–$2,970
4BR	$2,890	$3,020	+4.5%	$2,718–$3,322

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 80037
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,660	$1,740	$2,060	$2,700	$3,020
FY 2026	$1,560	$1,660	$1,980	$2,590	$2,890
FY 2025	$1,560	$1,710	$2,040	$2,660	$2,980
FY 2024	$1,580	$1,750	$2,100	$2,740	$3,080
FY 2023	$1,350	$1,490	$1,800	$2,370	$2,670

Two-bedroom rent in nearby Adams County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 80037
80011	$2,010	−2.4%
80019	$1,890	−8.3%
80024	$1,890	−8.3%
80030	$1,890	−8.3%
80035	$2,060	0.0%
80036	$2,060	0.0%
80037Current	$2,060	—
80045	$2,380	+15.5%
80102	$1,890	−8.3%
80229	$2,090	+1.5%
80233	$2,250	+9.2%
80241	$2,460	+19.4%

Questions about ZIP 80037 rents

How much will Section 8 pay for a two-bedroom in ZIP 80037?

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 $2,060 it would be $1,854 to $2,266. 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 80037 in?

ZIP 80037 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 80037 for FY 2027?

The two-bedroom FMR rose 4.0%, from $1,980 in FY 2026 to $2,060 in FY 2027. Since FY 2023 it has risen 14.4%.

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

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