For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80038 (Broomfield, CO) is $2,420 a month. That is up 3.0% from $2,350 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 2 ZIP codes in Broomfield County, 80038 has the highest two-bedroom rent (county range $2,410–$2,420). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80038 is 76% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 80038
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,850
$1,950
+5.4%
$1,755–$2,145
1BR
$1,970
$2,040
+3.6%
$1,836–$2,244
2BR
$2,350
$2,420
+3.0%
$2,178–$2,662
3BR
$3,080
$3,180
+3.2%
$2,862–$3,498
4BR
$3,430
$3,550
+3.5%
$3,195–$3,905
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 80038
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,950
$2,040
$2,420
$3,180
$3,550
FY 2026
$1,850
$1,970
$2,350
$3,080
$3,430
FY 2025
$1,860
$2,030
$2,430
$3,170
$3,550
FY 2024
$1,940
$2,150
$2,580
$3,370
$3,780
FY 2023
$1,660
$1,830
$2,210
$2,920
$3,270
Two-bedroom rent in nearby Broomfield County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 80038?
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 $2,420 it would be $2,178 to $2,662. 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 80038 in?
ZIP 80038 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 80038 for FY 2027?
The two-bedroom FMR rose 3.0%, from $2,350 in FY 2026 to $2,420 in FY 2027. Since FY 2023 it has risen 9.5%.
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