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Arapahoe County/Parker/80138

80138

ZIPSAFMR
Arapahoe County, CO
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$1,900$1,430
1 BR$1,980$1,570
2 BR$2,350$2,450
3 BR$3,080$2,750
4 BR$3,450$3,060
5 BR$3,967Not available
6 BR$4,563Not available
7 BR$5,247Not available
8 BR$6,034Not available

Purchase Price Calculator

Maximum purchase price
$302,153

Cost breakdown

+Likely effective rent$2,450
HUD FMR$2,350
Market rent$2,510
Est. payment standard (104%)Used$2,450
-Principal and interest-$1,528
Loan amount$241,722
Down payment$60,431
Rate6.50%
Term30 years
-Operating costs-$722
Property taxes-$302
Insurance-$175
Utilities$0
HOA$0
Management-$245
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,093(64.7% ROI)
Projected value
$325,385
Return breakdown
Property appreciation+$23,233
Loan principal paid down+$8,660
Rental cash flow+$7,200
5-year hold
+$67,149(111.1% ROI)
Projected value
$341,858
Return breakdown
Property appreciation+$39,705
Loan principal paid down+$15,444
Rental cash flow+$12,000
10-year hold
+$145,428(240.7% ROI)
Projected value
$386,781
Return breakdown
Property appreciation+$84,628
Loan principal paid down+$36,799
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.33
1 BR
1.26
2 BR
0.94
3 BR
1.12
4 BR
1.13
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 80138 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80138 (Parker, CO) is $2,350 a month. That is up 4.0% from $2,260 in FY 2026. Parker 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 35 ZIP codes in Arapahoe County, 80138 has the 11th-highest two-bedroom rent (county range $1,890–$3,250). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80138 is 71% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 80138
BedroomsFY 2027Change90–110% range
Studio$1,900+6.7%$1,710–$2,090
1BR$1,980+4.2%$1,782–$2,178
2BR$2,350+4.0%$2,115–$2,585
3BR$3,080+4.1%$2,772–$3,388
4BR$3,450+4.5%$3,105–$3,795

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 80138
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,900$1,980$2,350$3,080$3,450
FY 2026$1,780$1,900$2,260$2,960$3,300
FY 2025$1,830$2,000$2,390$3,120$3,490
FY 2024$1,880$2,080$2,490$3,250$3,650
FY 2023$1,600$1,770$2,130$2,810$3,160

Two-bedroom rent in nearby Arapahoe County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 80138
80121$1,990−15.3%
80122$2,570+9.4%
80123$2,510+6.8%
80125$3,250+38.3%
80128$2,330−0.9%
80135$2,490+6.0%
80136$1,890−19.6%
80137$2,020−14.0%
80138Current$2,350—
80150$2,160−8.1%
80151$2,160−8.1%
80155$2,160−8.1%

Questions about ZIP 80138 rents

How much will Section 8 pay for a two-bedroom in ZIP 80138?

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 $2,350 it would be $2,115 to $2,585. 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 80138 in?

ZIP 80138 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 80138 for FY 2027?

The two-bedroom FMR rose 4.0%, from $2,260 in FY 2026 to $2,350 in FY 2027. Since FY 2023 it has risen 10.3%.

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 rentParker, CO fair market rentCO statewide rentsWhat is SAFMR?Data sources