Denver County/Denver/80207

80207

ZIPSAFMR

Denver County, CO

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ZIP Investment Score

68Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,780	$1,560	6.8%
1 BR	$1,870	$1,880	4.9%
2 BR	$2,210	$2,180	4.4%
3 BR	$2,900	$2,760	4.7%
4 BR	$3,240	$3,180	4.5%
5 BR	$3,726	Not available	4.5%
6 BR	$4,285	Not available	4.5%
7 BR	$4,928	Not available	4.5%
8 BR	$5,667	Not available	4.5%

Purchase Price Calculator

Maximum purchase price

$262,031

Cost breakdown

+Likely effective rent$2,180

HUD FMR$2,210

Market rentUsed$2,180

Est. payment standard (99%)$2,190

-Principal and interest-$1,325

Loan amount$209,624

Down payment$52,406

Rate6.50%

Term30 years

-Operating costs-$655

Property taxes-$262

Insurance-$175

Utilities$0

HOA$0

Management-$218

=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

+$34,858(66.5% ROI)

Projected value

$282,178

Return breakdown

Property appreciation+$20,148

Loan principal paid down+$7,510

Rental cash flow+$7,200

5-year hold

+$59,826(114.2% ROI)

Projected value

$296,464

Return breakdown

Property appreciation+$34,433

Loan principal paid down+$13,393

Rental cash flow+$12,000

10-year hold

+$129,304(246.7% ROI)

Projected value

$335,421

Return breakdown

Property appreciation+$73,391

Loan principal paid down+$31,913

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.14ratio

FMR$1,780

Market$1,560

vs market+$220

FMR is above market; underwrite to market rent.

1.14

1 BR

0.99ratio

FMR$1,870

Market$1,880

vs market-$10

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

0.99

2 BR

1.01ratio

FMR$2,210

Market$2,180

vs market+$30

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

1.01

3 BR

1.05ratio

FMR$2,900

Market$2,760

vs market+$140

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

1.05

4 BR

1.02ratio

FMR$3,240

Market$3,180

vs market+$60

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

1.02

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 80207 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80207 (Denver, CO) is $2,210 a month. That is up 2.8% from $2,150 in FY 2026. Denver 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 40 ZIP codes in Denver County, 80207 is tied for the 16th-highest two-bedroom rent (county range $1,890–$3,060). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80207 is 61% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 80207
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,690	$1,780	+5.3%	$1,602–$1,958
1BR	$1,800	$1,870	+3.9%	$1,683–$2,057
2BR	$2,150	$2,210	+2.8%	$1,989–$2,431
3BR	$2,810	$2,900	+3.2%	$2,610–$3,190
4BR	$3,140	$3,240	+3.2%	$2,916–$3,564

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 80207
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,780	$1,870	$2,210	$2,900	$3,240
FY 2026	$1,690	$1,800	$2,150	$2,810	$3,140
FY 2025	$1,720	$1,870	$2,240	$2,920	$3,270
FY 2024	$1,460	$1,620	$1,940	$2,530	$2,840
FY 2023	$1,250	$1,380	$1,670	$2,200	$2,470

Two-bedroom rent in nearby Denver County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 80207
80201	$2,150	−2.7%
80202	$3,060	+38.5%
80203	$2,480	+12.2%
80204	$2,260	+2.3%
80205	$2,360	+6.8%
80206	$2,330	+5.4%
80207Current	$2,210	—
80209	$2,430	+10.0%
80210	$2,420	+9.5%
80211	$2,670	+20.8%
80212	$2,190	−0.9%
80216	$2,290	+3.6%

Questions about ZIP 80207 rents

How much will Section 8 pay for a two-bedroom in ZIP 80207?

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 $2,210 it would be $1,989 to $2,431. 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 80207 in?

ZIP 80207 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 80207 for FY 2027?

The two-bedroom FMR rose 2.8%, from $2,150 in FY 2026 to $2,210 in FY 2027. Since FY 2023 it has risen 32.3%.

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