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Jefferson County/Denver/80227

80227

ZIPSAFMR
Jefferson County, CO
Zillow

ZIP Investment Score

69Below average

095130300
BRFMR
Eff. Rent
0 BR$1,710$1,130
1 BR$1,790$1,210
2 BR$2,120$1,950
3 BR$2,780$2,560
4 BR$3,110$2,960
5 BR$3,576Not available
6 BR$4,113Not available
7 BR$4,730Not available
8 BR$5,439Not available

Purchase Price Calculator

Maximum purchase price
$227,853

Cost breakdown

+Likely effective rent$1,950
HUD FMR$2,120
Market rentUsed$1,950
Est. payment standard (95%)$2,010
-Principal and interest-$1,152
Loan amount$182,282
Down payment$45,571
Rate6.50%
Term30 years
-Operating costs-$598
Property taxes-$228
Insurance-$175
Utilities$0
HOA$0
Management-$195
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,250(68.6% ROI)
Projected value
$245,372
Return breakdown
Property appreciation+$17,520
Loan principal paid down+$6,531
Rental cash flow+$7,200
5-year hold
+$53,588(117.6% ROI)
Projected value
$257,794
Return breakdown
Property appreciation+$29,942
Loan principal paid down+$11,646
Rental cash flow+$12,000
10-year hold
+$115,568(253.6% ROI)
Projected value
$291,671
Return breakdown
Property appreciation+$63,818
Loan principal paid down+$27,750
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.51
1 BR
1.48
2 BR
1.09
3 BR
1.09
4 BR
1.05
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 80227 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80227 (Denver, CO) is $2,120 a month. That is up 2.9% from $2,060 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 36 ZIP codes in Jefferson County, 80227 has the 27th-highest two-bedroom rent (county range $1,890–$3,210). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80227 is 54% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 80227
BedroomsFY 2027Change90–110% range
Studio$1,710+5.6%$1,539–$1,881
1BR$1,790+3.5%$1,611–$1,969
2BR$2,120+2.9%$1,908–$2,332
3BR$2,780+3.0%$2,502–$3,058
4BR$3,110+3.3%$2,799–$3,421

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 80227
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,710$1,790$2,120$2,780$3,110
FY 2026$1,620$1,730$2,060$2,700$3,010
FY 2025$1,570$1,710$2,050$2,680$3,000
FY 2024$1,590$1,760$2,110$2,760$3,090
FY 2023$1,360$1,500$1,810$2,390$2,680

Two-bedroom rent in nearby Jefferson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 80227
80127$2,470+16.5%
80162$2,140+0.9%
80214$1,900−10.4%
80215$2,020−4.7%
80225$2,140+0.9%
80226$1,930−9.0%
80227Current$2,120—
80228$2,300+8.5%
80232$2,000−5.7%
80401$2,190+3.3%
80402$2,140+0.9%
80403$2,460+16.0%

Questions about ZIP 80227 rents

How much will Section 8 pay for a two-bedroom in ZIP 80227?

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 $2,120 it would be $1,908 to $2,332. 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 80227 in?

ZIP 80227 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 80227 for FY 2027?

The two-bedroom FMR rose 2.9%, from $2,060 in FY 2026 to $2,120 in FY 2027. Since FY 2023 it has risen 17.1%.

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