Skip to main content
Loading page
Adams County/Denver/80229

80229

ZIPSAFMR
Adams County, CO
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$1,690$1,010
1 BR$1,760$1,370
2 BR$2,090$2,150
3 BR$2,740$2,470
4 BR$3,070$2,590
5 BR$3,530Not available
6 BR$4,060Not available
7 BR$4,669Not available
8 BR$5,369Not available

Purchase Price Calculator

Maximum purchase price
$257,573

Cost breakdown

+Likely effective rent$2,150
HUD FMR$2,090
Market rent$2,180
Est. payment standard (103%)Used$2,150
-Principal and interest-$1,302
Loan amount$206,058
Down payment$51,515
Rate6.50%
Term30 years
-Operating costs-$648
Property taxes-$258
Insurance-$175
Utilities$0
HOA$0
Management-$215
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,387(66.8% ROI)
Projected value
$277,378
Return breakdown
Property appreciation+$19,805
Loan principal paid down+$7,383
Rental cash flow+$7,200
5-year hold
+$59,012(114.6% ROI)
Projected value
$291,420
Return breakdown
Property appreciation+$33,847
Loan principal paid down+$13,165
Rental cash flow+$12,000
10-year hold
+$127,512(247.5% ROI)
Projected value
$329,715
Return breakdown
Property appreciation+$72,142
Loan principal paid down+$31,370
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.67
1 BR
1.28
2 BR
0.96
3 BR
1.11
4 BR
1.19
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 80229 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80229 (Denver, CO) is $2,090 a month. That is down 1.9% from $2,130 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 18 ZIP codes in Adams County, 80229 is tied for the 7th-highest two-bedroom rent (county range $1,890–$2,950). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80229 is 52% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 80229
BedroomsFY 2027Change90–110% range
Studio$1,690+0.6%$1,521–$1,859
1BR$1,760−1.7%$1,584–$1,936
2BR$2,090−1.9%$1,881–$2,299
3BR$2,740−1.8%$2,466–$3,014
4BR$3,070−1.3%$2,763–$3,377

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 80229
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,690$1,760$2,090$2,740$3,070
FY 2026$1,680$1,790$2,130$2,790$3,110
FY 2025$1,600$1,750$2,090$2,730$3,050
FY 2024$1,550$1,720$2,060$2,690$3,020
FY 2023$1,300$1,430$1,730$2,280$2,560

Two-bedroom rent in nearby Adams County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 80229
80019$1,890−9.6%
80024$1,890−9.6%
80030$1,890−9.6%
80035$2,060−1.4%
80036$2,060−1.4%
80037$2,060−1.4%
80045$2,380+13.9%
80102$1,890−9.6%
80229Current$2,090—
80233$2,250+7.7%
80241$2,460+17.7%
80260$1,890−9.6%

Questions about ZIP 80229 rents

How much will Section 8 pay for a two-bedroom in ZIP 80229?

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 $2,090 it would be $1,881 to $2,299. 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 80229 in?

ZIP 80229 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 80229 for FY 2027?

The two-bedroom FMR fell 1.9%, from $2,130 in FY 2026 to $2,090 in FY 2027. Since FY 2023 it has risen 20.8%.

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