FMR is below market; voucher rent may lag private rents.
0.67
1 BR
1 BR
0.63ratio
FMR$1,150
Market$1,820
vs market-$670
FMR is below market; voucher rent may lag private rents.
0.63
2 BR
2 BR
0.75ratio
FMR$1,490
Market$1,990
vs market-$500
FMR is below market; voucher rent may lag private rents.
0.75
3 BR
3 BR
0.92ratio
FMR$1,920
Market$2,090
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR
1.03ratio
FMR$2,310
Market$2,240
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.03
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 80461 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80461 (Leadville, CO) is $1,490 a month. That is up 10.4% from $1,350 in FY 2026. Leadville is in the Lake County, CO non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,485. Among 2 ZIP codes in Lake County, 80461 has the 2nd-highest two-bedroom rent (county range $1,490–$1,830). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80461 is 8% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 80461
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,020
$1,110
+8.8%
$999–$1,221
1BR
$1,030
$1,150
+11.7%
$1,035–$1,265
2BR
$1,350
$1,490
+10.4%
$1,341–$1,639
3BR
$1,720
$1,920
+11.6%
$1,728–$2,112
4BR
$2,120
$2,310
+9.0%
$2,079–$2,541
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 80461
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,110
$1,150
$1,490
$1,920
$2,310
FY 2026
$1,020
$1,030
$1,350
$1,720
$2,120
FY 2025
$990
$1,000
$1,310
$1,670
$2,100
FY 2024area FMR
$1,031
$1,038
$1,364
$1,753
$2,196
FY 2023area FMR
$796
$859
$970
$1,379
$1,567
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
How much will Section 8 pay for a two-bedroom in ZIP 80461?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,485, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,337 to $1,634 a month; under the ZIP-level Small Area FMR of $1,490 it would be $1,341 to $1,639. 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 80461 in?
ZIP 80461 is in the Lake County, CO non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,485.
How much did fair market rent change in ZIP 80461 for FY 2027?
The two-bedroom FMR rose 10.4%, from $1,350 in FY 2026 to $1,490 in FY 2027. Since FY 2025 it has risen 13.7%.
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