FMR is below market; voucher rent may lag private rents.
0.76
1 BR
1 BR
0.67ratio
FMR$2,120
Market$3,170
vs market-$1,050
FMR is below market; voucher rent may lag private rents.
0.67
2 BR
2 BR
0.61ratio
FMR$2,380
Market$3,920
vs market-$1,540
FMR is below market; voucher rent may lag private rents.
0.61
3 BR
3 BR
0.63ratio
FMR$2,840
Market$4,490
vs market-$1,650
FMR is below market; voucher rent may lag private rents.
0.63
4 BR
4 BR
0.80ratio
FMR$3,700
Market$4,610
vs market-$910
FMR is below market; voucher rent may lag private rents.
0.80
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
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ZIP 80477 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80477 (Steamboat Springs, CO) is $2,380 a month. That is up 17.8% from $2,020 in FY 2026. Steamboat Springs is in the Routt 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 $2,384. Among 8 ZIP codes in Routt County, 80477 has the 3rd-highest two-bedroom rent (county range $1,950–$2,490). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80477 is 73% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 80477
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,720
$2,020
+17.4%
$1,818–$2,222
1BR
$1,840
$2,120
+15.2%
$1,908–$2,332
2BR
$2,020
$2,380
+17.8%
$2,142–$2,618
3BR
$2,420
$2,840
+17.4%
$2,556–$3,124
4BR
$3,170
$3,700
+16.7%
$3,330–$4,070
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 80477
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,020
$2,120
$2,380
$2,840
$3,700
FY 2026
$1,720
$1,840
$2,020
$2,420
$3,170
FY 2025
$1,550
$1,620
$1,890
$2,280
$3,020
FY 2024area FMR
$1,448
$1,489
$1,956
$2,365
$3,319
FY 2023area FMR
$1,279
$1,288
$1,695
$2,063
$2,887
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 80477?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $2,384, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,146 to $2,622 a month; under the ZIP-level Small Area FMR of $2,380 it would be $2,142 to $2,618. 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 80477 in?
ZIP 80477 is in the Routt County, CO non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $2,384.
How much did fair market rent change in ZIP 80477 for FY 2027?
The two-bedroom FMR rose 17.8%, from $2,020 in FY 2026 to $2,380 in FY 2027. Since FY 2025 it has risen 25.9%.
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