FMR is below market; voucher rent may lag private rents.
0.87
1 BR
1 BR
0.87ratio
FMR$2,120
Market$2,430
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.87
2 BR
2 BR
0.81ratio
FMR$2,770
Market$3,400
vs market-$630
FMR is below market; voucher rent may lag private rents.
0.81
3 BR
3 BR
0.68ratio
FMR$3,300
Market$4,880
vs market-$1,580
FMR is below market; voucher rent may lag private rents.
0.68
4 BR
4 BR
0.69ratio
FMR$3,750
Market$5,400
vs market-$1,650
FMR is below market; voucher rent may lag private rents.
0.69
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 80497 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80497 (Silverthorne, CO) is $2,770 a month. That is up 12.1% from $2,470 in FY 2026. Silverthorne is in the Summit 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 $2,766. Among 5 ZIP codes in Summit County, 80497 has the 3rd-highest two-bedroom rent (county range $2,380–$3,590). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80497 is 102% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 80497
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,700
$1,930
+13.5%
$1,737–$2,123
1BR
$1,880
$2,120
+12.8%
$1,908–$2,332
2BR
$2,470
$2,770
+12.1%
$2,493–$3,047
3BR
$2,960
$3,300
+11.5%
$2,970–$3,630
4BR
$3,270
$3,750
+14.7%
$3,375–$4,125
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 80497
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,930
$2,120
$2,770
$3,300
$3,750
FY 2026
$1,700
$1,880
$2,470
$2,960
$3,270
FY 2025
$1,570
$1,750
$2,290
$3,120
$3,350
FY 2024area FMR
$1,551
$1,690
$2,220
$3,128
$3,650
FY 2023area FMR
$1,350
$1,573
$1,860
$2,643
$3,168
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Summit County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 80497?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $2,766, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,489 to $3,043 a month; under the ZIP-level Small Area FMR of $2,770 it would be $2,493 to $3,047. 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 80497 in?
ZIP 80497 is in the Summit County, CO non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $2,766.
How much did fair market rent change in ZIP 80497 for FY 2027?
The two-bedroom FMR rose 12.1%, from $2,470 in FY 2026 to $2,770 in FY 2027. Since FY 2025 it has risen 21.0%.
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