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Weld County/Gilcrest/80623

80623

ZIPSAFMR
Weld County, CO
Zillow

ZIP Investment Score

91Below average

095130300
BRFMR
Eff. Rent
0 BR$1,450$1,600
1 BR$1,530$1,680
2 BR$1,930$1,990
3 BR$2,670$2,200
4 BR$3,230$2,350
5 BR$3,714Not available
6 BR$4,272Not available
7 BR$4,912Not available
8 BR$5,649Not available

Purchase Price Calculator

Maximum purchase price
$233,797

Cost breakdown

+Likely effective rent$1,990
HUD FMR$1,930
Market rent$2,020
Est. payment standard (103%)Used$1,990
-Principal and interest-$1,182
Loan amount$187,037
Down payment$46,759
Rate6.50%
Term30 years
-Operating costs-$608
Property taxes-$234
Insurance-$175
Utilities$0
HOA$0
Management-$199
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,878(68.2% ROI)
Projected value
$251,773
Return breakdown
Property appreciation+$17,977
Loan principal paid down+$6,701
Rental cash flow+$7,200
5-year hold
+$54,673(116.9% ROI)
Projected value
$264,519
Return breakdown
Property appreciation+$30,723
Loan principal paid down+$11,950
Rental cash flow+$12,000
10-year hold
+$117,957(252.3% ROI)
Projected value
$299,280
Return breakdown
Property appreciation+$65,483
Loan principal paid down+$28,474
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.68
1 BR
0.74
2 BR
0.96
3 BR
1.21
4 BR
1.37
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 80623 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80623 (Gilcrest, CO) is $1,930 a month. That is up 3.2% from $1,870 in FY 2026. Gilcrest is in the Greeley, 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 $1,647. Among 38 ZIP codes in Weld County, 80623 is tied for the 3rd-highest two-bedroom rent (county range $1,120–$2,440). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80623 is 40% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 80623
BedroomsFY 2027Change90–110% range
Studio$1,450+3.6%$1,305–$1,595
1BR$1,530+3.4%$1,377–$1,683
2BR$1,930+3.2%$1,737–$2,123
3BR$2,670+2.7%$2,403–$2,937
4BR$3,230+4.2%$2,907–$3,553

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 80623
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,450$1,530$1,930$2,670$3,230
FY 2026$1,400$1,480$1,870$2,600$3,100
FY 2025$1,300$1,410$1,790$2,510$2,860
FY 2024$1,120$1,260$1,620$2,280$2,530
FY 2023$850$960$1,240$1,760$1,940

Two-bedroom rent in nearby Weld County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 80623
80611$1,410−26.9%
80612$1,800−6.7%
80615$1,660−14.0%
80620$1,650−14.5%
80621$1,480−23.3%
80622$1,410−26.9%
80623Current$1,930—
80624$1,410−26.9%
80631$1,450−24.9%
80632$1,650−14.5%
80633$1,650−14.5%
80634$1,750−9.3%

Questions about ZIP 80623 rents

How much will Section 8 pay for a two-bedroom in ZIP 80623?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,647, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,482 to $1,812 a month; under the ZIP-level Small Area FMR of $1,930 it would be $1,737 to $2,123. 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 80623 in?

ZIP 80623 is in the Greeley, CO MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,647.

How much did fair market rent change in ZIP 80623 for FY 2027?

The two-bedroom FMR rose 3.2%, from $1,870 in FY 2026 to $1,930 in FY 2027. Since FY 2023 it has risen 55.6%.

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