FMR is below market; voucher rent may lag private rents.
0.59
1 BR
1 BR
0.73ratio
FMR$1,350
Market$1,860
vs market-$510
FMR is below market; voucher rent may lag private rents.
0.73
2 BR
2 BR
0.75ratio
FMR$1,470
Market$1,950
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.75
3 BR
3 BR
0.96ratio
FMR$2,040
Market$2,130
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR
1.04ratio
FMR$2,340
Market$2,260
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.04
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 80866 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80866 (Woodland Park, CO) is $1,470 a month. That is down 1.3% from $1,490 in FY 2026. Woodland Park is in the Teller County, CO HUD Metro 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 metro-wide two-bedroom FMR of $1,474. Among 6 ZIP codes in Teller County, 80866 has the 3rd-highest two-bedroom rent (county range $1,350–$1,890). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80866 is 7% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 80866
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,030
$1,020
−1.0%
$918–$1,122
1BR
$1,360
$1,350
−0.7%
$1,215–$1,485
2BR
$1,490
$1,470
−1.3%
$1,323–$1,617
3BR
$2,070
$2,040
−1.4%
$1,836–$2,244
4BR
$2,500
$2,340
−6.4%
$2,106–$2,574
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 80866
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,020
$1,350
$1,470
$2,040
$2,340
FY 2026
$1,030
$1,360
$1,490
$2,070
$2,500
FY 2025
$1,010
$1,330
$1,470
$2,060
$2,470
FY 2024
$1,030
$1,350
$1,520
$2,140
$2,580
FY 2023
$900
$1,120
$1,340
$1,900
$2,280
Two-bedroom rent in nearby Teller County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 80866?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,474, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,327 to $1,621 a month; under the ZIP-level Small Area FMR of $1,470 it would be $1,323 to $1,617. 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 80866 in?
ZIP 80866 is in the Teller County, CO HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,474.
How much did fair market rent change in ZIP 80866 for FY 2027?
The two-bedroom FMR fell 1.3%, from $1,490 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 9.7%.
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