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El Paso County/Colorado Springs/80903

80903

ZIPSAFMR
El Paso County, CO
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$1,070$1,180
1 BR$1,310$1,440
2 BR$1,540$1,660
3 BR$2,130$1,900
4 BR$2,450$2,010
5 BR$2,818Not available
6 BR$3,240Not available
7 BR$3,726Not available
8 BR$4,285Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$1,540
Market rent$1,730
Est. payment standard (108%)Used$1,660
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.66
1 BR
0.79
2 BR
0.89
3 BR
1.12
4 BR
1.22
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 80903 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80903 (Colorado Springs, CO) is $1,540 a month. That is down 4.9% from $1,620 in FY 2026. Colorado Springs is in the Colorado Springs, CO HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 58 ZIP codes in El Paso County, 80903 is tied for the 43rd-highest two-bedroom rent (county range $1,010–$2,430). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80903 is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 80903
BedroomsFY 2027Change90–110% range
Studio$1,070−4.5%$963–$1,177
1BR$1,310−4.4%$1,179–$1,441
2BR$1,540−4.9%$1,386–$1,694
3BR$2,130−5.3%$1,917–$2,343
4BR$2,450−4.3%$2,205–$2,695

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 80903
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,070$1,310$1,540$2,130$2,450
FY 2026$1,120$1,370$1,620$2,250$2,560
FY 2025$1,080$1,310$1,580$2,210$2,530
FY 2024$1,030$1,220$1,500$2,110$2,490
FY 2023$880$1,020$1,280$1,820$2,180

Two-bedroom rent in nearby El Paso County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 80903
80901$1,620+5.2%
80902$2,050+33.1%
80903Current$1,540—
80904$1,420−7.8%
80905$1,440−6.5%
80906$1,700+10.4%
80907$1,350−12.3%
80908$1,710+11.0%
80909$1,420−7.8%
80910$1,500−2.6%
80911$1,670+8.4%
80912$1,620+5.2%

Questions about ZIP 80903 rents

How much will Section 8 pay for a two-bedroom in ZIP 80903?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,540, that basic range is $1,386 to $1,694 a month. 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 80903 in?

ZIP 80903 is in the Colorado Springs, CO HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 80903 for FY 2027?

The two-bedroom FMR fell 4.9%, from $1,620 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 20.3%.

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