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El Paso County/Colorado Springs/80910

80910

ZIPSAFMR
El Paso County, CO
Zillow

ZIP Investment Score

89Below average

095130300
BRFMR
Eff. Rent
0 BR$1,040$880
1 BR$1,280$1,110
2 BR$1,500$1,430
3 BR$2,080$1,910
4 BR$2,380$2,090
5 BR$2,737Not available
6 BR$3,148Not available
7 BR$3,620Not available
8 BR$4,163Not available

Purchase Price Calculator

Maximum purchase price
$150,581

Cost breakdown

+Likely effective rent$1,430
HUD FMR$1,500
Market rentUsed$1,430
Est. payment standard (97%)$1,450
-Principal and interest-$761
Loan amount$120,465
Down payment$30,116
Rate6.50%
Term30 years
-Operating costs-$469
Property taxes-$151
Insurance-$175
Utilities$0
HOA$0
Management-$143
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,094(76.7% ROI)
Projected value
$162,159
Return breakdown
Property appreciation+$11,578
Loan principal paid down+$4,316
Rental cash flow+$7,200
5-year hold
+$39,484(131.1% ROI)
Projected value
$170,368
Return breakdown
Property appreciation+$19,788
Loan principal paid down+$7,697
Rental cash flow+$12,000
10-year hold
+$84,515(280.6% ROI)
Projected value
$192,756
Return breakdown
Property appreciation+$42,175
Loan principal paid down+$18,339
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.18
1 BR
1.15
2 BR
1.05
3 BR
1.09
4 BR
1.14
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 80910 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80910 (Colorado Springs, CO) is $1,500 a month. That is down 5.7% from $1,590 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, 80910 has the 45th-highest two-bedroom rent (county range $1,010–$2,430). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80910 is 9% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 80910
BedroomsFY 2027Change90–110% range
Studio$1,040−5.5%$936–$1,144
1BR$1,280−4.5%$1,152–$1,408
2BR$1,500−5.7%$1,350–$1,650
3BR$2,080−5.9%$1,872–$2,288
4BR$2,380−5.6%$2,142–$2,618

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 80910
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,040$1,280$1,500$2,080$2,380
FY 2026$1,100$1,340$1,590$2,210$2,520
FY 2025$1,080$1,310$1,580$2,210$2,530
FY 2024$1,100$1,300$1,600$2,250$2,650
FY 2023$960$1,120$1,400$1,990$2,380

Two-bedroom rent in nearby El Paso County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 80910
80904$1,420−5.3%
80905$1,440−4.0%
80906$1,700+13.3%
80907$1,350−10.0%
80908$1,710+14.0%
80909$1,420−5.3%
80910Current$1,500—
80911$1,670+11.3%
80912$1,620+8.0%
80913$1,890+26.0%
80914$1,900+26.7%
80915$1,480−1.3%

Questions about ZIP 80910 rents

How much will Section 8 pay for a two-bedroom in ZIP 80910?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,500, that basic range is $1,350 to $1,650 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 80910 in?

ZIP 80910 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 80910 for FY 2027?

The two-bedroom FMR fell 5.7%, from $1,590 in FY 2026 to $1,500 in FY 2027. Since FY 2023 it has risen 7.1%.

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