80913

ZIPSAFMR

El Paso County, CO

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,320	$1,400	-2.9%
1 BR	$1,610	$1,420	-2.0%
2 BR	$1,890	$1,560	-3.6%
3 BR	$2,620	$1,960	-4.0%
4 BR	$3,010	$2,260	-4.8%
5 BR	$3,461	Not available	-4.8%
6 BR	$3,981	Not available	-4.8%
7 BR	$4,578	Not available	-4.8%
8 BR	$5,265	Not available	-4.8%

Purchase Price Calculator

Maximum purchase price

$169,899

Cost breakdown

+Likely effective rent$1,560

HUD FMR$1,890

Market rentUsed$1,560

Est. payment standard (90%)$1,700

-Principal and interest-$859

Loan amount$135,919

Down payment$33,980

Rate6.50%

Term30 years

-Operating costs-$501

Property taxes-$170

Insurance-$175

Utilities$0

HOA$0

Management-$156

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$25,133(74.0% ROI)

Projected value

$182,962

Return breakdown

Property appreciation+$13,064

Loan principal paid down+$4,870

Rental cash flow+$7,200

5-year hold

+$43,010(126.6% ROI)

Projected value

$192,225

Return breakdown

Property appreciation+$22,326

Loan principal paid down+$8,684

Rental cash flow+$12,000

10-year hold

+$92,278(271.6% ROI)

Projected value

$217,485

Return breakdown

Property appreciation+$47,586

Loan principal paid down+$20,692

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.92ratio

FMR$1,320

Market$1,440

vs market-$120

FMR is near market; voucher and private rents are aligned.

0.92

1 BR

1.13ratio

FMR$1,610

Market$1,420

vs market+$190

FMR is above market; underwrite to market rent.

1.13

2 BR

1.21ratio

FMR$1,890

Market$1,560

vs market+$330

FMR is above market; underwrite to market rent.

1.21

3 BR

1.34ratio

FMR$2,620

Market$1,960

vs market+$660

FMR is above market; underwrite to market rent.

1.34

4 BR

1.33ratio

FMR$3,010

Market$2,260

vs market+$750

FMR is above market; underwrite to market rent.

1.33

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: --

ZIP 80913 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80913 (Colorado Springs, CO) is $1,890 a month. That is down 9.1% from $2,080 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, 80913 has the 19th-highest two-bedroom rent (county range $1,010–$2,430). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80913 is 38% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 80913
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,430	$1,320	−7.7%	$1,188–$1,452
1BR	$1,760	$1,610	−8.5%	$1,449–$1,771
2BR	$2,080	$1,890	−9.1%	$1,701–$2,079
3BR	$2,890	$2,620	−9.3%	$2,358–$2,882
4BR	$3,280	$3,010	−8.2%	$2,709–$3,311

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 80913
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,320	$1,610	$1,890	$2,620	$3,010
FY 2026	$1,430	$1,760	$2,080	$2,890	$3,280
FY 2025	$1,490	$1,800	$2,170	$3,040	$3,480
FY 2024	$1,440	$1,710	$2,110	$2,960	$3,490
FY 2023	$1,270	$1,470	$1,840	$2,620	$3,140

Two-bedroom rent in nearby El Paso County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 80913
80907	$1,350	−28.6%
80908	$1,710	−9.5%
80909	$1,420	−24.9%
80910	$1,500	−20.6%
80911	$1,670	−11.6%
80912	$1,620	−14.3%
80913Current	$1,890	—
80914	$1,900	+0.5%
80915	$1,480	−21.7%
80916	$1,560	−17.5%
80917	$1,460	−22.8%
80918	$1,720	−9.0%

Questions about ZIP 80913 rents

How much will Section 8 pay for a two-bedroom in ZIP 80913?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,890, that basic range is $1,701 to $2,079 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 80913 in?

ZIP 80913 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 80913 for FY 2027?

The two-bedroom FMR fell 9.1%, from $2,080 in FY 2026 to $1,890 in FY 2027. Since FY 2023 it has risen 2.7%.

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

County fair market rent Colorado Springs, CO fair market rent CO statewide rents What is SAFMR?Data sources