FMR is near market; voucher and private rents are aligned.
0.94
1 BR
1 BR
0.92ratio
FMR$1,540
Market$1,680
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR
0.97ratio
FMR$1,900
Market$1,950
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
3 BR
3 BR
1.29ratio
FMR$2,680
Market$2,080
vs market+$600
FMR is above market; underwrite to market rent.
1.29
4 BR
4 BR
1.49ratio
FMR$3,150
Market$2,110
vs market+$1,040
FMR is above market; underwrite to market rent.
1.49
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
--
Mortgage rate
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ZIP 80914 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80914 (Colorado Springs, CO) is $1,900 a month. That is down 10.0% from $2,110 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, 80914 has the 18th-highest two-bedroom rent (county range $1,010–$2,430). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80914 is 38% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 80914
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,450
$1,310
−9.7%
$1,179–$1,441
1BR
$1,710
$1,540
−9.9%
$1,386–$1,694
2BR
$2,110
$1,900
−10.0%
$1,710–$2,090
3BR
$2,970
$2,680
−9.8%
$2,412–$2,948
4BR
$3,500
$3,150
−10.0%
$2,835–$3,465
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 80914
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,310
$1,540
$1,900
$2,680
$3,150
FY 2026
$1,450
$1,710
$2,110
$2,970
$3,500
FY 2025
$1,610
$1,900
$2,340
$3,300
$3,880
FY 2024
$1,780
$2,110
$2,600
$3,660
$4,310
FY 2023
$1,530
$1,780
$2,230
$3,170
$3,800
Two-bedroom rent in nearby El Paso County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 80914?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,900, that basic range is $1,710 to $2,090 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 80914 in?
ZIP 80914 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 80914 for FY 2027?
The two-bedroom FMR fell 10.0%, from $2,110 in FY 2026 to $1,900 in FY 2027. Since FY 2023 it has fallen 14.8%.
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