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El Paso County/Colorado Springs/80915

80915

ZIPSAFMR
El Paso County, CO
Zillow

ZIP Investment Score

72Below average

095130300
BRFMR
Eff. Rent
0 BR$1,030$1,130
1 BR$1,260$1,310
2 BR$1,480$1,480
3 BR$2,050$1,970
4 BR$2,350$2,260
5 BR$2,703Not available
6 BR$3,108Not available
7 BR$3,574Not available
8 BR$4,110Not available

Purchase Price Calculator

Maximum purchase price
$158,011

Cost breakdown

+Likely effective rent$1,480
HUD FMR$1,480
Market rent$1,480
Est. payment standard (100%)Used$1,480
-Principal and interest-$799
Loan amount$126,409
Down payment$31,602
Rate6.50%
Term30 years
-Operating costs-$481
Property taxes-$158
Insurance-$175
Utilities$0
HOA$0
Management-$148
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,878(75.6% ROI)
Projected value
$170,160
Return breakdown
Property appreciation+$12,150
Loan principal paid down+$4,529
Rental cash flow+$7,200
5-year hold
+$40,840(129.2% ROI)
Projected value
$178,775
Return breakdown
Property appreciation+$20,764
Loan principal paid down+$8,076
Rental cash flow+$12,000
10-year hold
+$87,501(276.9% ROI)
Projected value
$202,267
Return breakdown
Property appreciation+$44,256
Loan principal paid down+$19,244
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.82
1 BR
0.94
2 BR
1.00
3 BR
1.04
4 BR
1.04
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 80915 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80915 (Colorado Springs, CO) is $1,480 a month. That is down 5.7% from $1,570 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, 80915 has the 46th-highest two-bedroom rent (county range $1,010–$2,430). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80915 is 8% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 80915
BedroomsFY 2027Change90–110% range
Studio$1,030−4.6%$927–$1,133
1BR$1,260−5.3%$1,134–$1,386
2BR$1,480−5.7%$1,332–$1,628
3BR$2,050−6.0%$1,845–$2,255
4BR$2,350−5.2%$2,115–$2,585

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 80915
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,030$1,260$1,480$2,050$2,350
FY 2026$1,080$1,330$1,570$2,180$2,480
FY 2025$1,120$1,350$1,630$2,280$2,610
FY 2024$1,100$1,300$1,600$2,250$2,650
FY 2023$930$1,080$1,360$1,930$2,320

Two-bedroom rent in nearby El Paso County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 80915
80909$1,420−4.1%
80910$1,500+1.4%
80911$1,670+12.8%
80912$1,620+9.5%
80913$1,890+27.7%
80914$1,900+28.4%
80915Current$1,480—
80916$1,560+5.4%
80917$1,460−1.4%
80918$1,720+16.2%
80919$1,790+20.9%
80920$1,970+33.1%

Questions about ZIP 80915 rents

How much will Section 8 pay for a two-bedroom in ZIP 80915?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,480, that basic range is $1,332 to $1,628 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 80915 in?

ZIP 80915 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 80915 for FY 2027?

The two-bedroom FMR fell 5.7%, from $1,570 in FY 2026 to $1,480 in FY 2027. Since FY 2023 it has risen 8.8%.

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

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