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El Paso County/Colorado Springs/80918

80918

ZIPSAFMR
El Paso County, CO
Zillow

ZIP Investment Score

74Below average

095130300
BRFMR
Eff. Rent
0 BR$1,200$950
1 BR$1,460$1,320
2 BR$1,720$1,820
3 BR$2,380$2,040
4 BR$2,730$2,250
5 BR$3,139Not available
6 BR$3,610Not available
7 BR$4,152Not available
8 BR$4,775Not available

Purchase Price Calculator

Maximum purchase price
$208,535

Cost breakdown

+Likely effective rent$1,820
HUD FMR$1,720
Market rent$1,880
Est. payment standard (106%)Used$1,820
-Principal and interest-$1,054
Loan amount$166,828
Down payment$41,707
Rate6.50%
Term30 years
-Operating costs-$566
Property taxes-$209
Insurance-$175
Utilities$0
HOA$0
Management-$182
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,211(70.0% ROI)
Projected value
$224,569
Return breakdown
Property appreciation+$16,034
Loan principal paid down+$5,977
Rental cash flow+$7,200
5-year hold
+$50,062(120.0% ROI)
Projected value
$235,938
Return breakdown
Property appreciation+$27,403
Loan principal paid down+$10,659
Rental cash flow+$12,000
10-year hold
+$107,805(258.5% ROI)
Projected value
$266,942
Return breakdown
Property appreciation+$58,407
Loan principal paid down+$25,398
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.26
1 BR
1.11
2 BR
0.91
3 BR
1.17
4 BR
1.21
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 80918 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80918 (Colorado Springs, CO) is $1,720 a month. That is down 3.9% from $1,790 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, 80918 has the 23rd-highest two-bedroom rent (county range $1,010–$2,430). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80918 is 25% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 80918
BedroomsFY 2027Change90–110% range
Studio$1,200−2.4%$1,080–$1,320
1BR$1,460−3.3%$1,314–$1,606
2BR$1,720−3.9%$1,548–$1,892
3BR$2,380−4.4%$2,142–$2,618
4BR$2,730−3.5%$2,457–$3,003

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 80918
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,200$1,460$1,720$2,380$2,730
FY 2026$1,230$1,510$1,790$2,490$2,830
FY 2025$1,200$1,450$1,750$2,450$2,800
FY 2024$1,220$1,450$1,780$2,510$2,950
FY 2023$1,090$1,260$1,580$2,250$2,690

Two-bedroom rent in nearby El Paso County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 80918
80912$1,620−5.8%
80913$1,890+9.9%
80914$1,900+10.5%
80915$1,480−14.0%
80916$1,560−9.3%
80917$1,460−15.1%
80918Current$1,720—
80919$1,790+4.1%
80920$1,970+14.5%
80921$2,120+23.3%
80922$1,970+14.5%
80923$1,960+14.0%

Questions about ZIP 80918 rents

How much will Section 8 pay for a two-bedroom in ZIP 80918?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,720, that basic range is $1,548 to $1,892 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 80918 in?

ZIP 80918 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 80918 for FY 2027?

The two-bedroom FMR fell 3.9%, from $1,790 in FY 2026 to $1,720 in FY 2027. Since FY 2023 it has risen 8.9%.

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