Skip to main content
Loading page
El Paso County/Colorado Springs/80927

80927

ZIPSAFMR
El Paso County, CO
Zillow

ZIP Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$1,690$1,520
1 BR$2,070$1,630
2 BR$2,430$2,010
3 BR$3,360$2,260
4 BR$3,860$2,650
5 BR$4,439Not available
6 BR$5,105Not available
7 BR$5,871Not available
8 BR$6,751Not available

Purchase Price Calculator

Maximum purchase price
$236,769

Cost breakdown

+Likely effective rent$2,010
HUD FMR$2,430
Market rentUsed$2,010
Est. payment standard (90%)$2,190
-Principal and interest-$1,197
Loan amount$189,415
Down payment$47,354
Rate6.50%
Term30 years
-Operating costs-$613
Property taxes-$237
Insurance-$175
Utilities$0
HOA$0
Management-$201
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,192(68.0% ROI)
Projected value
$254,974
Return breakdown
Property appreciation+$18,205
Loan principal paid down+$6,786
Rental cash flow+$7,200
5-year hold
+$55,215(116.6% ROI)
Projected value
$267,882
Return breakdown
Property appreciation+$31,113
Loan principal paid down+$12,102
Rental cash flow+$12,000
10-year hold
+$119,152(251.6% ROI)
Projected value
$303,084
Return breakdown
Property appreciation+$66,315
Loan principal paid down+$28,836
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.11
1 BR
1.27
2 BR
1.21
3 BR
1.49
4 BR
1.46
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 80927 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 80927 (Colorado Springs, CO) is $2,430 a month. That is down 6.5% from $2,600 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, 80927 has the highest two-bedroom rent (county range $1,010–$2,430). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 80927 is 77% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 80927
BedroomsFY 2027Change90–110% range
Studio$1,690−5.6%$1,521–$1,859
1BR$2,070−5.5%$1,863–$2,277
2BR$2,430−6.5%$2,187–$2,673
3BR$3,360−7.2%$3,024–$3,696
4BR$3,860−6.1%$3,474–$4,246

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 80927
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,690$2,070$2,430$3,360$3,860
FY 2026$1,790$2,190$2,600$3,620$4,110
FY 2025$1,830$2,210$2,670$3,740$4,270
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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 80927
80921$2,120−12.8%
80922$1,970−18.9%
80923$1,960−19.3%
80924$2,160−11.1%
80925$2,280−6.2%
80926$1,540−36.6%
80927Current$2,430—
80928$1,640−32.5%
80929$2,110−13.2%
80930$2,050−15.6%
80931$1,620−33.3%
80932$1,620−33.3%

Questions about ZIP 80927 rents

How much will Section 8 pay for a two-bedroom in ZIP 80927?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,430, that basic range is $2,187 to $2,673 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 80927 in?

ZIP 80927 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 80927 for FY 2027?

The two-bedroom FMR fell 6.5%, from $2,600 in FY 2026 to $2,430 in FY 2027. Since FY 2023 it has risen 9.0%.

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