Skip to main content
Loading page
Rio Grande County/Del Norte/81132

81132

ZIPSAFMR
Rio Grande County, CO
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$900$900
1 BR$940$940
2 BR$1,210$1,210
3 BR$1,450$1,450
4 BR$1,880$1,880
5 BR$2,162Not available
6 BR$2,486Not available
7 BR$2,859Not available
8 BR$3,288Not available

Purchase Price Calculator

Maximum purchase price
$117,889

Cost breakdown

+Likely effective rent$1,210
HUD FMRUsed$1,210
Market rentN/A
Est. payment standardN/A
-Principal and interest-$596
Loan amount$94,311
Down payment$23,578
Rate6.50%
Term30 years
-Operating costs-$414
Property taxes-$118
Insurance-$175
Utilities$0
HOA$0
Management-$121
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,644(83.3% ROI)
Projected value
$126,954
Return breakdown
Property appreciation+$9,065
Loan principal paid down+$3,379
Rental cash flow+$7,200
5-year hold
+$33,517(142.2% ROI)
Projected value
$133,381
Return breakdown
Property appreciation+$15,492
Loan principal paid down+$6,026
Rental cash flow+$12,000
10-year hold
+$71,377(302.7% ROI)
Projected value
$150,908
Return breakdown
Property appreciation+$33,019
Loan principal paid down+$14,358
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 81132 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 81132 (Del Norte, CO) is $1,210 a month. That is up 13.1% from $1,070 in FY 2026. Del Norte is in the Rio Grande County, CO non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,220. Among 5 ZIP codes in Rio Grande County, 81132 has the 4th-highest two-bedroom rent (county range $1,010–$1,280). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 81132 is 12% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 81132
BedroomsFY 2027Change90–110% range
Studio$900+9.8%$810–$990
1BR$940−1.1%$846–$1,034
2BR$1,210+13.1%$1,089–$1,331
3BR$1,450+11.5%$1,305–$1,595
4BR$1,880+11.9%$1,692–$2,068

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 81132
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$900$940$1,210$1,450$1,880
FY 2026$820$950$1,070$1,300$1,680
FY 2025$780$850$1,000$1,210$1,590
FY 2024area FMR$842$843$1,073$1,297$1,728
FY 2023area FMR$691$695$899$1,204$1,452

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Rio Grande County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 81132
81125$1,010−16.5%
81132Current$1,210—
81135$1,220+0.8%
81144$1,260+4.1%
81154$1,280+5.8%

Questions about ZIP 81132 rents

How much will Section 8 pay for a two-bedroom in ZIP 81132?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,220, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,098 to $1,342 a month; under the ZIP-level Small Area FMR of $1,210 it would be $1,089 to $1,331. 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 81132 in?

ZIP 81132 is in the Rio Grande County, CO non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,220.

How much did fair market rent change in ZIP 81132 for FY 2027?

The two-bedroom FMR rose 13.1%, from $1,070 in FY 2026 to $1,210 in FY 2027. Since FY 2025 it has risen 21.0%.

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 rentDel Norte, CO fair market rentCO statewide rentsWhat is SAFMR?Data sources