FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR
0.81ratio
FMR$1,270
Market$1,560
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.81
2 BR
2 BR
0.72ratio
FMR$1,550
Market$2,140
vs market-$590
FMR is below market; voucher rent may lag private rents.
0.72
3 BR
3 BR
0.88ratio
FMR$2,150
Market$2,440
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR
1.01ratio
FMR$2,590
Market$2,570
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.01
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 81147 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 81147 (Pagosa Springs, CO) is $1,550 a month. That is up 15.7% from $1,340 in FY 2026. Pagosa Springs is in the Archuleta 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 $1,542. Among 4 ZIP codes in Archuleta County, 81147 has the highest two-bedroom rent (county range $1,370–$1,550). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 81147 is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 81147
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,140
$1,260
+10.5%
$1,134–$1,386
1BR
$1,140
$1,270
+11.4%
$1,143–$1,397
2BR
$1,340
$1,550
+15.7%
$1,395–$1,705
3BR
$1,860
$2,150
+15.6%
$1,935–$2,365
4BR
$2,250
$2,590
+15.1%
$2,331–$2,849
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 81147
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,260
$1,270
$1,550
$2,150
$2,590
FY 2026
$1,140
$1,140
$1,340
$1,860
$2,250
FY 2025
$1,060
$1,110
$1,280
$1,790
$2,150
FY 2024area FMR
$1,056
$1,063
$1,397
$1,969
$2,249
FY 2023area FMR
$928
$966
$1,232
$1,639
$1,990
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Archuleta County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 81147?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,542, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,388 to $1,696 a month; under the ZIP-level Small Area FMR of $1,550 it would be $1,395 to $1,705. 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 81147 in?
ZIP 81147 is in the Archuleta County, CO non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,542.
How much did fair market rent change in ZIP 81147 for FY 2027?
The two-bedroom FMR rose 15.7%, from $1,340 in FY 2026 to $1,550 in FY 2027. Since FY 2025 it has risen 21.1%.
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