FMR is near market; voucher and private rents are aligned.
0.93
1 BR
1 BR
0.80ratio
FMR$1,260
Market$1,580
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.80
2 BR
2 BR
0.77ratio
FMR$1,540
Market$1,990
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.77
3 BR
3 BR
0.91ratio
FMR$2,130
Market$2,340
vs market-$210
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR
0.99ratio
FMR$2,570
Market$2,600
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.99
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 81157 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 81157 (Pagosa Springs, CO) is $1,540 a month. That is up 14.9% 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, 81157 has the 2nd-highest two-bedroom rent (county range $1,370–$1,550). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 81157 is 12% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 81157
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,140
$1,250
+9.6%
$1,125–$1,375
1BR
$1,140
$1,260
+10.5%
$1,134–$1,386
2BR
$1,340
$1,540
+14.9%
$1,386–$1,694
3BR
$1,860
$2,130
+14.5%
$1,917–$2,343
4BR
$2,250
$2,570
+14.2%
$2,313–$2,827
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 81157
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,250
$1,260
$1,540
$2,130
$2,570
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 81157?
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 $1,540 it would be $1,386 to $1,694. 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 81157 in?
ZIP 81157 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 81157 for FY 2027?
The two-bedroom FMR rose 14.9%, from $1,340 in FY 2026 to $1,540 in FY 2027. Since FY 2025 it has risen 20.3%.
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