Fremont County/Coal Creek/81221

81221

ZIPSAFMR

Fremont County, CO

View on ZillowZillow

ZIP Investment Score

73Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,050	$1,110	4.8%
1 BR	$1,080	$1,180	5.6%
2 BR	$1,410	$1,420	5.3%
3 BR	$1,760	$1,550	1.8%
4 BR	$2,190	$1,470	5.5%
5 BR	$2,519	Not available	5.5%
6 BR	$2,896	Not available	5.5%
7 BR	$3,331	Not available	5.5%
8 BR	$3,830	Not available	5.5%

Purchase Price Calculator

Maximum purchase price

$149,095

Cost breakdown

+Likely effective rent$1,420

HUD FMR$1,410

Market rent$1,430

Est. payment standard (101%)Used$1,420

-Principal and interest-$754

Loan amount$119,276

Down payment$29,819

Rate6.50%

Term30 years

-Operating costs-$466

Property taxes-$149

Insurance-$175

Utilities$0

HOA$0

Management-$142

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$22,937(76.9% ROI)

Projected value

$160,559

Return breakdown

Property appreciation+$11,464

Loan principal paid down+$4,273

Rental cash flow+$7,200

5-year hold

+$39,213(131.5% ROI)

Projected value

$168,687

Return breakdown

Property appreciation+$19,592

Loan principal paid down+$7,621

Rental cash flow+$12,000

10-year hold

+$83,918(281.4% ROI)

Projected value

$190,854

Return breakdown

Property appreciation+$41,759

Loan principal paid down+$18,158

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.92ratio

FMR$1,050

Market$1,140

vs market-$90

FMR is near market; voucher and private rents are aligned.

0.92

1 BR

0.87ratio

FMR$1,080

Market$1,240

vs market-$160

FMR is below market; voucher rent may lag private rents.

0.87

2 BR

0.99ratio

FMR$1,410

Market$1,430

vs market-$20

FMR is near market; voucher and private rents are aligned.

0.99

3 BR

1.14ratio

FMR$1,760

Market$1,550

vs market+$210

FMR is above market; underwrite to market rent.

1.14

4 BR

1.49ratio

FMR$2,190

Market$1,470

vs market+$720

FMR is above market; underwrite to market rent.

1.49

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 81221 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 81221 (Coal Creek, CO) is $1,410 a month. That is up 21.6% from $1,160 in FY 2026. Coal Creek is in the Fremont 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 $1,436. Among 10 ZIP codes in Fremont County, 81221 has the 7th-highest two-bedroom rent (county range $1,290–$2,150). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 81221 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 81221
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$880	$1,050	+19.3%	$945–$1,155
1BR	$880	$1,080	+22.7%	$972–$1,188
2BR	$1,160	$1,410	+21.6%	$1,269–$1,551
3BR	$1,490	$1,760	+18.1%	$1,584–$1,936
4BR	$1,540	$2,190	+42.2%	$1,971–$2,409

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 81221
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,050	$1,080	$1,410	$1,760	$2,190
FY 2026	$880	$880	$1,160	$1,490	$1,540
FY 2025	$830	$830	$1,090	$1,510	$1,680
FY 2024area FMR	$912	$918	$1,206	$1,669	$1,866
FY 2023area FMR	$792	$798	$1,050	$1,492	$1,646

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

Two-bedroom rent in nearby Fremont County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 81221
81212	$1,440	+2.1%
81215	$1,440	+2.1%
81221Current	$1,410	—
81222	$2,130	+51.1%
81223	$2,150	+52.5%
81226	$1,340	−5.0%
81232	$1,440	+2.1%
81233	$1,880	+33.3%
81240	$1,290	−8.5%
81244	$1,290	−8.5%

Questions about ZIP 81221 rents

How much will Section 8 pay for a two-bedroom in ZIP 81221?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,436, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,292 to $1,580 a month; under the ZIP-level Small Area FMR of $1,410 it would be $1,269 to $1,551. 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 81221 in?

ZIP 81221 is in the Fremont County, CO non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,436.

How much did fair market rent change in ZIP 81221 for FY 2027?

The two-bedroom FMR rose 21.6%, from $1,160 in FY 2026 to $1,410 in FY 2027. Since FY 2025 it has risen 29.4%.

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 rent Coal Creek, CO fair market rent CO statewide rents What is SAFMR?Data sources