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Fremont County/Howard/81233

81233

ZIPSAFMR
Fremont County, CO
Zillow

ZIP Investment Score

69Below average

095130300
BRFMR
Eff. Rent
0 BR$1,400$1,400
1 BR$1,430$1,430
2 BR$1,880$1,880
3 BR$2,400$2,400
4 BR$2,920$2,920
5 BR$3,358Not available
6 BR$3,862Not available
7 BR$4,441Not available
8 BR$5,107Not available

Purchase Price Calculator

Maximum purchase price
$217,451

Cost breakdown

+Likely effective rent$1,880
HUD FMRUsed$1,880
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,100
Loan amount$173,961
Down payment$43,490
Rate6.50%
Term30 years
-Operating costs-$580
Property taxes-$217
Insurance-$175
Utilities$0
HOA$0
Management-$188
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,153(69.3% ROI)
Projected value
$234,171
Return breakdown
Property appreciation+$16,720
Loan principal paid down+$6,233
Rental cash flow+$7,200
5-year hold
+$51,689(118.9% ROI)
Projected value
$246,026
Return breakdown
Property appreciation+$28,575
Loan principal paid down+$11,114
Rental cash flow+$12,000
10-year hold
+$111,388(256.1% ROI)
Projected value
$278,355
Return breakdown
Property appreciation+$60,905
Loan principal paid down+$26,484
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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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
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Tax rate
--
Mortgage rate
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ZIP 81233 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 81233 (Howard, CO) is $1,880 a month. That is up 15.3% from $1,630 in FY 2026. Howard 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, 81233 has the 3rd-highest two-bedroom rent (county range $1,290–$2,150). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 81233 is 37% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 81233
BedroomsFY 2027Change90–110% range
Studio$1,400+12.9%$1,260–$1,540
1BR$1,430+14.4%$1,287–$1,573
2BR$1,880+15.3%$1,692–$2,068
3BR$2,400+12.1%$2,160–$2,640
4BR$2,920+28.6%$2,628–$3,212

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 81233
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,400$1,430$1,880$2,400$2,920
FY 2026$1,240$1,250$1,630$2,140$2,270
FY 2025$1,130$1,140$1,500$1,980$2,170
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 code2 bedroomvs. 81233
81212$1,440−23.4%
81215$1,440−23.4%
81221$1,410−25.0%
81222$2,130+13.3%
81223$2,150+14.4%
81226$1,340−28.7%
81232$1,440−23.4%
81233Current$1,880—
81240$1,290−31.4%
81244$1,290−31.4%

Questions about ZIP 81233 rents

How much will Section 8 pay for a two-bedroom in ZIP 81233?

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 $1,880 it would be $1,692 to $2,068. 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 81233 in?

ZIP 81233 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 81233 for FY 2027?

The two-bedroom FMR rose 15.3%, from $1,630 in FY 2026 to $1,880 in FY 2027. Since FY 2025 it has risen 25.3%.

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

County fair market rentHoward, CO fair market rentCO statewide rentsWhat is SAFMR?Data sources