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Montrose County/Montrose/81403

81403

ZIPSAFMR
Montrose County, CO
Zillow

ZIP Investment Score

48Below average

095130300
BRFMR
Eff. Rent
0 BR$1,080$1,190
1 BR$1,150$1,270
2 BR$1,430$1,570
3 BR$1,980$2,060
4 BR$2,390$2,300
5 BR$2,749Not available
6 BR$3,161Not available
7 BR$3,635Not available
8 BR$4,180Not available

Purchase Price Calculator

Maximum purchase price
$171,385

Cost breakdown

+Likely effective rent$1,570
HUD FMR$1,430
Market rent$1,850
Est. payment standard (110%)Used$1,570
-Principal and interest-$867
Loan amount$137,108
Down payment$34,277
Rate6.50%
Term30 years
-Operating costs-$503
Property taxes-$171
Insurance-$175
Utilities$0
HOA$0
Management-$157
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,290(73.8% ROI)
Projected value
$184,563
Return breakdown
Property appreciation+$13,178
Loan principal paid down+$4,912
Rental cash flow+$7,200
5-year hold
+$43,281(126.3% ROI)
Projected value
$193,906
Return breakdown
Property appreciation+$22,521
Loan principal paid down+$8,760
Rental cash flow+$12,000
10-year hold
+$92,875(271.0% ROI)
Projected value
$219,387
Return breakdown
Property appreciation+$48,002
Loan principal paid down+$20,873
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.67
1 BR
0.78
2 BR
0.77
3 BR
0.94
4 BR
1.04
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 81403 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 81403 (Montrose, CO) is $1,430 a month. That is down 2.1% from $1,460 in FY 2026. Montrose is in the Montrose 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 $1,321. Among 9 ZIP codes in Montrose County, 81403 has the 2nd-highest two-bedroom rent (county range $1,060–$1,490). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 81403 is 4% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 81403
BedroomsFY 2027Change90–110% range
Studio$1,080−1.8%$972–$1,188
1BR$1,150+3.6%$1,035–$1,265
2BR$1,430−2.1%$1,287–$1,573
3BR$1,980−1.0%$1,782–$2,178
4BR$2,390+2.6%$2,151–$2,629

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 81403
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,080$1,150$1,430$1,980$2,390
FY 2026$1,100$1,110$1,460$2,000$2,330
FY 2025$1,210$1,220$1,600$2,150$2,170
FY 2024area FMR$914$920$1,209$1,704$2,052
FY 2023area FMR$801$807$1,062$1,509$1,809

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

Two-bedroom rent in nearby Montrose County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 81403
81401$1,350−5.6%
81402$1,320−7.7%
81403Current$1,430—
81411$1,320−7.7%
81422$1,060−25.9%
81424$1,060−25.9%
81425$1,080−24.5%
81429$1,110−22.4%
81431$1,490+4.2%

Questions about ZIP 81403 rents

How much will Section 8 pay for a two-bedroom in ZIP 81403?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,321, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,189 to $1,453 a month; under the ZIP-level Small Area FMR of $1,430 it would be $1,287 to $1,573. 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 81403 in?

ZIP 81403 is in the Montrose County, CO non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,321.

How much did fair market rent change in ZIP 81403 for FY 2027?

The two-bedroom FMR fell 2.1%, from $1,460 in FY 2026 to $1,430 in FY 2027. Since FY 2025 it has fallen 10.6%.

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