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Gunnison County/Somerset/81434

81434

ZIPSAFMR
Gunnison County, CO
Zillow

ZIP Investment Score

32Below average

095130300
BRFMR
Eff. Rent
0 BR$1,200$1,200
1 BR$1,290$1,290
2 BR$1,590$1,590
3 BR$2,170$2,170
4 BR$2,470$2,470
5 BR$2,841Not available
6 BR$3,267Not available
7 BR$3,757Not available
8 BR$4,320Not available

Purchase Price Calculator

Maximum purchase price
$174,357

Cost breakdown

+Likely effective rent$1,590
HUD FMRUsed$1,590
Market rentN/A
Est. payment standardN/A
-Principal and interest-$882
Loan amount$139,485
Down payment$34,871
Rate6.50%
Term30 years
-Operating costs-$508
Property taxes-$174
Insurance-$175
Utilities$0
HOA$0
Management-$159
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,604(73.4% ROI)
Projected value
$187,763
Return breakdown
Property appreciation+$13,406
Loan principal paid down+$4,997
Rental cash flow+$7,200
5-year hold
+$43,824(125.7% ROI)
Projected value
$197,269
Return breakdown
Property appreciation+$22,912
Loan principal paid down+$8,912
Rental cash flow+$12,000
10-year hold
+$94,070(269.8% ROI)
Projected value
$223,192
Return breakdown
Property appreciation+$48,835
Loan principal paid down+$21,235
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 81434 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 81434 (Somerset, CO) is $1,590 a month. That is up 8.9% from $1,460 in FY 2026. Somerset is in the Gunnison 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 $1,437. Among 9 ZIP codes in Gunnison County, 81434 has the 4th-highest two-bedroom rent (county range $1,330–$2,060). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 81434 is 16% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 81434
BedroomsFY 2027Change90–110% range
Studio$1,200+10.1%$1,080–$1,320
1BR$1,290+10.3%$1,161–$1,419
2BR$1,590+8.9%$1,431–$1,749
3BR$2,170+8.5%$1,953–$2,387
4BR$2,470+4.2%$2,223–$2,717

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 81434
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,200$1,290$1,590$2,170$2,470
FY 2026$1,090$1,170$1,460$2,000$2,370
FY 2025$1,040$1,110$1,410$1,940$2,270
FY 2024area FMR$1,111$1,119$1,470$2,016$2,495
FY 2023area FMR$961$967$1,273$1,721$2,168

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

Two-bedroom rent in nearby Gunnison County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 81434
81210$1,730+8.8%
81220$1,390−12.6%
81224$1,720+8.2%
81225$2,060+29.6%
81230$1,330−16.4%
81237$1,440−9.4%
81239$1,440−9.4%
81243$1,330−16.4%
81434Current$1,590—

Questions about ZIP 81434 rents

How much will Section 8 pay for a two-bedroom in ZIP 81434?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,437, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,293 to $1,581 a month; under the ZIP-level Small Area FMR of $1,590 it would be $1,431 to $1,749. 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 81434 in?

ZIP 81434 is in the Gunnison County, CO non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,437.

How much did fair market rent change in ZIP 81434 for FY 2027?

The two-bedroom FMR rose 8.9%, from $1,460 in FY 2026 to $1,590 in FY 2027. Since FY 2025 it has risen 12.8%.

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