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Mesa County/Grand Junction/81501

81501

ZIPSAFMR
Mesa County, CO
Zillow

ZIP Investment Score

98Above average

095130300
BRFMR
Eff. Rent
0 BR$880$970
1 BR$1,000$1,100
2 BR$1,260$1,390
3 BR$1,740$1,910
4 BR$2,110$2,320
5 BR$2,427Not available
6 BR$2,790Not available
7 BR$3,209Not available
8 BR$3,690Not available

Purchase Price Calculator

Maximum purchase price
$144,637

Cost breakdown

+Likely effective rent$1,390
HUD FMR$1,260
Market rent$1,690
Est. payment standard (110%)Used$1,390
-Principal and interest-$731
Loan amount$115,710
Down payment$28,927
Rate6.50%
Term30 years
-Operating costs-$459
Property taxes-$145
Insurance-$175
Utilities$0
HOA$0
Management-$139
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,467(77.7% ROI)
Projected value
$155,758
Return breakdown
Property appreciation+$11,121
Loan principal paid down+$4,146
Rental cash flow+$7,200
5-year hold
+$38,399(132.7% ROI)
Projected value
$163,643
Return breakdown
Property appreciation+$19,006
Loan principal paid down+$7,393
Rental cash flow+$12,000
10-year hold
+$82,126(283.9% ROI)
Projected value
$185,148
Return breakdown
Property appreciation+$40,511
Loan principal paid down+$17,615
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.81
1 BR
0.69
2 BR
0.75
3 BR
0.85
4 BR
0.83
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 81501 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 81501 (Grand Junction, CO) is $1,260 a month. That is up 2.4% from $1,230 in FY 2026. Grand Junction is in the Grand Junction, CO MSA. 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 metro-wide two-bedroom FMR of $1,282. Among 19 ZIP codes in Mesa County, 81501 is tied for the 15th-highest two-bedroom rent (county range $1,140–$1,750). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 81501 is 8% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 81501
BedroomsFY 2027Change90–110% range
Studio$880+1.1%$792–$968
1BR$1,000+3.1%$900–$1,100
2BR$1,260+2.4%$1,134–$1,386
3BR$1,740+1.8%$1,566–$1,914
4BR$2,110+2.4%$1,899–$2,321

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 81501
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$1,000$1,260$1,740$2,110
FY 2026$870$970$1,230$1,710$2,060
FY 2025$830$910$1,180$1,650$1,980
FY 2024$750$860$1,110$1,560$1,880
FY 2023$740$840$1,100$1,560$1,870

Two-bedroom rent in nearby Mesa County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 81501
81501Current$1,260—
81502$1,280+1.6%
81503$1,190−5.6%
81504$1,540+22.2%
81505$1,590+26.2%
81506$1,310+4.0%
81507$1,750+38.9%
81520$1,140−9.5%
81521$1,610+27.8%
81522$1,280+1.6%
81523$1,640+30.2%
81524$1,510+19.8%

Questions about ZIP 81501 rents

How much will Section 8 pay for a two-bedroom in ZIP 81501?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,282, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,154 to $1,410 a month; under the ZIP-level Small Area FMR of $1,260 it would be $1,134 to $1,386. 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 81501 in?

ZIP 81501 is in the Grand Junction, CO MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,282.

How much did fair market rent change in ZIP 81501 for FY 2027?

The two-bedroom FMR rose 2.4%, from $1,230 in FY 2026 to $1,260 in FY 2027. Since FY 2023 it has risen 14.5%.

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