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Garfield County/Glenwood Springs/81601

81601

ZIPSAFMR
Garfield County, CO
Zillow

ZIP Investment Score

44Below average

095130300
BRFMR
Eff. Rent
0 BR$1,370$1,510
1 BR$1,530$1,680
2 BR$1,970$2,170
3 BR$2,730$2,910
4 BR$2,740$3,010
5 BR$3,151Not available
6 BR$3,624Not available
7 BR$4,167Not available
8 BR$4,792Not available

Purchase Price Calculator

Maximum purchase price
$260,545

Cost breakdown

+Likely effective rent$2,170
HUD FMR$1,970
Market rent$2,650
Est. payment standard (110%)Used$2,170
-Principal and interest-$1,317
Loan amount$208,436
Down payment$52,109
Rate6.50%
Term30 years
-Operating costs-$653
Property taxes-$261
Insurance-$175
Utilities$0
HOA$0
Management-$217
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,701(66.6% ROI)
Projected value
$280,578
Return breakdown
Property appreciation+$20,033
Loan principal paid down+$7,468
Rental cash flow+$7,200
5-year hold
+$59,555(114.3% ROI)
Projected value
$294,782
Return breakdown
Property appreciation+$34,238
Loan principal paid down+$13,317
Rental cash flow+$12,000
10-year hold
+$128,707(247.0% ROI)
Projected value
$333,519
Return breakdown
Property appreciation+$72,975
Loan principal paid down+$31,732
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.61
1 BR
0.70
2 BR
0.74
3 BR
0.91
4 BR
0.86
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 81601 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 81601 (Glenwood Springs, CO) is $1,970 a month. That is up 15.2% from $1,710 in FY 2026. Glenwood Springs is in the Garfield 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 $1,781. Among 7 ZIP codes in Garfield County, 81601 has the 3rd-highest two-bedroom rent (county range $1,450–$2,550). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 81601 is 43% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 81601
BedroomsFY 2027Change90–110% range
Studio$1,370+6.2%$1,233–$1,507
1BR$1,530+17.7%$1,377–$1,683
2BR$1,970+15.2%$1,773–$2,167
3BR$2,730+14.7%$2,457–$3,003
4BR$2,740+7.5%$2,466–$3,014

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 81601
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,370$1,530$1,970$2,730$2,740
FY 2026$1,290$1,300$1,710$2,380$2,550
FY 2025$1,230$1,230$1,620$2,270$2,500
FY 2024area FMR$1,162$1,170$1,537$2,166$2,438
FY 2023area FMR$1,094$1,101$1,357$1,861$2,275

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

Two-bedroom rent in nearby Garfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 81601
81601Current$1,970—
81602$1,780−9.6%
81623$2,550+29.4%
81635$1,450−26.4%
81647$1,690−14.2%
81650$1,450−26.4%
81652$2,090+6.1%

Questions about ZIP 81601 rents

How much will Section 8 pay for a two-bedroom in ZIP 81601?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,781, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,603 to $1,959 a month; under the ZIP-level Small Area FMR of $1,970 it would be $1,773 to $2,167. 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 81601 in?

ZIP 81601 is in the Garfield County, CO non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,781.

How much did fair market rent change in ZIP 81601 for FY 2027?

The two-bedroom FMR rose 15.2%, from $1,710 in FY 2026 to $1,970 in FY 2027. Since FY 2025 it has risen 21.6%.

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