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Pitkin County/Aspen/81611

81611

ZIPSAFMR
Pitkin County, CO
Zillow

ZIP Investment Score

9Below average

095130300
BRFMR
Eff. Rent
0 BR$1,790$1,970
1 BR$2,150$2,370
2 BR$2,570$2,830
3 BR$3,310$3,640
4 BR$3,990$4,390
5 BR$4,589Not available
6 BR$5,277Not available
7 BR$6,068Not available
8 BR$6,979Not available

Purchase Price Calculator

Maximum purchase price
$358,620

Cost breakdown

+Likely effective rent$2,830
HUD FMR$2,570
Market rent$14,270
Est. payment standard (110%)Used$2,830
-Principal and interest-$1,813
Loan amount$286,896
Down payment$71,724
Rate6.50%
Term30 years
-Operating costs-$817
Property taxes-$359
Insurance-$175
Utilities$0
HOA$0
Management-$283
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,053(62.8% ROI)
Projected value
$386,195
Return breakdown
Property appreciation+$27,575
Loan principal paid down+$10,279
Rental cash flow+$7,200
5-year hold
+$77,456(108.0% ROI)
Projected value
$405,746
Return breakdown
Property appreciation+$47,126
Loan principal paid down+$18,330
Rental cash flow+$12,000
10-year hold
+$168,121(234.4% ROI)
Projected value
$459,064
Return breakdown
Property appreciation+$100,444
Loan principal paid down+$43,677
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.24
1 BR
0.18
2 BR
0.18
3 BR
0.22
4 BR
0.27
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 81611 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 81611 (Aspen, CO) is $2,570 a month. That is up 15.2% from $2,230 in FY 2026. Aspen is in the Pitkin 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 $2,597. Among 6 ZIP codes in Pitkin County, 81611 has the 5th-highest two-bedroom rent (county range $2,410–$2,700). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 81611 is 87% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 81611
BedroomsFY 2027Change90–110% range
Studio$1,790+16.2%$1,611–$1,969
1BR$2,150+5.9%$1,935–$2,365
2BR$2,570+15.2%$2,313–$2,827
3BR$3,310+16.1%$2,979–$3,641
4BR$3,990+14.0%$3,591–$4,389

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 81611
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,790$2,150$2,570$3,310$3,990
FY 2026$1,540$2,030$2,230$2,850$3,500
FY 2025$1,650$2,020$2,240$2,860$3,580
FY 2024area FMR$1,630$1,835$2,060$2,491$3,317
FY 2023area FMR$1,366$1,590$1,910$2,325$3,179

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

Two-bedroom rent in nearby Pitkin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 81611
81611Current$2,570—
81612$2,600+1.2%
81615$2,620+1.9%
81642$2,410−6.2%
81654$2,690+4.7%
81656$2,700+5.1%

Questions about ZIP 81611 rents

How much will Section 8 pay for a two-bedroom in ZIP 81611?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $2,597, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,337 to $2,857 a month; under the ZIP-level Small Area FMR of $2,570 it would be $2,313 to $2,827. 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 81611 in?

ZIP 81611 is in the Pitkin County, CO non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $2,597.

How much did fair market rent change in ZIP 81611 for FY 2027?

The two-bedroom FMR rose 15.2%, from $2,230 in FY 2026 to $2,570 in FY 2027. Since FY 2025 it has risen 14.7%.

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