FMR is below market; voucher rent may lag private rents.
0.22
1 BR
1 BR
0.18ratio
FMR$2,170
Market$11,950
vs market-$9,780
FMR is below market; voucher rent may lag private rents.
0.18
2 BR
2 BR
0.19ratio
FMR$2,600
Market$13,770
vs market-$11,170
FMR is below market; voucher rent may lag private rents.
0.19
3 BR
3 BR
0.26ratio
FMR$3,350
Market$12,650
vs market-$9,300
FMR is below market; voucher rent may lag private rents.
0.26
4 BR
4 BR
0.27ratio
FMR$4,040
Market$14,830
vs market-$10,790
FMR is below market; voucher rent may lag private rents.
0.27
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 81612 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 81612 (Aspen, CO) is $2,600 a month. That is up 24.4% from $2,090 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, 81612 has the 4th-highest two-bedroom rent (county range $2,410–$2,700). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 81612 is 89% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 81612
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,470
$1,810
+23.1%
$1,629–$1,991
1BR
$1,880
$2,170
+15.4%
$1,953–$2,387
2BR
$2,090
$2,600
+24.4%
$2,340–$2,860
3BR
$2,710
$3,350
+23.6%
$3,015–$3,685
4BR
$3,310
$4,040
+22.1%
$3,636–$4,444
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 81612
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,810
$2,170
$2,600
$3,350
$4,040
FY 2026
$1,470
$1,880
$2,090
$2,710
$3,310
FY 2025
$1,540
$1,860
$2,100
$2,730
$3,380
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
How much will Section 8 pay for a two-bedroom in ZIP 81612?
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 $2,600 it would be $2,340 to $2,860. 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 81612 in?
ZIP 81612 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 81612 for FY 2027?
The two-bedroom FMR rose 24.4%, from $2,090 in FY 2026 to $2,600 in FY 2027. Since FY 2025 it has risen 23.8%.
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