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Garfield County/Carbondale/81623

81623

ZIPSAFMR
Garfield County, CO
Zillow

ZIP Investment Score

38Below average

095130300
BRFMR
Eff. Rent
0 BR$1,790$1,970
1 BR$2,000$2,200
2 BR$2,550$2,810
3 BR$3,410$3,750
4 BR$3,730$4,100
5 BR$4,290Not available
6 BR$4,933Not available
7 BR$5,673Not available
8 BR$6,524Not available

Purchase Price Calculator

Maximum purchase price
$355,648

Cost breakdown

+Likely effective rent$2,810
HUD FMR$2,550
Market rent$4,610
Est. payment standard (110%)Used$2,810
-Principal and interest-$1,798
Loan amount$284,519
Down payment$71,130
Rate6.50%
Term30 years
-Operating costs-$812
Property taxes-$356
Insurance-$175
Utilities$0
HOA$0
Management-$281
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$44,740(62.9% ROI)
Projected value
$382,994
Return breakdown
Property appreciation+$27,346
Loan principal paid down+$10,194
Rental cash flow+$7,200
5-year hold
+$76,913(108.1% ROI)
Projected value
$402,383
Return breakdown
Property appreciation+$46,735
Loan principal paid down+$18,178
Rental cash flow+$12,000
10-year hold
+$166,926(234.7% ROI)
Projected value
$455,260
Return breakdown
Property appreciation+$99,612
Loan principal paid down+$43,315
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.45
1 BR
0.54
2 BR
0.55
3 BR
0.64
4 BR
0.56
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 81623 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 81623 (Carbondale, CO) is $2,550 a month. That is up 11.4% from $2,290 in FY 2026. Carbondale 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, 81623 has the highest two-bedroom rent (county range $1,450–$2,550). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 81623 is 86% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 81623
BedroomsFY 2027Change90–110% range
Studio$1,790+5.9%$1,611–$1,969
1BR$2,000+13.0%$1,800–$2,200
2BR$2,550+11.4%$2,295–$2,805
3BR$3,410+11.4%$3,069–$3,751
4BR$3,730+7.2%$3,357–$4,103

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 81623
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,790$2,000$2,550$3,410$3,730
FY 2026$1,690$1,770$2,290$3,060$3,480
FY 2025$1,650$1,730$2,250$3,020$3,340
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. 81623
81601$1,970−22.7%
81602$1,780−30.2%
81623Current$2,550—
81635$1,450−43.1%
81647$1,690−33.7%
81650$1,450−43.1%
81652$2,090−18.0%

Questions about ZIP 81623 rents

How much will Section 8 pay for a two-bedroom in ZIP 81623?

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 $2,550 it would be $2,295 to $2,805. 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 81623 in?

ZIP 81623 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 81623 for FY 2027?

The two-bedroom FMR rose 11.4%, from $2,290 in FY 2026 to $2,550 in FY 2027. Since FY 2025 it has risen 13.3%.

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