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Pitkin County/Snowmass/81654

81654

ZIPSAFMR
Pitkin County, CO
Zillow

ZIP Investment Score

22Below average

095130300
BRFMR
Eff. Rent
0 BR$1,870$2,060
1 BR$2,170$2,390
2 BR$2,690$2,960
3 BR$3,430$3,770
4 BR$4,190$4,610
5 BR$4,819Not available
6 BR$5,541Not available
7 BR$6,372Not available
8 BR$7,328Not available

Purchase Price Calculator

Maximum purchase price
$377,938

Cost breakdown

+Likely effective rent$2,960
HUD FMR$2,690
Market rent$6,620
Est. payment standard (110%)Used$2,960
-Principal and interest-$1,911
Loan amount$302,351
Down payment$75,588
Rate6.50%
Term30 years
-Operating costs-$849
Property taxes-$378
Insurance-$175
Utilities$0
HOA$0
Management-$296
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,092(62.3% ROI)
Projected value
$406,998
Return breakdown
Property appreciation+$29,060
Loan principal paid down+$10,832
Rental cash flow+$7,200
5-year hold
+$80,981(107.1% ROI)
Projected value
$427,602
Return breakdown
Property appreciation+$49,664
Loan principal paid down+$19,317
Rental cash flow+$12,000
10-year hold
+$175,884(232.7% ROI)
Projected value
$483,793
Return breakdown
Property appreciation+$105,855
Loan principal paid down+$46,029
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.26
1 BR
0.38
2 BR
0.41
3 BR
0.40
4 BR
0.34
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 81654 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 81654 (Snowmass, CO) is $2,690 a month. That is up 14.0% from $2,360 in FY 2026. Snowmass 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, 81654 has the 2nd-highest two-bedroom rent (county range $2,410–$2,700). The median county two-bedroom FMR in Colorado is $1,375, so ZIP 81654 is 96% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 81654
BedroomsFY 2027Change90–110% range
Studio$1,870+13.3%$1,683–$2,057
1BR$2,170+9.6%$1,953–$2,387
2BR$2,690+14.0%$2,421–$2,959
3BR$3,430+14.3%$3,087–$3,773
4BR$4,190+14.5%$3,771–$4,609

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 81654
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,870$2,170$2,690$3,430$4,190
FY 2026$1,650$1,980$2,360$3,000$3,660
FY 2025$1,650$1,880$2,300$2,930$3,400
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. 81654
81611$2,570−4.5%
81612$2,600−3.3%
81615$2,620−2.6%
81642$2,410−10.4%
81654Current$2,690—
81656$2,700+0.4%

Questions about ZIP 81654 rents

How much will Section 8 pay for a two-bedroom in ZIP 81654?

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 $2,690 it would be $2,421 to $2,959. 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 81654 in?

ZIP 81654 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 81654 for FY 2027?

The two-bedroom FMR rose 14.0%, from $2,360 in FY 2026 to $2,690 in FY 2027. Since FY 2025 it has risen 17.0%.

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