The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Pierce, CO 80650's Section 8 Fair Market Rent

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in the 80650 zip code area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $990 to a high of $1,210, with an average of $1,100.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,107, a maximum of $1,353, and an average of $1,230.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,431, peaking at a maximum of $1,749, and averaging at $1,590.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,016, a maximum of $2,464, and an average of $2,240.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,232 to a maximum of $2,728, with an average of $2,480.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year City, State, Zipcode HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Pierce, CO 80650 Low Rent (90%) $990 $1,107 $1,431 $2,016 $2,232
Average Rent $1,100 $1,230 $1,590 $2,240 $2,480
High Rent(110%) $1,210 $1,353 $1,749 $2,464 $2,728
2023 Pierce, CO 80650 Low Rent (90%) $873 $981 $1,269 $1,800 $1,980
Average Rent $970 $1,090 $1,410 $2,000 $2,200
High Rent (110%) $1,067 $1,199 $1,551 $2,200 $2,420
2022 Pierce, CO 80650 Low Rent (90%) $765 $837 $1,080 $1,530 $1,719
Average Rent $850 $930 $1,200 $1,700 $1,910
High Rent(110%) $935 $1,023 $1,320 $1,870 $2,101
2021 Pierce, CO 80650 Low Rent (90%) $612 $702 $882 $1,260 $1,485
Average Rent $680 $780 $980 $1,400 $1,650
High Rent (110%) $748 $858 $1,078 $1,540 $1,815
2020 Pierce, CO 80650 Low Rent (90%) $540 $648 $810 $1,170 $1,413
Average Rent $600 $720 $900 $1,300 $1,570
High Rent(110%) $660 $792 $990 $1,430 $1,727
2019 Pierce, CO 80650 Low Rent (90%) $513 $603 $765 $1,107 $1,341
Average Rent $570 $670 $850 $1,230 $1,490
High Rent (110%) $627 $737 $935 $1,353 $1,639


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