ZIP 80516 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 80516 in the Boulder, CO MSA FMR area.

Boulder, CO MSA

$1,970Efficiency

$2,1501 bedroom

$2,6302 bedrooms

$3,5803 bedrooms

$4,2504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,970	$1,773	$2,167	$1,520
1 bedroom	$2,150	$1,935	$2,365	$1,735
2 bedrooms	$2,630	$2,367	$2,893	$2,033
3 bedrooms	$3,580	$3,222	$3,938	$2,703
4 bedrooms	$4,250	$3,825	$4,675	$3,146

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Denver-Aurora-Centennial, CO MSA

$1,970Efficiency

$2,1501 bedroom

$2,6302 bedrooms

$3,5803 bedrooms

$4,2504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,970	$1,773	$2,167	$1,751
1 bedroom	$2,150	$1,935	$2,365	$1,831
2 bedrooms	$2,630	$2,367	$2,893	$2,169
3 bedrooms	$3,580	$3,222	$3,938	$2,846
4 bedrooms	$4,250	$3,825	$4,675	$3,183

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Greeley, CO MSA

$1,970Efficiency

$2,1501 bedroom

$2,6302 bedrooms

$3,5803 bedrooms

$4,2504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,970	$1,773	$2,167	$1,240
1 bedroom	$2,150	$1,935	$2,365	$1,307
2 bedrooms	$2,630	$2,367	$2,893	$1,647
3 bedrooms	$3,580	$3,222	$3,938	$2,281
4 bedrooms	$4,250	$3,825	$4,675	$2,753

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 80516

$147,148average adjusted gross income per tax return (2022)

$108,938average salaries and wages per return

18,050tax returns filed

21%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	18.4%
$25,000 to $50,000	11.4%
$50,000 to $75,000	9.8%
$75,000 to $100,000	8.8%
$100,000 to $200,000	28.9%
$200,000 or more	22.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 4.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 80516?

HUD's FY2027 Small Area FMRs for ZIP 80516 (Boulder, CO MSA) are $1,970 efficiency, $2,150 one bedroom, $2,630 two bedrooms, $3,580 three and $4,250 four bedrooms.

What payment standard can a housing authority set in ZIP 80516?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,367 to $2,893.

How affordable is rent in ZIP 80516?

Tax returns filed from ZIP 80516 reported an average adjusted gross income of $147,148 (2022). A two-bedroom unit at the Small Area FMR costs $31,560 a year, or 21% of that income.