ZIP 81501 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 81501 in the Grand Junction, CO MSA FMR area.

$880Efficiency
$1,0001 bedroom
$1,2602 bedrooms
$1,7403 bedrooms
$2,1104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$880$792$968$893
1 bedroom$1,000$900$1,100$1,017
2 bedrooms$1,260$1,134$1,386$1,282
3 bedrooms$1,740$1,566$1,914$1,775
4 bedrooms$2,110$1,899$2,321$2,143

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

Income in ZIP 81501

$47,865average adjusted gross income per tax return (2022)
$36,400average salaries and wages per return
9,940tax returns filed
32%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00035.7%
$25,000 to $50,00031.7%
$50,000 to $75,00015.1%
$75,000 to $100,0007.6%
$100,000 to $200,0008.4%
$200,000 or more1.5%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 16.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 81501?

HUD's FY2027 Small Area FMRs for ZIP 81501 (Grand Junction, CO MSA) are $880 efficiency, $1,000 one bedroom, $1,260 two bedrooms, $1,740 three and $2,110 four bedrooms.

What payment standard can a housing authority set in ZIP 81501?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,134 to $1,386.

How affordable is rent in ZIP 81501?

Tax returns filed from ZIP 81501 reported an average adjusted gross income of $47,865 (2022). A two-bedroom unit at the Small Area FMR costs $15,120 a year, or 32% of that income.