ZIP 81635 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 81635 in the Grand Junction, CO MSA FMR area.

Grand Junction, CO MSA

$1,100Efficiency
$1,1101 bedroom
$1,4502 bedrooms
$2,0103 bedrooms
$2,1604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,100$990$1,210$893
1 bedroom$1,110$999$1,221$1,017
2 bedrooms$1,450$1,305$1,595$1,282
3 bedrooms$2,010$1,809$2,211$1,775
4 bedrooms$2,160$1,944$2,376$2,143

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

Garfield County, CO

$1,100Efficiency
$1,1101 bedroom
$1,4502 bedrooms
$2,0103 bedrooms
$2,1604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,100$990$1,210$1,240
1 bedroom$1,110$999$1,221$1,387
2 bedrooms$1,450$1,305$1,595$1,781
3 bedrooms$2,010$1,809$2,211$2,466
4 bedrooms$2,160$1,944$2,376$2,477

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

Income in ZIP 81635

$61,987average adjusted gross income per tax return (2022)
$47,015average salaries and wages per return
3,200tax returns filed
28%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00025.6%
$25,000 to $50,00027.2%
$50,000 to $75,00018.4%
$75,000 to $100,00011.6%
$100,000 to $200,00015.0%
$200,000 or more2.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 15.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 81635?

HUD's FY2027 Small Area FMRs for ZIP 81635 (Grand Junction, CO MSA) are $1,100 efficiency, $1,110 one bedroom, $1,450 two bedrooms, $2,010 three and $2,160 four bedrooms.

What payment standard can a housing authority set in ZIP 81635?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,305 to $1,595.

How affordable is rent in ZIP 81635?

Tax returns filed from ZIP 81635 reported an average adjusted gross income of $61,987 (2022). A two-bedroom unit at the Small Area FMR costs $17,400 a year, or 28% of that income.