FY2027 Small Area FMR · Steamboat Springs, CO

ZIP 80487 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 80487 (Steamboat Springs, CO) is $2,490 a month, up 16.9% from FY2026. That is 4% above the Routt County, CO area-wide FMR of $2,384.

2-bedroom SAFMR$2,490per month ▲ 16.9%

Area-wide 2 BR FMR$2,384Routt County, CO

Rank in the area1stof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,241

2 BR Small Area FMR$2,490

110% of SAFMR$2,739

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$2,110▲ 15.9%

1 BR$2,210▲ 13.9%

2 BR$2,490▲ 16.9%

3 BR$2,970▲ 16.5%

4 BR$3,870▲ 15.9%

FY2027 FY2026

Where 80487 sits in the Routt County, CO area

Of the 12 ZIP codes HUD lists for the area, 80487 has the 1st highest two-bedroom Small Area FMR. Routt County, CO is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $2,384 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,490 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$2,110	$1,899 – $2,321	$2,020	$1,820
1 bedroom	$2,210	$1,989 – $2,431	$2,119	$1,940
2 bedrooms	$2,490	$2,241 – $2,739	$2,384	$2,130
3 bedrooms	$2,970	$2,673 – $3,267	$2,841	$2,550
4 bedrooms	$3,870	$3,483 – $4,257	$3,702	$3,340

A household renting a two-bedroom home at the Small Area FMR of $2,490 needs about $99,600 a year to keep housing costs at 30% of income. The area median family income is $138,700 and the 80% low-income limit for four people is $106,800. ZIP code 80487 lies mainly in Routt County. See the Routt County, CO county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
80430	Coalmont	16.7 mi	$1,560
81639	Hayden	20.5 mi	$2,130
80428	Clark	21.3 mi	$2,490
80467	Oak Creek	23.1 mi	$1,990
80469	Phippsburg	24.3 mi	$1,950
80480	Walden	28.2 mi	$1,490

Questions

What is the Fair Market Rent for ZIP code 80487?

HUD's FY2027 Small Area Fair Market Rents for 80487 are $2,110 (studio), $2,210 (1 BR), $2,490 (2 BR), $2,970 (3 BR) and $3,870 (4 BR) a month.

What is the Section 8 payment standard in 80487?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 80487 that range is $2,241 to $2,739 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 80487?

The FY2026 income limits of the Routt County, CO area apply: median family income $138,700, low-income (80%) limit $106,800 for a family of four.