FY2027 Small Area FMR · Manitou Springs, CO

ZIP 80829 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 80829 (Manitou Springs, CO) is $1,210 a month, down 6.2% from FY2026. That is 25% below the Colorado Springs, CO area-wide FMR of $1,621.

2-bedroom SAFMR$1,210per month ▼ 6.2%

Area-wide 2 BR FMR$1,621Colorado Springs, CO

Rank in the area59thof 62 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,089

2 BR Small Area FMR$1,210

110% of SAFMR$1,331

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

Studio$840▼ 5.6%

1 BR$1,030▼ 5.5%

2 BR$1,210▼ 6.2%

3 BR$1,680▼ 6.1%

4 BR$1,920▼ 5.9%

FY2027 FY2026

Where 80829 sits in the Colorado Springs, CO area

Of the 62 ZIP codes HUD lists for the area, 80829 has the 59th highest two-bedroom Small Area FMR. Colorado Springs, CO is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2016), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,089 and $1,331 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$840	$756 – $924	$1,129	$890
1 bedroom	$1,030	$927 – $1,133	$1,380	$1,090
2 bedrooms	$1,210	$1,089 – $1,331	$1,621	$1,290
3 bedrooms	$1,680	$1,512 – $1,848	$2,245	$1,790
4 bedrooms	$1,920	$1,728 – $2,112	$2,574	$2,040

A household renting a two-bedroom home at the Small Area FMR of $1,210 needs about $48,400 a year to keep housing costs at 30% of income. The area median family income is $116,400 and the 80% low-income limit for four people is $93,100. ZIP code 80829 lies mainly in El Paso County. See the Colorado Springs, CO county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
80904	Colorado Springs	3.9 mi	$1,420
80809	Cascade	4.2 mi	$1,940
80905	Colorado Springs	5.3 mi	$1,440
80906	Colorado Springs	6.2 mi	$1,700
80903	Colorado Springs	6.5 mi	$1,540
80907	Colorado Springs	6.8 mi	$1,350

Questions

What is the Fair Market Rent for ZIP code 80829?

HUD's FY2027 Small Area Fair Market Rents for 80829 are $840 (studio), $1,030 (1 BR), $1,210 (2 BR), $1,680 (3 BR) and $1,920 (4 BR) a month.

What is the Section 8 payment standard in 80829?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 80829 that range is $1,089 to $1,331 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 80829?

The FY2026 income limits of the Colorado Springs, CO area apply: median family income $116,400, low-income (80%) limit $93,100 for a family of four.