FY2027 Small Area FMR · Peyton, CO
ZIP 80831 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 80831 (Peyton, CO) is $2,330 a month, down 7.9% from FY2026. That is 44% above the Colorado Springs, CO area-wide FMR of $1,621.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 80831 sits in the Colorado Springs, CO area
Of the 62 ZIP codes HUD lists for the area, 80831 has the 2nd 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 $2,097 and $2,563 for two bedrooms.
ZIP code 80831 crosses more than one HUD area. HUD also lists it under Denver-Aurora-Centennial, CO (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,620 | $1,458 – $1,782 | $1,129 | $1,750 |
| 1 bedroom | $1,980 | $1,782 – $2,178 | $1,380 | $2,140 |
| 2 bedrooms | $2,330 | $2,097 – $2,563 | $1,621 | $2,530 |
| 3 bedrooms | $3,230 | $2,907 – $3,553 | $2,245 | $3,520 |
| 4 bedrooms | $3,700 | $3,330 – $4,070 | $2,574 | $4,000 |
A household renting a two-bedroom home at the Small Area FMR of $2,330 needs about $93,200 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 80831 lies mainly in El Paso County and Elbert County. See the Colorado Springs, CO county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 80831?
HUD's FY2027 Small Area Fair Market Rents for 80831 are $1,620 (studio), $1,980 (1 BR), $2,330 (2 BR), $3,230 (3 BR) and $3,700 (4 BR) a month.
What is the Section 8 payment standard in 80831?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 80831 that range is $2,097 to $2,563 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 80831?
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.