FY2027 Small Area FMR · Colorado Springs, CO

ZIP 80903 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 80903 (Colorado Springs, CO) is $1,540 a month, down 4.9% from FY2026. That is 5% below the Colorado Springs, CO area-wide FMR of $1,621.

2-bedroom SAFMR$1,540per month ▼ 4.9%

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

Rank in the area46thof 62 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,386

2 BR Small Area FMR$1,540

110% of SAFMR$1,694

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

Studio$1,070▼ 4.5%

1 BR$1,310▼ 4.4%

2 BR$1,540▼ 4.9%

3 BR$2,130▼ 5.3%

4 BR$2,450▼ 4.3%

FY2027 FY2026

Where 80903 sits in the Colorado Springs, CO area

Of the 62 ZIP codes HUD lists for the area, 80903 has the 46th 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 $1,386 and $1,694 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,070	$963 – $1,177	$1,129	$1,120
1 bedroom	$1,310	$1,179 – $1,441	$1,380	$1,370
2 bedrooms	$1,540	$1,386 – $1,694	$1,621	$1,620
3 bedrooms	$2,130	$1,917 – $2,343	$2,245	$2,250
4 bedrooms	$2,450	$2,205 – $2,695	$2,574	$2,560

A household renting a two-bedroom home at the Small Area FMR of $1,540 needs about $61,600 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 80903 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
80905	Colorado Springs	1.5 mi	$1,440
80910	Colorado Springs	2.6 mi	$1,500
80909	Colorado Springs	2.6 mi	$1,420
80907	Colorado Springs	3.3 mi	$1,350
80904	Colorado Springs	3.9 mi	$1,420
80917	Colorado Springs	5.3 mi	$1,460

Questions

What is the Fair Market Rent for ZIP code 80903?

HUD's FY2027 Small Area Fair Market Rents for 80903 are $1,070 (studio), $1,310 (1 BR), $1,540 (2 BR), $2,130 (3 BR) and $2,450 (4 BR) a month.

What is the Section 8 payment standard in 80903?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 80903 that range is $1,386 to $1,694 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 80903?

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.