FY2027 Small Area FMR · Colorado Springs, CO
ZIP 80923 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 80923 (Colorado Springs, CO) is $1,960 a month, down 8.4% from FY2026. That is 21% 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 80923 sits in the Colorado Springs, CO area
Of the 62 ZIP codes HUD lists for the area, 80923 has the 17th 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 $1,764 and $2,156 for two bedrooms.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,360 | $1,224 – $1,496 | $1,129 | $1,480 |
| 1 bedroom | $1,670 | $1,503 – $1,837 | $1,380 | $1,810 |
| 2 bedrooms | $1,960 | $1,764 – $2,156 | $1,621 | $2,140 |
| 3 bedrooms | $2,710 | $2,439 – $2,981 | $2,245 | $2,980 |
| 4 bedrooms | $3,110 | $2,799 – $3,421 | $2,574 | $3,390 |
A household renting a two-bedroom home at the Small Area FMR of $1,960 needs about $78,400 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 80923 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
Questions
What is the Fair Market Rent for ZIP code 80923?
HUD's FY2027 Small Area Fair Market Rents for 80923 are $1,360 (studio), $1,670 (1 BR), $1,960 (2 BR), $2,710 (3 BR) and $3,110 (4 BR) a month.
What is the Section 8 payment standard in 80923?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 80923 that range is $1,764 to $2,156 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 80923?
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.