FY2027 Small Area FMR · Gardner, CO

ZIP 81040 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 81040 (Gardner, CO) is $1,200 a month, up 8.1% from FY2026. That is 8% above the Huerfano County, CO area-wide FMR of $1,116.

2-bedroom SAFMR$1,200per month ▲ 8.1%

Area-wide 2 BR FMR$1,116Huerfano County, CO

Rank in the area2ndof 4 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,080

2 BR Small Area FMR$1,200

110% of SAFMR$1,320

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

Studio$880▲ 8.6%

1 BR$960▲ 9.1%

2 BR$1,200▲ 8.1%

3 BR$1,560▲ 10.6%

4 BR$1,870▲ 6.9%

FY2027 FY2026

Where 81040 sits in the Huerfano County, CO area

Of the 4 ZIP codes HUD lists for the area, 81040 has the 2nd highest two-bedroom Small Area FMR. Huerfano 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 $1,116 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,200 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	$880	$792 – $968	$829	$810
1 bedroom	$960	$864 – $1,056	$859	$880
2 bedrooms	$1,200	$1,080 – $1,320	$1,116	$1,110
3 bedrooms	$1,560	$1,404 – $1,716	$1,438	$1,410
4 bedrooms	$1,870	$1,683 – $2,057	$1,733	$1,750

A household renting a two-bedroom home at the Small Area FMR of $1,200 needs about $48,000 a year to keep housing costs at 30% of income. The area median family income is $71,000 and the 80% low-income limit for four people is $77,900. ZIP code 81040 lies mainly in Huerfano County. See the Huerfano County, CO county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
81069	Rye	19.2 mi	$1,130
81055	La Veta	21.1 mi	$1,230
81023	Beulah	23.5 mi	$1,200
81019	Colorado City	23.7 mi	$1,440
81133	Fort Garland	24.8 mi	$1,070
81252	Westcliffe	25.1 mi	$1,190

Questions

What is the Fair Market Rent for ZIP code 81040?

HUD's FY2027 Small Area Fair Market Rents for 81040 are $880 (studio), $960 (1 BR), $1,200 (2 BR), $1,560 (3 BR) and $1,870 (4 BR) a month.

What is the Section 8 payment standard in 81040?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 81040 that range is $1,080 to $1,320 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 81040?

The FY2026 income limits of the Huerfano County, CO area apply: median family income $71,000, low-income (80%) limit $77,900 for a family of four.