FY2027 Small Area FMR · Homelake, CO

ZIP 81135 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 81135 (Homelake, CO) is $1,220 a month, up 11.9% from FY2026. That is 0% equal to the Rio Grande County, CO area-wide FMR of $1,220.

2-bedroom SAFMR$1,220per month ▲ 11.9%

Area-wide 2 BR FMR$1,220Rio Grande County, CO

Rank in the area3rdof 6 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,098

2 BR Small Area FMR$1,220

110% of SAFMR$1,342

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

Studio$910▲ 8.3%

1 BR$940▼ 3.1%

2 BR$1,220▲ 11.9%

3 BR$1,450▲ 10.7%

4 BR$1,890▲ 10.5%

FY2027 FY2026

Where 81135 sits in the Rio Grande County, CO area

Of the 6 ZIP codes HUD lists for the area, 81135 has the 3rd highest two-bedroom Small Area FMR. Rio Grande 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 $1,220 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,220 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	$910	$819 – $1,001	$906	$840
1 bedroom	$940	$846 – $1,034	$939	$970
2 bedrooms	$1,220	$1,098 – $1,342	$1,220	$1,090
3 bedrooms	$1,450	$1,305 – $1,595	$1,454	$1,310
4 bedrooms	$1,890	$1,701 – $2,079	$1,895	$1,710

A household renting a two-bedroom home at the Small Area FMR of $1,220 needs about $48,800 a year to keep housing costs at 30% of income. The area median family income is $87,800 and the 80% low-income limit for four people is $77,900. ZIP code 81135 lies mainly in Rio Grande County. See the Rio Grande County, CO county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
81144	Monte Vista	4.1 mi	$1,260
81101	Alamosa	15.8 mi	$1,150
81125	Center	16.9 mi	$1,010
81140	La Jara	18.0 mi	$1,010
81136	Hooper	18.4 mi	$1,010
81124	Capulin	18.9 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 81135?

HUD's FY2027 Small Area Fair Market Rents for 81135 are $910 (studio), $940 (1 BR), $1,220 (2 BR), $1,450 (3 BR) and $1,890 (4 BR) a month.

What is the Section 8 payment standard in 81135?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 81135 that range is $1,098 to $1,342 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 81135?

The FY2026 income limits of the Rio Grande County, CO area apply: median family income $87,800, low-income (80%) limit $77,900 for a family of four.