FY2027 Small Area FMR · Lake City, CO
ZIP 81235 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 81235 (Lake City, CO) is $1,320 a month, up 14.8% from FY2026. That is 0% equal to the Hinsdale County, CO area-wide FMR of $1,316.
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 81235 sits in the Hinsdale County, CO area
Of the 3 ZIP codes HUD lists for the area, 81235 has the 3rd highest two-bedroom Small Area FMR. Hinsdale 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 $1,316 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,320 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $980 | $882 – $1,078 | $978 | $870 |
| 1 bedroom | $1,020 | $918 – $1,122 | $1,013 | $880 |
| 2 bedrooms | $1,320 | $1,188 – $1,452 | $1,316 | $1,150 |
| 3 bedrooms | $1,700 | $1,530 – $1,870 | $1,696 | $1,470 |
| 4 bedrooms | $2,050 | $1,845 – $2,255 | $2,044 | $1,800 |
A household renting a two-bedroom home at the Small Area FMR of $1,320 needs about $52,800 a year to keep housing costs at 30% of income. The area median family income is $87,500 and the 80% low-income limit for four people is $77,900. ZIP code 81235 lies mainly in Hinsdale County. See the Hinsdale County, 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 81235?
HUD's FY2027 Small Area Fair Market Rents for 81235 are $980 (studio), $1,020 (1 BR), $1,320 (2 BR), $1,700 (3 BR) and $2,050 (4 BR) a month.
What is the Section 8 payment standard in 81235?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 81235 that range is $1,188 to $1,452 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 81235?
The FY2026 income limits of the Hinsdale County, CO area apply: median family income $87,500, low-income (80%) limit $77,900 for a family of four.