FY2027 Small Area FMR · Cortez, CO

ZIP 81321 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 81321 (Cortez, CO) is $1,300 a month, up 7.4% from FY2026. That is 2% above the Montezuma County, CO area-wide FMR of $1,280.

2-bedroom SAFMR$1,300per month ▲ 7.4%

Area-wide 2 BR FMR$1,280Montezuma County, CO

Rank in the area5thof 9 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,170

2 BR Small Area FMR$1,300

110% of SAFMR$1,430

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

Studio$970▲ 11.5%

1 BR$1,040▲ 11.8%

2 BR$1,300▲ 7.4%

3 BR$1,800▲ 11.8%

4 BR$2,020▲ 6.3%

FY2027 FY2026

Where 81321 sits in the Montezuma County, CO area

Of the 9 ZIP codes HUD lists for the area, 81321 has the 5th highest two-bedroom Small Area FMR. Montezuma 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 $1,280 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,300 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	$970	$873 – $1,067	$953	$870
1 bedroom	$1,040	$936 – $1,144	$1,025	$930
2 bedrooms	$1,300	$1,170 – $1,430	$1,280	$1,210
3 bedrooms	$1,800	$1,620 – $1,980	$1,772	$1,610
4 bedrooms	$2,020	$1,818 – $2,222	$1,988	$1,900

A household renting a two-bedroom home at the Small Area FMR of $1,300 needs about $52,000 a year to keep housing costs at 30% of income. The area median family income is $84,800 and the 80% low-income limit for four people is $77,900. ZIP code 81321 lies mainly in Montezuma County. See the Montezuma County, CO county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
81335	Yellow Jacket	12.7 mi	$1,280
81331	Pleasant View	13.2 mi	$1,280
81334	Towaoc	13.3 mi	$1,340
81327	Lewis	14.7 mi	$1,290
81330	Mesa Verde National Park	15.0 mi	$1,420
81328	Mancos	26.3 mi	$1,480

Questions

What is the Fair Market Rent for ZIP code 81321?

HUD's FY2027 Small Area Fair Market Rents for 81321 are $970 (studio), $1,040 (1 BR), $1,300 (2 BR), $1,800 (3 BR) and $2,020 (4 BR) a month.

What is the Section 8 payment standard in 81321?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 81321 that range is $1,170 to $1,430 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 81321?

The FY2026 income limits of the Montezuma County, CO area apply: median family income $84,800, low-income (80%) limit $77,900 for a family of four.