FY2027 Small Area FMR · Montrose, CO

ZIP 81401 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 81401 (Montrose, CO) is $1,350 a month, up 14.4% from FY2026. That is 2% above the Montrose County, CO area-wide FMR of $1,321.

2-bedroom SAFMR$1,350per month ▲ 14.4%

Area-wide 2 BR FMR$1,321Montrose County, CO

Rank in the area5thof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,215

2 BR Small Area FMR$1,350

110% of SAFMR$1,485

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

Studio$1,020▲ 14.6%

1 BR$1,080▲ 20.0%

2 BR$1,350▲ 14.4%

3 BR$1,870▲ 14.0%

4 BR$2,260▲ 14.1%

FY2027 FY2026

Where 81401 sits in the Montrose County, CO area

Of the 13 ZIP codes HUD lists for the area, 81401 has the 5th highest two-bedroom Small Area FMR. Montrose 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 $1,321 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,350 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	$1,020	$918 – $1,122	$995	$890
1 bedroom	$1,080	$972 – $1,188	$1,054	$900
2 bedrooms	$1,350	$1,215 – $1,485	$1,321	$1,180
3 bedrooms	$1,870	$1,683 – $2,057	$1,829	$1,640
4 bedrooms	$2,260	$2,034 – $2,486	$2,208	$1,980

A household renting a two-bedroom home at the Small Area FMR of $1,350 needs about $54,000 a year to keep housing costs at 30% of income. The area median family income is $89,900 and the 80% low-income limit for four people is $77,900. ZIP code 81401 lies mainly in Montrose County. See the Montrose County, CO county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
81415	Crawford	12.5 mi	$1,310
81403	Montrose	12.8 mi	$1,430
81220	Cimarron	19.9 mi	$1,390
81410	Austin	24.5 mi	$1,170
81425	Olathe	25.7 mi	$1,080
81432	Ridgway	26.7 mi	$1,680

Questions

What is the Fair Market Rent for ZIP code 81401?

HUD's FY2027 Small Area Fair Market Rents for 81401 are $1,020 (studio), $1,080 (1 BR), $1,350 (2 BR), $1,870 (3 BR) and $2,260 (4 BR) a month.

What is the Section 8 payment standard in 81401?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 81401 that range is $1,215 to $1,485 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 81401?

The FY2026 income limits of the Montrose County, CO area apply: median family income $89,900, low-income (80%) limit $77,900 for a family of four.