FY2027 Small Area FMR · Ouray, CO

ZIP 81427 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 81427 (Ouray, CO) is $1,510 a month, up 3.4% from FY2026. That is 8% below the Ouray County, CO area-wide FMR of $1,640.

2-bedroom SAFMR$1,510per month ▲ 3.4%

Area-wide 2 BR FMR$1,640Ouray County, CO

Rank in the area2ndof 3 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,359

2 BR Small Area FMR$1,510

110% of SAFMR$1,661

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

Studio$1,100■ 0.0%

1 BR$1,290▲ 16.2%

2 BR$1,510▲ 3.4%

3 BR$2,010▲ 0.5%

4 BR$2,350▲ 0.9%

FY2027 FY2026

Where 81427 sits in the Ouray County, CO area

Of the 3 ZIP codes HUD lists for the area, 81427 has the 2nd highest two-bedroom Small Area FMR. Ouray 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 $1,640 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,510 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	$1,100	$990 – $1,210	$1,218	$1,100
1 bedroom	$1,290	$1,161 – $1,419	$1,507	$1,110
2 bedrooms	$1,510	$1,359 – $1,661	$1,640	$1,460
3 bedrooms	$2,010	$1,809 – $2,211	$2,271	$2,000
4 bedrooms	$2,350	$2,115 – $2,585	$2,547	$2,330

A household renting a two-bedroom home at the Small Area FMR of $1,510 needs about $60,400 a year to keep housing costs at 30% of income. The area median family income is $112,400 and the 80% low-income limit for four people is $89,900. ZIP code 81427 lies mainly in Ouray County. See the Ouray County, CO county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
81432	Ridgway	9.3 mi	$1,680
81435	Telluride	15.8 mi	$1,640
81235	Lake City	16.9 mi	$1,320
81426	Ophir	18.8 mi	$1,630
81220	Cimarron	20.7 mi	$1,390
81433	Silverton	21.0 mi	$1,340

Questions

What is the Fair Market Rent for ZIP code 81427?

HUD's FY2027 Small Area Fair Market Rents for 81427 are $1,100 (studio), $1,290 (1 BR), $1,510 (2 BR), $2,010 (3 BR) and $2,350 (4 BR) a month.

What is the Section 8 payment standard in 81427?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 81427 that range is $1,359 to $1,661 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 81427?

The FY2026 income limits of the Ouray County, CO area apply: median family income $112,400, low-income (80%) limit $89,900 for a family of four.