FY2027 Small Area FMR · Telluride, CO

ZIP 81435 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 81435 (Telluride, CO) is $1,640 a month, down 1.8% from FY2026. That is 1% above the San Miguel County, CO area-wide FMR of $1,631.

2-bedroom SAFMR$1,640per month ▼ 1.8%

Area-wide 2 BR FMR$1,631San Miguel County, CO

Rank in the area2ndof 8 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,476

2 BR Small Area FMR$1,640

110% of SAFMR$1,804

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

Studio$1,140▼ 9.5%

1 BR$1,380▲ 8.7%

2 BR$1,640▼ 1.8%

3 BR$2,270▼ 2.2%

4 BR$2,550▼ 2.7%

FY2027 FY2026

Where 81435 sits in the San Miguel County, CO area

Of the 8 ZIP codes HUD lists for the area, 81435 has the 2nd highest two-bedroom Small Area FMR. San Miguel 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 $1,631 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,640 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	$1,140	$1,026 – $1,254	$1,136	$1,260
1 bedroom	$1,380	$1,242 – $1,518	$1,377	$1,270
2 bedrooms	$1,640	$1,476 – $1,804	$1,631	$1,670
3 bedrooms	$2,270	$2,043 – $2,497	$2,258	$2,320
4 bedrooms	$2,550	$2,295 – $2,805	$2,533	$2,620

A household renting a two-bedroom home at the Small Area FMR of $1,640 needs about $65,600 a year to keep housing costs at 30% of income. The area median family income is $131,100 and the 80% low-income limit for four people is $104,900. ZIP code 81435 lies mainly in San Miguel County. See the San Miguel County, CO county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
81426	Ophir	3.2 mi	$1,630
81430	Placerville	12.7 mi	$1,570
81432	Ridgway	14.2 mi	$1,680
81427	Ouray	15.8 mi	$1,510
81332	Rico	16.0 mi	$1,410
81433	Silverton	20.0 mi	$1,340

Questions

What is the Fair Market Rent for ZIP code 81435?

HUD's FY2027 Small Area Fair Market Rents for 81435 are $1,140 (studio), $1,380 (1 BR), $1,640 (2 BR), $2,270 (3 BR) and $2,550 (4 BR) a month.

What is the Section 8 payment standard in 81435?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 81435 that range is $1,476 to $1,804 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 81435?

The FY2026 income limits of the San Miguel County, CO area apply: median family income $131,100, low-income (80%) limit $104,900 for a family of four.