HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Larimer County, Colorado (FY 2027)
$1,759 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Larimer County, and it's the baseline every voucher in Larimer is measured against.
Two-bedroom FMR
$1,759
+1.6% from FY 2026
Payment standard
$1,583–$1,935
90% to 110% of the FMR, two-bedroom
Income to afford
$70,360
a year, with rent at 30% of income
Rank in Colorado
19th of 64
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $1,551 | $1,396–$1,706 | $62,040 | $29.83/hr | +2.8% |
| 1 bedroom | $1,589 | $1,430–$1,748 | $63,560 | $30.56/hr | +3.4% |
| 2 bedroom | $1,759 | $1,583–$1,935 | $70,360 | $33.83/hr | +1.6% |
| 3 bedroom | $2,379 | $2,141–$2,617 | $95,160 | $45.75/hr | -0.3% |
| 4 bedroom | $2,576 | $2,318–$2,834 | $103,040 | $49.54/hr | +1.4% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $2,962 | $2,666–$3,258 |
| 6 bedroom Estimate | $3,349 | $3,014–$3,684 |
| 7 bedroom Estimate | $3,735 | $3,362–$4,109 |
| 8 bedroom Estimate | $4,122 | $3,710–$4,534 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Larimer actually rent for?
Search any address in Larimer for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Larimer somewhere between $1,583 and $1,935. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,759 a month is affordable, by HUD's 30% rule, on an income of roughly $70,360 a year. Put another way, $34 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,583 | Voucher pays at 100%$1,759 | Voucher pays at 110%$1,935 |
|---|---|---|---|---|
| $2,500 | $750 | $833 | $1,009 | $1,185 |
| $4,000 | $1,200 | $383 | $559 | $735 |
Rate history
The two-bedroom rate went up 2% from FY 2026 ($1,732) to FY 2027 ($1,759). Since FY 2020 it's up 41% in total, about 5.1% a year. The Colorado median moved up 10% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $906 | $1,014 | $1,244 | $1,795 | $2,184 | — |
| FY 2021 | $1,004 | $1,096 | $1,351 | $1,933 | $2,339 | +8.6% |
| FY 2022 | $1,084 | $1,143 | $1,421 | $2,019 | $2,419 | +5.2% |
| FY 2023 | $1,210 | $1,232 | $1,539 | $2,187 | $2,469 | +8.3% |
| FY 2024 | $1,342 | $1,350 | $1,646 | $2,320 | $2,553 | +7.0% |
| FY 2025 | $1,434 | $1,442 | $1,695 | $2,375 | $2,526 | +3.0% |
| FY 2026 | $1,509 | $1,537 | $1,732 | $2,385 | $2,540 | +2.2% |
| FY 2027In effect | $1,551 | $1,589 | $1,759 | $2,379 | $2,576 | +1.6% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Larimer, that runs from $1,551 for a studio up to $2,576 for four bedrooms, all five rates in the table above.
Larimer is its own HUD metro area (Fort Collins-Loveland, CO), so the rate here is set from rents inside the county rather than a wider region.
Among Colorado's 64 counties, Larimer ranks 19th for two-bedroom FMR. That's about 28% above the state median of $1,375 and about 65% above the national median county at $1,063. About 367,368 people live here, 7th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,560 in 80517 (Estes Park) and $2,460 in 80549 (Wellington), with the 21 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 80511 | Estes Park | $1,759County rate | — |
| 80512 | Bellvue | $1,760 | +0.1% |
| 80513 | Berthoud | $1,920 | +9.2% |
| 80515 | Drake | $1,620 | -7.9% |
| 80517 | Estes Park | $1,560 | -11.3% |
| 80521 | Fort Collins | $1,640 | -6.8% |
| 80522 | Fort Collins | $1,760 | +0.1% |
| 80523 | Fort Collins | $1,760 | +0.1% |
| 80524 | Fort Collins | $1,680 | -4.5% |
| 80525 | Fort Collins | $1,940 | +10.3% |
| 80526 | Fort Collins | $1,700 | -3.4% |
| 80527 | Fort Collins | $1,760 | +0.1% |
| 80528 | Fort Collins | $1,990 | +13.1% |
| 80532 | Glen Haven | $1,760 | +0.1% |
| 80535 | Laporte | $1,560 | -11.3% |
| 80536 | Livermore | $1,750 | -0.5% |
| 80537 | Loveland | $1,680 | -4.5% |
| 80538 | Loveland | $1,820 | +3.5% |
| 80539 | Loveland | $1,760 | +0.1% |
| 80541 | Masonville | $1,759County rate | — |
| 80545 | Red Feather Lakes | $1,760 | +0.1% |
| 80547 | Timnath | $2,070 | +17.7% |
| 80549 | Wellington | $2,460 | +39.9% |
| 80553 | Fort Collins | $1,759County rate | — |
Nearby counties
Two-bedroom FMR, with how each compares to Larimer.
Weld County
29 mi · 350,396 people
$1,647
-6%
Boulder County
35 mi · 328,961 people
$2,033
+16%
Broomfield County
42 mi · 76,304 people
$2,169
+23%
Gilpin County
51 mi · 5,901 people
$2,169
+23%
Adams County
52 mi · 530,225 people
$2,169
+23%
Grand County
55 mi · 15,895 people
$1,844
+5%
Denver County
58 mi · 718,877 people
$2,169
+23%
Jackson County
60 mi · 1,372 people
$1,485
-16%
Questions people ask
$1,759 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,551 for a studio, $1,589 for one bedroom, $2,379 for three and $2,576 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Larimer actually go for?
HUD's number is one input. Search any address in Larimer for a rent estimate built from nearby comps. Free to start, no card.
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