Colorado · FIPS 08095 · HUD FY 2027
Phillips County, Colorado Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Phillips County is $1,137 a month (rent plus utilities), 41% below the Colorado average of $1,916 and 35% below the U.S. average of $1,761. That is up $83 (7.9%) from FY 2026. At 30% of income, a household needs about $45,480 a year to afford it.
- $1,1372-bedroom FMR+$83 (+7.9%) vs FY 2026
- $8751-bedroom FMRColorado: $1,606 · U.S.: $1,478
- $45,480Income for a 2-bedroom$22/hour full-time
- 54 of 642BR rank in Colorado1 = highest rent
| Unit | Phillips County FY 2027 | FY 2026 | Change | Colorado avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $845 | $798 | +$47 (+5.9%) | $1,497 | $1,379 | $33,800 |
| 1 bedroom | $875 | $803 | +$72 (+9.0%) | $1,606 | $1,478 | $35,000 |
| 2 bedrooms | $1,137 | $1,054 | +$83 (+7.9%) | $1,916 | $1,761 | $45,480 |
| 3 bedrooms | $1,465 | $1,345 | +$120 (+8.9%) | $2,538 | $2,266 | $58,600 |
| 4 bedrooms | $1,766 | $1,652 | +$114 (+6.9%) | $2,884 | $2,607 | $70,640 |
How Phillips County compares
- Phillips County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Colorado, 2-bedroom FMRs run from $1,014 (Sedgwick County) to $2,766 (Summit County).
- Studio to 4-bedroom: $845, $875, $1,137, $1,465, $1,766. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 4 ZIP codes mostly in Phillips County (by land area), the 2-bedroom figure ranges from $1,040 to $1,170.
Small Area FMRs by ZIP code in Phillips County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 80721 | $860 | $930 | $1,170 | $1,460 | $1,770 | +$80 (+7.3%) | 3% above |
| 80731 | $770 | $800 | $1,040 | $1,340 | $1,590 | +$20 (+2.0%) | 9% below |
| 80734 | $870 | $900 | $1,170 | $1,510 | $1,820 | +$90 (+8.3%) | 3% above |
| 80746 | $800 | $830 | $1,080 | $1,390 | $1,660 | +$60 (+5.9%) | 5% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.