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RentData.org Logo Otero County Fair Market Rent FY 2022 Otero County, CO Rental Data

Fair Market Rent Prices in Otero County, CO :
$703 $708 $931 $1,186 $1,515
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Non-Metro

Fair Market Rent prices in Otero County are high compared to the national average. This FMR area is more expensive than 80% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Otero County is $931 per month.

The previous year, rent for a two-bedroom home was $832 per month. This is a 11.9% increase year-over-year.

This FMR rate applies to Cheraw, CO, Swink, CO, Rocky Ford, CO and other cities within the region. The Metro Code or CBSA code for this region is NCNTY08089N08089.

Additionally, This Fair Market Rent (FMR) area Otero County, CO spans one county or city in Colorado which is listed in the table below. Estimated population of Otero County, CO FMR area is 18,325 people based on latest Census data.

Compared to the rest of Colorado, the Otero County FMR area is less expensive than 78% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Otero County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Otero County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 744
1-BR 1-Bedroom $ 749
2-BR 2-Bedroom $ 986
3-BR 3-Bedroom $ 1256
4-BR 4-Bedroom $ 1605
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Otero County, CO FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Colorado Springs - Pueblo.

County / Region Est. Population
Otero County, CO 18,325
Zip Codes in Otero County, CO

There are 3 unique zip codes in this Fair Market Rent (FMR) area:

81030, 81067 and 81077

Lookup Fair Market Rent by Zip Code

What's Next?

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