County FMR · HUD FY2026
Phillips County Fair Market Rent
HUD's FY2026 Fair Market Rent for Phillips County, CO - 16% below the US average.
- $803
- 1-bedroom FMR
- $1,054
- 2-bedroom FMR
- +2.4%
- YoY change
- -16%
- vs US avg
The verdict
Phillips is the 15th cheapest of 64 counties in Colorado by 2-bedroom FMR.
- #15
- cheapest of 64 in Colorado (2BR)
- -31%
- vs the state average
- $32,120
- income to afford it (30% rule)
- +2.4%
- YoY, FY2025→2026
Software Developers spend the smallest share of income on rent here (7.2%), while Teaching Assistants, Except Postsecondary spend the most (30.7%); 14 of 15 common occupations here can afford a 1-bedroom at Fair Market Rent without exceeding the 30% threshold.
FY 2026 HUD Fair Market Rent for Phillips County, CO. Verify with HUD →
Phillips County, Colorado carries an FY 2026 1-bedroom Fair Market Rent of $803 per month, the federal benchmark HUD publishes for this county. A 2-bedroom costs $1,054/mo and a studio is $798/mo. That's 16% below the national benchmark of $959 and 31% below the Colorado average of $1,161.
Rent increased2.4% from FY 2025 ($784), outpacing inflation. To afford rent here, a household needs at least $32,120/year based on the 30% affordability rule.
FY 2026 HUD Fair Market Rents in Colorado. Population: 4,493. Population has held roughly steady over the past five years (+4.0%, Census ACS). That's in line with Colorado's statewide growth of +5.1% over the same period.
What these rents mean for Phillips County
The Phillips County FMR area applies to all ZIP codes inside the county boundary, and Colorado's housing authorities use it as the baseline for Section 8 Housing Choice Voucher payment standards. See how FMR is calculated for the full 40th-percentile methodology and payment-standard rules.
Compared to the rest of the country, a 1-bedroom here is 16% below the US average of $959 and 31% lower than the Colorado state average of $1,161. The 1-bedroom FMR went from$784 in FY 2025 to $803 in FY 2026 - a change of +2.4%, which outpaces typical consumer inflation.
At the FY 2026 1-bedroom FMR of $803, affording it under the 30%-of-income rule takes $32,120 per year (about $2,677/month) in household income, and a 2-bedroom at $1,054 pushes that threshold even higher. With a population of 4,493 and a county median household income of $60,372, the arithmetic here directly shapes which wage earners can rent without being cost-burdened.
Fair Market Rents (2026)
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $779 | $798 | +$19 (+2.4%) |
| 1 Bedroom | $784 | $803 | +$19 (+2.4%) |
| 2 Bedroom | $1,030 | $1,054 | +$24 (+2.3%) |
| 3 Bedroom | $1,307 | $1,345 | +$38 (+2.9%) |
| 4 Bedroom | $1,658 | $1,652 | $-6 (-0.4%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Rent Burden Analysis
How much of household income goes to rent in Phillips County. The 30% threshold indicates cost burden.
How we calculate this
Rent burden = (FMR × 12) ÷ county median household income. Required income = (FMR × 12) ÷ 0.3, the federal 30%-of-gross-income rule HUD uses to define cost burden. Median household income is from the U.S. Census Bureau's American Community Survey; FMR is from HUD's FY2026 release. See methodology.
Phillips County 2-bedroom rent burden
Where Phillips sits among every US county
2-bedroom Fair Market Rent vs. all 3,145 HUD counties
$1,054 higher than 54% of 3,145 counties
Each bar is a $0.2K-wide band; taller bars hold more counties. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026
How Phillips compares on 1-bedroom rent
1-bedroom FMR vs other Colorado counties
- Denver
Denver County
$1,754 1BR FMR / mo
- Arapahoe
Arapahoe County
$1,754 1BR FMR / mo
- Jefferson
Jefferson County
$1,754 1BR FMR / mo
- Adams
Adams County
$1,754 1BR FMR / mo
- Douglas
Douglas County
$1,754 1BR FMR / mo
- El Paso
El Paso County
$1,464 1BR FMR / mo
- Phillips
Phillips County
$803 1BR FMR / mo
What this shows Phillips is highlighted. Nearby Colorado counties by 1-bedroom FMR, highest to lowest: Denver County ($1,754), Arapahoe County ($1,754), Jefferson County ($1,754), Adams County ($1,754), Douglas County ($1,754), El Paso County ($1,464), Phillips County (this county) ($803).
Can Common Jobs Afford Rent Here?
How a 1-bedroom at $803/mo compares to Colorado salaries for popular occupations (BLS wage data, 30%-of-income rule).
| Occupation | CO Salary | Rent Burden | Verdict |
|---|---|---|---|
| Software Developers | $134,540 | 7.2% | Affordable |
| General & Operations Managers | $130,340 | 7.4% | Affordable |
| Registered Nurses | $96,520 | 10% | Affordable |
| Police & Sheriff's Patrol Officers | $96,100 | 10% | Affordable |
| Accountants & Auditors | $90,030 | 10.7% | Affordable |
| Paralegals & Legal Assistants | $73,380 | 13.1% | Affordable |
| Electricians | $62,090 | 15.5% | Affordable |
| Elementary School Teachers | $61,550 | 15.7% | Affordable |
| Heavy & Tractor-Trailer Truck Drivers | $60,260 | 16% | Affordable |
| Pharmacy Technicians | $48,070 | 20% | Affordable |
| Customer Service Representatives | $46,020 | 20.9% | Affordable |
| Janitors & Cleaners | $37,270 | 25.9% | Affordable |
| Retail Salespersons | $36,960 | 26.1% | Affordable |
| Fast Food & Counter Workers | $35,440 | 27.2% | Affordable |
| Teaching Assistants | $31,390 | 30.7% | Stretched |
Rent Trends (2020–2026)
7-year Fair Market Rent history for Phillips County. Shows how HUD rental rates have changed over time.
Over the 6-year span HUD has tracked for Phillips (FY 2020-2026), the 1-bedroom Fair Market Rent has risen 48.2% overall, from $542 to $803. The path there hasn't been smooth: year-over-year moves have swung by as much as 26.9% (FY 2022), a volatility pattern that makes single-year comparisons a poor guide to the underlying trend.
| Year | Studio | 1 BR | 2 BR |
|---|---|---|---|
| FY 2026 ↑2.4% | $798 | $803 | $1,054 |
| FY 2025 ↓10.0% | $779 | $784 | $1,030 |
| FY 2024 ↑11.0% | $865 | $871 | $1,144 |
| FY 2023 ↑0.8% | $780 | $785 | $1,002 |
| FY 2022 ↑26.9% | $774 | $779 | $973 |
| FY 2021 ↑13.3% | $610 | $614 | $809 |
| FY 2020 | $539 | $542 | $714 |
Where Phillips County Ranks in Colorado
Phillips County is not part of any federally-designated metropolitan or micropolitan statistical area -- an independent rental market not administratively tied to a larger urban core. By 2-bedroom FMR, it ranks #15 of 64 counties in Colorado. Nearest by rank: Saguache County ($975), Jackson County ($989), Alamosa County ($999), Rio Blanco County ($1,009), Huerfano County ($1,013), Lincoln County ($1,016), Bent County ($1,019), Cheyenne County ($1,044), Phillips County (this county) ($1,054), Yuma County ($1,061), Kit Carson County ($1,093), Rio Grande County ($1,094), Logan County ($1,101), Custer County ($1,112), Delta County ($1,114), Washington County ($1,114), Dolores County ($1,115).
Nearby Counties in Colorado
Largest counties by population in Colorado
Frequently Asked Questions
What is the average rent in Phillips County? ▼
How does Phillips County rent compare to the national average? ▼
What income do I need to afford rent in Phillips County? ▼
Is rent going up or down in Phillips County? ▼
Which jobs can afford rent in Phillips County? ▼
How much has rent changed in Phillips County over time? ▼
How does Fair Market Rent affect Section 8 vouchers in Phillips County? ▼
What does Fair Market Rent mean for Phillips County? ▼
What this means for renters
Treat Phillips's FY2026 Fair Market Rent as HUD's affordability benchmark, not a market quote.
- Budget to roughly 30% of income: the FY2026 1-bedroom FMR of $803 implies about $32,120/yr to rent without being cost-burdened. Run your numbers
- Compare this county against nearby metros and states before signing a lease. Compare areas
- See where it sits on the national rent map. View rankings
Fair Market Rent is HUD's 40th-percentile policy benchmark used to set Housing Choice Voucher payment standards. Actual asking rents in Phillips can run higher or lower, and HUD updates FMRs once a year. This page is informational and not financial or relocation advice.
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Census Bureau and HUD Fair Market Rents. Consult a qualified professional before making decisions based on this data.
Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.