Housing market/Colorado/ZIP 80031

ACS 2023 · FY2027 SAFMR

ZIP 80031 Westminster, Colorado

Denver-Aurora-Centennial, CO MSA · Colorado. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
36,350
Households
14,628
Median HH income
$106,244
Renter share
28.5%
Median gross rent
$1,911
Vacancy
4.9%
Pop. change
+2.4%
2BR SAFMR
$2,230
SAFMR / rent
1.167×
2–49 unit stock
2,712
LIHTC proj / units
4 / 475
HUD assisted MF
3 / 110

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 80031 · CO — sent to you.

ZIP 80031 · CO

ACS median rent$1,911
2BR SAFMR$2,230
90% floor$2,007
110% ceiling$2,453

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 80031

  • 1-unit detached9,49461.7%
  • 1-unit attached2,32115.1%
  • 2–4 units6073.9%
  • 5–49 units2,10513.7%
  • 50+ units8245.4%
  • Mobile260.2%
TypeUnitsShare
1-unit detached9,49461.7%
1-unit attached2,32115.1%
2 units (duplex)1140.7%
3–4 units4933.2%
5–9 units6164.0%
10–19 units9166.0%
20–49 units5733.7%
50+ units8245.4%
Mobile260.2%

2–4 unit share 3.9% · 5–49 unit share 13.7% · combined 2–49 17.6%.

Units by bedrooms

Studio
204
1BR
1,584
2BR
3,279
3BR
5,016
4BR
3,791
5+
1,503

Rent burden

Rent ≥30% of income48.0%
Rent ≥50% of income21.6%
  • ACS median gross rent $1,911 (all bedrooms, occupied rentals).
  • Median contract rent $1,755.
  • Renters paying ≥30% of income 48.0%; ≥50% 21.6%.
  • FY2027 2BR SAFMR $2,230 (1.167× ACS median gross rent).

Population

36,350 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +2.4%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 4 projects, 475 units.
  • HUD project-based assisted MF: 3 properties, 110 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 571 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 80031 28.5% of occupied households are renters; vacancy is 4.9%; ACS median gross rent is $1,911; population increased +2.4% between the 2018 and 2023 ACS vintages; the housing stock includes 607 units in 2–4-unit structures and 2,105 units in 5–49-unit structures; 4 LIHTC projects totaling 475 units; FY2027 2BR SAFMR is $2,230 versus ACS median gross rent of $1,911. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Colorado research

ZIP 80031 is a Census / HUD profile for Denver-Aurora-Centennial, CO. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Colorado research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 80031?

ZIP 80031 (Denver-Aurora-Centennial, CO MSA) has 36,350 residents, 14,628 households, a renter share of 28.5%, median household income of $106,244, and ACS 2023 median gross rent of $1,911. Vacancy is 4.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 80031?

ACS counts 114 units in 2-unit buildings, 493 in 3–4 unit buildings, 616 in 5–9, 916 in 10–19, and 573 in 20–49. Combined 2–49 unit stock is 2,712 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 80031?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,230. See the full schedule and 90–110% payment-standard band on the ZIP 80031 — Westminster, CO HUD Section 8 Payment Standards / SAFMR.

Does this Colorado ZIP profile include Georgia listings?

No. ZIP 80031 is Census / HUD research for Denver-Aurora-Centennial, CO MSA. Jeff Crowe CRE does not list Colorado property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.