Section 8 Fair Market Rent (FMR) for ZIP 87009 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 87009 in Albuquerque County, NM, presents unique challenges and opportunities for landlords and small-portfolio investors due to limited data availability. Specifically, the number of residents, the percentage of renters, the median income, and the median home value are not available, indicating a scarcity of detailed economic indicators for this area.

However, the Fair Market Rent (FMR) for ZIP 87009 has been determined for fiscal year 2024 at $1030. This figure serves as a benchmark for Section 8 housing vouchers, which can be a significant factor in rental pricing strategies for landlords who participate in the program. Despite the lack of market rent data, the FMR provides a guideline for what is considered a reasonable rent amount for subsidized housing units in this ZIP code.

The absence of comprehensive data points suggests that the area might be less studied or have a smaller population, which could affect the overall stability and growth potential of the real estate market. Given the incomplete picture, it's difficult to assess whether the ZIP code is stable or transitional without additional context on recent trends in housing, employment, and local economy.

For landlords considering participation in the Section 8 program within ZIP 87009, the $1030 FMR represents a fixed income stream, albeit with some administrative complexities. The decision to accept Section 8 vouchers should be made based on an understanding of the local housing dynamics and the landlord's ability to manage properties effectively under the program's guidelines.

Data Sources: FMR data from HUD (2027).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.