Location: McKinley County, NM | Metro: McKinley County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
ZIP code 87322, located within McKinley County, NM, stands out with its Federal Market Rent (FMR) set at $1,150 for fiscal year 2026. This figure is critical for landlords and small-portfolio investors involved in Section 8 housing programs. The FMR serves as the benchmark for determining the maximum amount of rental assistance that can be paid on behalf of eligible families.
While the market rent and home value data for ZIP 87322 are currently unavailable, the 6.9% renter share provides insight into the local housing dynamics. In comparison to typical ZIP codes within McKinley County, this percentage is relatively low, suggesting a smaller proportion of residents who choose to rent rather than own their homes. However, the absence of specific market rent and home value data makes it challenging to definitively categorize 87322 as either a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro area.
The FMR of $1,150 is likely reflective of the overall economic conditions and housing costs in McKinley County, NM. Given the low renter share, it is possible that many residents prefer homeownership, which could indicate a stable local economy where owning property is feasible. Despite this, the presence of a dedicated Section 8 program suggests there is still a need for affordable rental options.
Without additional data points such as median home values and average market rents, it's difficult to draw a comprehensive conclusion about the nature of ZIP 87322 within its metro context. However, the combination of a defined FMR and a modest renter share could suggest that 87322 offers opportunities for landlords participating in the Section 8 program. These opportunities might be particularly appealing if the market rent is significantly lower than the FMR, creating a potential value pocket where landlords can receive government-subsidized rates above what the market typically demands.
To fully assess the investment potential, landlords and investors should seek out the most recent market rent and home value data for ZIP 87322. This will provide a clearer picture of how the area compares to other ZIP codes within McKinley County, NM, and help identify whether it represents a valuable opportunity within the Section 8 housing landscape.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.