Section 8 Fair Market Rent (FMR) for ZIP 87519 - 2027

Location: Taos County, NM | Metro: Taos County, NM

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$820
1 Bedroom	$970
2 Bedrooms	$1,160
3 Bedrooms	$1,440
4 Bedrooms	$1,940
5 Bedrooms	$2,250
6 Bedrooms	$2,520
7 Bedrooms	$2,722
8 Bedrooms	$2,858

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

798

Median Household Income

$N/A

Housing Units

273

Renter Percentage

N/A

Occupancy Rate

79.5%

Renter Occupied

To determine if you should buy in ZIP code 87519 for Section 8 investments, follow these steps:

Step 1: The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,090. This figure represents the maximum amount that a Section 8 tenant can pay towards their rent. The first question to ask is whether this FMR can cover the debt service on a property in this area. Unfortunately, the data does not provide specific property values or typical debt service costs for ZIP 87519, so we cannot definitively answer this question without further information.

Step 2: Next, compare the FMR to the market rent. In ZIP 87519, the market rent data is currently unavailable, which means we cannot accurately assess if the market rent is above, at, or below the FMR. This lack of information makes it difficult to gauge the potential profitability of a Section 8 property versus a market-rate rental.

Step 3: Lastly, consider the demand for rentals in ZIP 87519. The data indicates that 0.0% of the current listings are rented, and the days on the market (DOM) for properties is also unspecified. With no renters and an unknown DOM, there appears to be insufficient demand to support a Section 8 investment based on the available data.

Decision Tree:

If the FMR of $1,090 can cover the debt service on a property, proceed to Step 2.
If the market rent is higher than the FMR, Section 8 properties may struggle to compete with market-rate rentals. However, if the market rent is equal to or lower than the FMR, Section 8 could be a viable option.
Given the 0.0% rental rate and unknown DOM, there is not enough demand to justify a purchase in ZIP 87519 for Section 8 purposes.

Note: A clear decision requires additional data on property values, debt service costs, and market rent trends in ZIP 87519. Without this information, the recommendation is No due to insufficient demand.

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.