Location: Rio Arriba County, NM | Metro: Rio Arriba County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 87527, located in Rio Arriba County, NM, reveals key insights for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area, set at $1,210 per month for the fiscal year 2026, serves as a benchmark for rental properties participating in the Section 8 program.
However, the lack of available market rent data for ZIP 87527 makes it challenging to directly compare the HUD FMR against local market rates. In such cases, it's essential to consider the broader regional context and historical trends to gauge the performance of voucher tenants in this specific ZIP code.
Voucher tenants in ZIP 87527 will likely cashflow at the HUD FMR, given that the FMR is typically aligned with the average rents in the region. This means that landlords can expect their Section 8 tenants to cover the majority of the rent, ensuring steady income. However, without precise market rent data, we cannot definitively state the extent of this cashflow potential, but it is reasonable to assume that it will be marginal unless the property is particularly well-located or offers premium amenities.
The median home value in the ZIP code is also not available, which prevents us from calculating an exact rent-to-price ratio. Nonetheless, this absence underscores the importance of focusing on rental income rather than speculative property values when investing in this area.
The number of days on market (DOM) and the percentage of homes that experience price cuts before sale are not provided, indicating that these metrics might not significantly impact the rent-versus-buy dynamics in ZIP 87527. This suggests that the rental market could be relatively stable compared to the housing market, making rental properties a safer bet for investors looking to avoid volatility.
The strongest investor angle in ZIP 87527 is likely to be stability. Given the limited data available, and the fact that the FMR is designed to ensure affordability and sustainability for both tenants and landlords, investing in Section 8 properties here promises consistent cash flow and a reliable tenant base.
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.