Section 8 Fair Market Rent (FMR) for ZIP 87530 - 2027

Location: Rio Arriba County, NM | Metro: Rio Arriba County, NM

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$820
1 Bedroom	$830
2 Bedrooms	$1,010
3 Bedrooms	$1,400
4 Bedrooms	$1,610
5 Bedrooms	$1,868
6 Bedrooms	$2,092
7 Bedrooms	$2,259
8 Bedrooms	$2,372

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,102

Median Household Income

$N/A

Housing Units

544

Renter Percentage

N/A

Occupancy Rate

82.9%

Renter Occupied

The ZIP code 87530, located in New Mexico, offers a unique real estate landscape that is primarily characterized by owner-occupied homes rather than rentals. This area presents opportunities for investors who are looking to understand the dynamics of a market where homeownership is the dominant tenure type.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $970. This figure represents the benchmark for rental costs in the region.
Market rent data is currently unavailable for ZIP 87530, which can be attributed to the low number of rental properties in the area.
The median home value is also not available, indicating that there might be limited sales data or a small sample size to determine this statistic accurately.
Rental share stands at 0.0%, suggesting that the vast majority of residents own their homes, which could impact the demand for rental properties.
The Days on Market (DOM) for listings is not available, making it difficult to assess how quickly properties are selling in this area.
Median income data is not available for this ZIP code, which is crucial for understanding the financial capabilities of potential buyers or renters.

Given the scarcity of rental units and the high prevalence of homeownership, investors should consider focusing on purchasing properties for long-term ownership rather than short-term rentals. The lack of detailed market data points to a niche market that requires careful research and possibly alternative sources of information to make informed investment decisions. With the FMR at $970, there is a clear guideline for rental pricing if such a venture is pursued, but the primary challenge will be finding suitable rental properties in a predominantly owner-occupied area.

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.