Location: Rio Arriba County, NM | Metro: Rio Arriba County, NM
| 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 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 87539, located in Rio Arriba County, New Mexico, reveals a unique opportunity due to the HUD Fair Market Rent (FMR) set at $970 for the fiscal year 2026. This figure is crucial because it determines the rental assistance payment standard for voucher holders. However, the lack of available market rent data for ZIP 87539 makes direct comparisons challenging. Despite this, we can infer that voucher tenants will likely cashflow at or near the FMR, given the area's known affordability.
To derive the rent-to-price ratio, we would typically use the median home value. Unfortunately, the median home value for ZIP 87539 is also not available, which limits our ability to provide a precise ratio. Nonetheless, the low FMR suggests that housing costs are generally manageable, which could indicate a favorable environment for both renters and owners.
The median days on market (DOM) and the percentage of homes that require a price cut are not provided for ZIP 87539. These metrics are important for understanding the local real estate market dynamics and how they might influence the decision between renting and buying. Without this information, we cannot comment on the specific trends affecting rent versus buy decisions in this area.
In summary, for Section 8 investors, ZIP 87539 presents an attractive scenario where voucher tenants can cashflow comfortably at the FMR. The stability of the market, characterized by affordable housing costs, is the strongest angle for investors looking to enter this area. Stability ensures a steady stream of tenants and minimizes the risk associated with rapid market fluctuations, making it an ideal choice for those prioritizing consistent returns over speculative gains.
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.