Location: Taos County, NM | Metro: Taos County, NM
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 87556 stands out due to its unique mix of low population density and a significant rental market share. With only 3,080 residents, it has a rental rate of 25.3%, indicating that nearly one-quarter of the housing units are rented. The median income in ZIP 87556 is $52,546, which suggests a middle-class community. However, the lack of data on median home values indicates that homeownership might be less prevalent compared to other areas.
Moving into the specifics of voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,090. This is notably higher than the current market rent, which stands at $703 according to the Census ACS. Landlords and small-portfolio investors should take note of this discrepancy, as it means that voucher holders can potentially afford rents closer to the FMR level, offering a stable source of income that exceeds the typical market rates.
Given the data signature, ZIP 87556 appears to be a stable market. The high FMR compared to the actual market rent provides an opportunity for landlords to increase their rental income by participating in the Section 8 program. Moreover, the steady median income figure supports the likelihood of consistent payments from tenants using vouchers. For those considering investment in this ZIP code, focusing on the rental sector and leveraging Section 8 vouchers could prove to be a profitable strategy.
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.