Location: San Miguel County, NM | Metro: San Miguel County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
The ZIP code 87569 stands out due to its unique characteristics, primarily its very low population count of just 389 residents and an absence of rental properties. With a median household income of $99,779, this area appears to be relatively affluent, though the lack of data on median home values suggests that there might be fewer traditional housing units available for purchase or statistical representation.
In terms of voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,000. However, without a defined market rent figure for ZIP 87569, it's challenging to compare the two directly. This absence of market rent data could indicate that the rental market in this area is either underdeveloped or non-existent, which would make voucher utilization less relevant for most landlords and small-portfolio investors.
The data signature for ZIP 87569 reads as "stable." The lack of renters and the presence of a high median income suggest a community that is largely owner-occupied and financially secure. While the voucher program may offer limited opportunities in this ZIP code, landlords should focus on the broader economic context and the potential for long-term stability in property ownership rather than short-term rental income.
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.