Location: Taos County, NM | Metro: Taos County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $2,150 |
| 5 Bedrooms | $2,494 |
| 6 Bedrooms | $2,793 |
| 7 Bedrooms | $3,016 |
| 8 Bedrooms | $3,167 |
U.S. Census Bureau data (2024)
The ZIP code 87579 has a population of 1,184 individuals, with 15.9% being renters. The median household income in this area is $66,244. This indicates that 87579 is primarily a homeowner-dominated area where the percentage of renters is relatively low compared to areas with higher concentrations of rental housing. As such, the demand for Section 8 vouchers is likely to be less intense in this ZIP code.
Given the median household income of $66,244, we can analyze the affordability of typical market rents. Although specific market rent figures are not provided, we can infer that the typical rent in this area is lower than the median household income, suggesting that it consumes a reasonable portion of the average renter's earnings. However, without exact market rent data, we cannot provide a precise percentage of how much rent eats into local incomes.
The Fair Market Rent (FMR) for the ZIP code 87579 is set at $1,420 for fiscal year 2026, which reflects the metro area standard. Landlords in this ZIP code should ensure their rental rates do not exceed this figure to remain competitive and attractive to tenants who might be using vouchers.
A landlord in 87579 should anticipate a tenant profile that includes individuals and families with incomes below the area median. These tenants will likely be seeking affordable housing options and could benefit from the Section 8 program. The typical tenant might be looking for a balance between cost and quality, given the moderate income levels and the presence of some rental housing opportunities.
While the voucher demand is not expected to be overwhelming due to the low percentage of renters, landlords who understand the needs of the local tenant base and comply with the HUD guidelines for FMR can attract stable, long-term tenants through the Section 8 program.
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.