Location: Colfax County, NM | Metro: Colfax County, NM
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,400 |
| 2 Bedrooms | $1,520 |
| 3 Bedrooms | $2,060 |
| 4 Bedrooms | $2,380 |
| 5 Bedrooms | $2,761 |
| 6 Bedrooms | $3,092 |
| 7 Bedrooms | $3,339 |
| 8 Bedrooms | $3,506 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,520 | $272,569 | 0.56% | F |
| 3BR | $2,060 | $599,346 | 0.34% | F |
| 4BR | $2,380 | $796,883 | 0.3% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 87710, Angel Fire, NM, set at $1,460 for metro fiscal year 2026, represents the payment standard for Section 8 housing vouchers. This means that if you participate in the Section 8 program, the government will pay up to $1,460 per month towards a tenant's rent. However, it does not mean your property's rent should be exactly $1,460; it serves as an upper limit.
In comparison, the average rental price in Angel Fire based on Census American Community Survey (ACS) data is $1,148. This indicates that the FMR is higher than the typical market rate, potentially offering landlords a better financial return when participating in the Section 8 program.
About 28.1% of residents in Angel Fire are renters, suggesting a steady demand for rental properties. While this percentage is relatively low compared to urban areas, it still presents an opportunity for landlords who can meet the needs of these tenants.
The median home value in Angel Fire is approximately $507,297, which gives insight into the acquisition cost for a potential rental property. Given the FMR and the local rental prices, investing in a Section 8 property could be a strategic move to ensure a consistent income stream.
Before proceeding, verify that your property meets all the necessary requirements for the Section 8 program, including safety, health, and habitability standards. The Housing Quality Standards (HQS) inspection is critical and must be passed to qualify for the program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.