Location: Harding County, NM | Metro: Harding County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $2,140 |
| 5 Bedrooms | $2,482 |
| 6 Bedrooms | $2,780 |
| 7 Bedrooms | $3,002 |
| 8 Bedrooms | $3,152 |
U.S. Census Bureau data (2024)
The ZIP code 87733 presents a dynamic rental market that is indicative of current housing pressures. With a Fair Market Rent (FMR) of $1,180 for the fiscal year 2026, landlords and small-portfolio investors should take note of the established rental threshold set by the government for this area.
The absence of reported market rent data suggests that either there is limited private sector activity, or the government's FMR closely aligns with the actual rents being charged. This lack of discrepancy between FMR and market rent can be interpreted as a sign of regulatory adherence, but it also points to potential challenges in adjusting rents based on purely market-driven factors.
The rental share of 14.8% highlights a significant portion of the population that relies on renting as their primary form of housing. This figure underscores the ongoing need for rental properties in the area, suggesting that demand for rentals could persist over the long term. A higher renter share often correlates with greater housing pressure, as renters may struggle to find affordable options or transition to homeownership due to various economic constraints.
While the median home value and days on market (DOM) figures are not available, the dynamics of a high renter share combined with a defined FMR indicate a market where demand for rental properties is likely to remain strong. Landlords should consider the stability this provides, as well as the potential for rental income to keep pace with inflationary pressures and other economic changes.
In summary, ZIP 87733 appears to be a market where rental demand is supported by a significant portion of the population choosing or needing to rent. The FMR serves as a benchmark for rental rates, ensuring that the market remains accessible to those who qualify for assistance programs. This balance between government standards and private sector needs creates a stable yet competitive environment for landlords and small-portfolio investors.
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.