Section 8 Fair Market Rent (FMR) for ZIP 87752 - 2027

Location: Mora County, NM | Metro: Mora County, NM

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$830
2 Bedrooms	$1,010
3 Bedrooms	$1,400
4 Bedrooms	$1,600
5 Bedrooms	$1,856
6 Bedrooms	$2,079
7 Bedrooms	$2,245
8 Bedrooms	$2,357

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

642

Median Household Income

$43,912

Housing Units

389

Renter Percentage

32.4%

Occupancy Rate

80.2%

Renter Occupied

101

The ZIP code 87752, located in the heart of New Mexico, is a region characterized by its rural charm and modest living costs. This area offers landlords and small-portfolio investors a stable environment with steady demand for rental properties. Below is a concise market analysis based on the latest available data points.

Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. This indicates a moderate increase in expected rental values over the next few years, providing a benchmark for pricing your rental units.
The market rent, as per the Census ACS, stands at $771. This figure reflects the current average rent paid by tenants in the area, suggesting that there is room for price adjustment towards the FMR target.
Renter share is 32.4%, indicating a significant portion of the population prefers leasing over owning. This percentage highlights a consistent demand for rental properties, making it a favorable investment opportunity.
The median income in the area is $43,912. With this income level, tenants are likely to be sensitive to rent prices, emphasizing the importance of competitive yet fair pricing strategies.
Median home value data is currently unavailable. However, given the high renter share and the rural nature of the area, it suggests that homeownership might be less prevalent or more challenging for residents, further bolstering the rental market's strength.
Days on Market (DOM) data is also not available. This could imply either a robust sales process or a lack of recent transactions, which should be considered when evaluating property turnover rates.

Investors looking to enter the market in ZIP 87752 can expect a stable but moderately growing rental landscape. The gap between the current market rent and the projected FMR provides an avenue for increasing rental income over time. Given the median income, it is crucial to maintain affordability while positioning rents to approach the FMR. The strong renter share suggests a reliable tenant base, though the absence of DOM and median home value data means due diligence is required to fully understand the local real estate dynamics. Overall, the area presents a balanced investment opportunity with potential for growth, especially for those who can offer quality rental units at competitive prices.

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.