Location: Catron County, NM | Metro: Catron County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
0.0% of the population in ZIP 87824 relies on rental housing, indicating a very low demand for apartments and houses for rent. This statistic aligns with the lack of available market rent data, suggesting that rental properties are scarce in this area. The absence of median home value data further supports the notion that homeownership is not a prevalent trend among residents of 87824. Additionally, the unavailability of median income data implies that economic specifics for this region are not well-documented, which can make financial planning challenging for investors. With no days on market (DOM) data available, it's impossible to assess how quickly properties are selling or renting, though the low renter share might suggest slower turnover rates. Similarly, the N/A percentage for price-cut share indicates that there is little to no information on how often sellers have to reduce their asking prices to attract buyers. Given these circumstances, the Fair Market Rent (FMR) for the metro area as of fiscal year 2026 stands at $1,040, providing a benchmark for rental pricing in the vicinity. However, considering the low renter share and the lack of comprehensive market data, landlords and small-portfolio investors should proceed with caution. The verdict on Section 8 eligibility for 87824 is negative due to the scarcity of rental demand and insufficient economic indicators.
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.