Section 8 Fair Market Rent (FMR) for ZIP 88009 - 2027

Location: Hidalgo County, NM | Metro: Hidalgo County, NM

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$830
2 Bedrooms	$1,010
3 Bedrooms	$1,410
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

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

N/A

Renter Occupied

The ZIP code 88009, located in New Mexico, is characterized by its rural setting and smaller population size, which directly influences the dynamics of the local real estate market. The area offers a unique opportunity for landlords and small-portfolio investors who are looking to navigate a less competitive but stable rental market.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, providing a benchmark for rental pricing in the region.
Market rent data is currently unavailable for ZIP 88009, suggesting that the rental market may be less active or that there is insufficient data to provide a reliable figure.
Median home value data is also not available, indicating that the area might have a lower concentration of homeownership compared to other regions.
The percentage of renters in the community is unknown, but given the rural nature of the area, it's likely that a significant portion of residents are renters rather than homeowners.
Average days on market (DOM) for properties in the area is not available, which could imply either a very efficient or inefficient local real estate transaction process.
The median income of the residents in ZIP 88009 is currently not reported, making it difficult to assess the financial stability and spending power of potential tenants.

Investors should consider the ZIP code 88009 as a niche market with limited competition and a reliance on Fair Market Rent guidelines for pricing. While the lack of specific data points such as market rent and median home values can make investment decisions challenging, the area presents opportunities for those willing to conduct thorough local research. Given the rural setting, it is advisable to focus on properties that cater to long-term tenants, ensuring steady cash flow despite the lack of detailed market metrics.

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.