Location: Hidalgo County, NM | Metro: Grant County, NM
| 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 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 88045 in Hidalgo County, NM, reveals several key insights for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $990 for the fiscal year 2026, which is higher than the current market rent of $804 as reported by the Census ACS.
This difference indicates that voucher tenants will generally cashflow at the FMR rate. Landlords can expect positive cashflow from Section 8 tenants without needing to seek premium units, although the exact amount will depend on individual property costs and expenses.
The median home value in the area is not available, making it difficult to derive an accurate rent-to-price ratio. However, the absence of this data does not significantly impact the analysis given the focus on rental properties. Additionally, the day-on-market (DOM) and price-cut share figures are also not available, which means we cannot directly assess the rent-versus-buy dynamics in the area.
In conclusion, the strongest angle for investors in ZIP 88045 is cashflow. With the HUD FMR exceeding the current market rent, landlords can secure steady income from Section 8 tenants while maintaining positive financial performance.
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.