Location: Hidalgo County, NM | Metro: Hidalgo 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)
0.0% of the population in ZIP code 88056 rents their homes, indicating a predominantly owner-occupied area. This statistic underscores the limited demand for rental properties compared to other regions. $68,010 is the median income in this ZIP code, which is an important figure for understanding the financial capacity of potential tenants. However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, providing a benchmark for rental pricing that aligns with federal housing assistance guidelines.
N/A is listed for both the market rent and median home value in ZIP 88056, suggesting that these metrics are either not available or not applicable. This absence of data could be due to several factors, including a lack of sufficient rental listings or home sales within the period measured. The Days on Market (DOM) and price-cut share percentages are also marked as N/A, indicating that there might not have been enough recent transactions to provide reliable averages.
In conclusion, the low renter share of 0.0% and the availability of only partial data points such as the median income and FMR indicate that ZIP 88056 is not a typical market for rental investments. Landlords and small-portfolio investors should carefully consider the unique characteristics of this area before making investment decisions. The verdict for Section 8 participation in ZIP 88056 is not recommended due to the lack of rental activity and the limited data available for analysis.
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.