Location: Roosevelt County, NM | Metro: Roosevelt County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
15.8% of renters in ZIP code 88113 are part of the rental market, which is an important metric for landlords. However, the median home value and market rent data are currently unavailable, making it challenging to assess the overall property value trends. Despite this, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $990, providing a benchmark for rental pricing. Landlords can use this figure to ensure their rents are competitive and aligned with HUD guidelines. The median income of $71,250 in the area suggests that tenants may have sufficient financial stability to meet rental obligations, though it's crucial to consider the income distribution when evaluating potential tenants. Unfortunately, the days on market (DOM) and percentage of price-cut share data are also not available, which would typically help gauge how quickly properties are rented out and the competitiveness of pricing. Given the limited data, landlords should focus on maintaining properties at or below the $990 FMR to comply with Section 8 requirements. Additionally, understanding local tenant demographics and income levels will be key to successful property management under the Section 8 program. With the known figures, landlords in ZIP 88113 can still make informed decisions about setting rents and managing properties. The lack of certain metrics, however, means they must rely more heavily on other sources of information, such as local real estate agents or HUD updates. In conclusion, while there are gaps in the available data, the $990 FMR and $71,250 median income provide a solid foundation for landlords participating in Section 8 in ZIP 88113.
Section 8 Verdict: Viable for landlords willing to adhere to HUD guidelines and stay informed about local market conditions.
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.