Section 8 Fair Market Rent (FMR) for ZIP 88119 - 2027

Location: De Baca County, NM | Metro: De Baca County, NM

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$830
2 Bedrooms	$1,010
3 Bedrooms	$1,400
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

1,444

Median Household Income

$N/A

Housing Units

1,197

Renter Percentage

30.3%

Occupancy Rate

63.2%

Renter Occupied

229

The economics of Section 8 housing in ZIP code 88119 are straightforward when you break them down. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code for fiscal year 2026 is set at $970. However, the local market rent, based on Census ACS data, runs significantly lower at $387 per month.

A landlord might wonder how much they will actually receive from a Section 8 voucher. Here's a step-by-step breakdown:

Tenant Portion: Tenants typically pay 30% of their adjusted income towards rent. If we assume an average income that results in a payment of $387 (the local market rent), then this is the amount the tenant would pay.
Voucher Reimbursement: The Housing Authority covers the difference between the tenant's payment and the SAFMR. In this case, it would be $970 minus the $387 paid by the tenant, which equals $583.

Additionally, there are utility allowances which can vary but are usually around $200-$300 per month. This allowance is meant to help cover the cost of utilities and is paid directly to the landlord.

Therefore, the total reimbursement a landlord receives for a two-bedroom apartment under a Section 8 voucher in ZIP 88119 is the sum of the tenant's portion ($387) and the Housing Authority's reimbursement ($583), plus any applicable utility allowance. Assuming a utility allowance of $250, the total monthly reimbursement would be $1,210.

This means that landlords in ZIP 88119 could see a surplus when renting a two-bedroom unit to a Section 8 participant. The surplus is the difference between the total reimbursement ($1,210) and the local market rent ($387). In this scenario, the surplus amounts to $823 per month.

Note that the SAFMR is specific to this ZIP code, meaning the rate is set considering the local rental market conditions. This localized approach aims to reflect the actual rental costs more accurately than a broader metro/county-level FMR would.

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.