Location: Roosevelt County, NM | Metro: Roosevelt County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 88126 presents a unique snapshot of the rental market, particularly concerning the Section 8 program. The Fair Market Rent (FMR) for the area is set at $980 for fiscal year 2026, indicating a stable benchmark for government-subsidized housing assistance. Despite this clarity on FMR, the current market rent remains unspecified, suggesting a lack of recent data or significant variance in actual rents charged.
A notable absence of information pertains to the percentage of listings that require a price cut and the number of days on the market (DOM). These metrics are crucial for understanding the balance between supply and demand in the rental market. However, the missing data points imply that either there is insufficient activity to provide these statistics, or the market is relatively static, without frequent changes in listing conditions.
The median home value is also not provided, which could indicate a variety of factors including a low volume of home sales or a diverse mix of property types that makes it difficult to generalize. This ambiguity around home values suggests a market that may be less focused on homeownership and more on rentals, although further investigation would be required to confirm this hypothesis.
A critical point of interest is the 0.0% renter share figure, which is highly unusual and suggests that most of the housing units in ZIP 88126 are owner-occupied. This low renter share could point to a community where long-term stability and homeownership are prioritized over transient or rental populations. Such a dynamic can reduce immediate housing pressures but also implies that any increase in demand for rentals could lead to rapid price adjustments due to limited supply.
In summary, ZIP 88126 appears to be a market primarily driven by owner-occupiers, with a stable Section 8 FMR but lacking detailed insights into the current rental market dynamics. The absence of key metrics such as market rent, price-cut percentages, and DOM indicates a need for more comprehensive data collection to fully understand the trajectory and balance of the local rental market.
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.