Location: Roosevelt County, NM | Metro: Roosevelt County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
The ZIP code 88132 presents several challenges for landlords considering Section 8 investments. Tenant turnover can be problematic, especially when comparing the non-disclosed market rent to the $980 Fair Market Rent (FMR) set for fiscal year 2026. This discrepancy may lead to frequent changes in occupancy, which can strain resources and time management. Additionally, the non-disclosed Days on Market (DOM) for vacant properties suggests that there might be periods where units remain unoccupied, increasing financial risk due to lost rental income.
The deferred maintenance exposure is another significant issue. With a non-disclosed typical home value and a median income of $56,765, it's likely that residents have limited funds available for home improvements or repairs beyond basic necessities. This situation could result in higher maintenance costs for landlords who must address these issues to keep their properties up to code and habitable.
However, the ZIP code also offers some advantages. The 42.3% renter share indicates a robust rental market, which typically correlates with higher demand for housing vouchers. This high density of renters suggests that there will be a steady pool of potential tenants with Section 8 vouchers, mitigating some of the risk associated with vacancy rates and tenant turnover.
In conclusion, despite the potential risks, the high demand for rental housing makes the ZIP code 88132 a moderate risk for a first-time Section 8 landlord. The balance between challenges and opportunities creates a scenario where careful property selection and management practices can yield positive outcomes.
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.