Location: Curry County, NM | Metro: Curry County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
The Section 8 housing market in ZIP code 88133, located in Curry County, New Mexico, presents a unique opportunity for investors looking to understand the dynamics between federal rental assistance and local rental rates. The HUD Fair Market Rent (FMR) for the area, set at $1,100 per month for the fiscal year 2026, serves as the benchmark for what voucher holders can pay.
Unfortunately, specific market rent data for ZIP 88133 is not available, making direct comparisons challenging. However, based on the HUD FMR of $1,100, landlords and small-portfolio investors can expect that voucher tenants will generally cashflow at this rate, assuming the local market does not exceed this figure significantly. In areas where the FMR closely aligns with actual market rents, it's common for properties to cashflow without needing to be premium units.
The median home value in ZIP 88133 is also not provided, which means deriving an exact rent-to-price ratio is impossible. Nevertheless, understanding the rent-to-price ratio helps investors gauge how rental income compares to property values, providing insight into potential returns on investment. Without this data, we must rely on the FMR to guide our analysis.
Additionally, the lack of specific days-on-market (DOM) and price-cut share percentages indicates a stable market, suggesting that homes are likely selling close to their asking price within a reasonable timeframe. This stability supports a steady flow of rental income, as it implies that there is neither an oversupply nor a shortage of housing in the area.
The strongest angle for investors in ZIP 88133 is stability. Given the consistent FMR and the absence of volatile market conditions, investors can confidently anticipate predictable cash flows and steady occupancy rates, which are critical for long-term financial planning and investment success.
Data Sources: FMR data from HUD (2027).
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.