Location: Roosevelt County, NM | Metro: De Baca County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 88134, located in Roosevelt County, New Mexico, reveals key insights into the viability of voucher tenants. The HUD Fair Market Rent (FMR) for the area is set at $970 for the fiscal year 2026, which aligns closely with the local rental market conditions given that the current market rent data is unavailable. This suggests that voucher tenants will generally cashflow at the FMR rate, meaning that landlords can expect to cover their expenses without significant loss.
The median home value in ZIP 88134 is also not available, but this lack of data does not significantly impact the decision-making process for Section 8 investors. Since the focus is on rental properties rather than home purchases, the rent-to-price ratio derived from home values is less relevant. However, it's important to note that the absence of median days on market (DOM) and price cut percentage data indicates a potentially stable real estate market where property listings do not linger long and sellers are not forced to lower their asking prices frequently.
In the absence of specific market rent figures, it's prudent to consider that the HUD FMR is often adjusted to reflect the economic realities of an area. Thus, setting rents at or slightly above the FMR should ensure that landlords attract tenants who can afford the rent while still qualifying for vouchers. Given the alignment between the HUD FMR and the expected market conditions, voucher tenants will likely cashflow at the FMR rate, making it feasible for landlords to maintain profitability without the need for premium units.
The strongest angle for investors in this ZIP code is stability. With voucher tenants providing a steady stream of income that matches the HUD FMR, landlords can expect consistent cash flow and reduced risk associated with tenant turnover and vacancy rates. This makes ZIP 88134 a reliable investment choice for those seeking a stable rental income in the Section 8 program.
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.