Location: Chaves County, NM | Metro: Chaves County, NM
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $162,326 | 0.75% | D |
| 3BR | $1,640 | $259,115 | 0.63% | D |
| 4BR | $1,800 | $376,658 | 0.48% | F |
| 5BR | $2,088 | $448,631 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 88201, located in Roswell, NM, positions itself within the broader context of Chaves County, NM. Its Fair Market Rent (FMR) for the fiscal year 2026 is set at $1,180, which is slightly below the market rent of $1,273. This suggests that while it is not the most expensive area within the metro, it still commands a competitive rental price. The median home value in 88201 stands at $227,583, which is relatively low compared to other ZIP codes in the county. Given that the renter share is 24.5%, this indicates a moderate proportion of residents who prefer renting over owning.
When comparing these figures to typical ZIP codes in Chaves County, NM, the lower FMR and market rent in 88201 suggest that it could be considered a value pocket within the metro. The below-average home value also supports this classification, as it implies affordability for both renters and potential homeowners. However, the higher-than-average renter share, combined with the below-metro home values, points towards a possible concentration of rental assistance recipients, such as those covered under Section 8 programs. This makes 88201 a particularly attractive location for landlords and small-portfolio investors looking to capitalize on the rental market dynamics.
In summary, ZIP 88201 in Roswell, NM, represents a value pocket within Chaves County's metro, offering a balance between affordable housing and a decent rental market. The specific figures indicate that it is well-suited for investors seeking opportunities where there is a significant number of renters, likely including those with rental assistance, making it an advantageous investment choice.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.