Section 8 Fair Market Rent (FMR) for ZIP 88210 - 2027

Location: Eddy County, NM | Metro: Eddy County, NM

Investment Score for ZIP 88210

Monthly Rent (2BR)

$1,170

Median Price (2BR)

$174,721

1% Rule

0.67%

Annual Yield

8.04%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$980
1 Bedroom	$1,070
2 Bedrooms	$1,170
3 Bedrooms	$1,620
4 Bedrooms	$1,730
5 Bedrooms	$2,007
6 Bedrooms	$2,248
7 Bedrooms	$2,428
8 Bedrooms	$2,549

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,170	$174,721	0.67%	D
3BR	$1,620	$284,813	0.57%	F
4BR	$1,730	$391,065	0.44%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

18,542

Median Household Income

$79,632

Housing Units

7,697

Renter Percentage

28.7%

Occupancy Rate

90.4%

Renter Occupied

1,998

The ZIP code 88210, located in Artesia, New Mexico, offers a unique blend of affordability and stability for real estate investors. Nestled in the southeastern part of the state, Artesia is known for its quiet residential areas and proximity to oil and gas industries, which provide a steady economic foundation.

Fair Market Rent (FMR): The FMR for the metro area in fiscal year 2026 is set at $1,090, indicating a baseline for rental rates that are both reasonable and reflective of local living costs.
Market Rent: The actual market rent, measured by Zillow's ZORI index, stands at $3,648, suggesting strong demand and premium pricing for high-quality units in the area.
Median Home Value: The median home value in Artesia is $242,777, offering investors a cost-effective entry point into the market while still allowing for competitive returns on investment.
Renter Share: With 28.7% of residents being renters, there is a substantial population in the area that relies on the rental market, ensuring a consistent stream of potential tenants.
Days on Market (DOM): The data for days on market is currently unavailable, but this metric is crucial for understanding how quickly properties can be leased or sold.
Median Income: The median household income of $79,632 provides insight into the financial health of the local population and their ability to afford higher rents or property values.

Investors looking to enter the Artesia real estate market should focus on properties that align with the higher end of the rental spectrum, given the significant gap between Fair Market Rent and market rent. This suggests that there is room for premium rentals, especially those that cater to families or individuals with higher incomes. Additionally, the median home value presents an opportunity for investors to acquire properties at relatively low costs compared to other markets, while still achieving strong rental yields. The substantial renter share ensures a stable tenant pool, reducing risks associated with vacancy rates. However, without specific Days on Market data, it's challenging to gauge the speed at which properties are typically leased or sold. Overall, Artesia offers a balanced market with potential for growth and steady returns, particularly for those willing to invest in quality rental units.

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.