Location: Lincoln County, NM | Metro: Lincoln County, NM
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The ZIP code 88324 presents an interesting scenario for real-estate investors looking into Section 8 properties. On the axis of yield, the FMR (Fair Market Rent) stands at $1,000 per month for a metro area in fiscal year 2026, indicating a strong potential rental income. However, the absence of specific market and home value data means that the comparison to typical market rents and property values cannot be fully assessed. This makes it challenging to determine how competitive the rental rates are compared to non-subsidized properties.
Moving onto stability, the figures here are less conclusive. With 0.0% of renters being part of the Section 8 program, there's a notable lack of participation in subsidized housing, which could suggest lower demand for Section 8 units. The N/A data for days on market (DOM) and median income indicate incomplete information, making it difficult to gauge the overall economic health and demand dynamics of the area.
Given the available data, 88324 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. The strong rental income at $1,000 per month is attractive, but the low percentage of Section 8 participants suggests a more stable tenant pool who might be less likely to face financial hardships. Without additional data on market competition and economic indicators, this conclusion is based on the high rental income figure and the implication of a potentially more financially secure tenant base.
To make a more informed decision, further investigation into local market conditions, including the average market rent for similar properties and the typical days on market for rentals, would provide clearer insights into the investment potential of ZIP 88324.
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.