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 88343, located in Lincoln County, New Mexico, is best suited as a diversifier within a Section 8 portfolio strategy. With a 71.4% renter share, this area presents a significant opportunity for landlords and small-portfolio investors to capitalize on the high demand for rental properties.
The median home value in 88343 is $317,800, which is slightly below the national median value of $338,100. This suggests that the area is not likely to be an appreciation play, given that the price cut share and days on market (DOM) are not available. However, the area's strong rental market makes it an attractive option for generating steady cash flow.
To further illustrate, the Fair Market Rent (FMR) for a one-bedroom apartment in the 88343 metro area for fiscal year 2026 is set at $1,000. Given the lack of specific market data, we can infer that the rental market is robust enough to support this rate. The spread between the FMR and the market rate, if any, would provide additional insight into the potential cash flow generation from rental properties in this ZIP code.
In summary, ZIP 88343 should be considered a diversifier in a Section 8 portfolio due to its high renter share and median home value that is comparable to other areas in New Mexico. This allows investors to balance their portfolio with properties that generate consistent cash flow while also taking advantage of the growing rental market in the region.
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.