ZIP 87734 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 87734 in the Colfax County, NM FMR area.

Colfax County, NM

$940Efficiency

$1,0101 bedroom

$1,1702 bedrooms

$1,6003 bedrooms

$1,8404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$940	$846	$1,034	$807
1 bedroom	$1,010	$909	$1,111	$931
2 bedrooms	$1,170	$1,053	$1,287	$1,014
3 bedrooms	$1,600	$1,440	$1,760	$1,376
4 bedrooms	$1,840	$1,656	$2,024	$1,590

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Mora County, NM

$940Efficiency

$1,0101 bedroom

$1,1702 bedrooms

$1,6003 bedrooms

$1,8404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$940	$846	$1,034	$807
1 bedroom	$1,010	$909	$1,111	$833
2 bedrooms	$1,170	$1,053	$1,287	$1,014
3 bedrooms	$1,600	$1,440	$1,760	$1,388
4 bedrooms	$1,840	$1,656	$2,024	$1,590

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 87734

$60,709average adjusted gross income per tax return (2022)

$30,409average salaries and wages per return

110tax returns filed

23%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	36.4%
$25,000 to $50,000	36.4%
$50,000 to $75,000	0.0%
$75,000 to $100,000	27.3%
$100,000 to $200,000	0.0%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 0.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 87734?

HUD's FY2027 Small Area FMRs for ZIP 87734 (Colfax County, NM) are $940 efficiency, $1,010 one bedroom, $1,170 two bedrooms, $1,600 three and $1,840 four bedrooms.

What payment standard can a housing authority set in ZIP 87734?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,053 to $1,287.

How affordable is rent in ZIP 87734?

Tax returns filed from ZIP 87734 reported an average adjusted gross income of $60,709 (2022). A two-bedroom unit at the Small Area FMR costs $14,040 a year, or 23% of that income.