ZIP 87821 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 87821 in the Catron County, NM FMR area.

Catron County, NM

$840Efficiency

$8701 bedroom

$1,0602 bedrooms

$1,4503 bedrooms

$1,6604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$840	$756	$924	$842
1 bedroom	$870	$783	$957	$870
2 bedrooms	$1,060	$954	$1,166	$1,059
3 bedrooms	$1,450	$1,305	$1,595	$1,449
4 bedrooms	$1,660	$1,494	$1,826	$1,660

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

Grant County, NM

$840Efficiency

$8701 bedroom

$1,0602 bedrooms

$1,4503 bedrooms

$1,6604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$840	$756	$924	$820
1 bedroom	$870	$783	$957	$825
2 bedrooms	$1,060	$954	$1,166	$1,070
3 bedrooms	$1,450	$1,305	$1,595	$1,286
4 bedrooms	$1,660	$1,494	$1,826	$1,678

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

Income in ZIP 87821

$49,250average adjusted gross income per tax return (2022)

$19,086average salaries and wages per return

280tax returns filed

26%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	46.4%
$25,000 to $50,000	21.4%
$50,000 to $75,000	10.7%
$75,000 to $100,000	7.1%
$100,000 to $200,000	14.3%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 87821?

HUD's FY2027 Small Area FMRs for ZIP 87821 (Catron County, NM) are $840 efficiency, $870 one bedroom, $1,060 two bedrooms, $1,450 three and $1,660 four bedrooms.

What payment standard can a housing authority set in ZIP 87821?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $954 to $1,166.

How affordable is rent in ZIP 87821?

Tax returns filed from ZIP 87821 reported an average adjusted gross income of $49,250 (2022). A two-bedroom unit at the Small Area FMR costs $12,720 a year, or 26% of that income.