ZIP 88039 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 88039 in the Catron County, NM FMR area.

$810Efficiency
$8301 bedroom
$1,0102 bedrooms
$1,4003 bedrooms
$1,6004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$810$729$891$842
1 bedroom$830$747$913$870
2 bedrooms$1,010$909$1,111$1,059
3 bedrooms$1,400$1,260$1,540$1,449
4 bedrooms$1,600$1,440$1,760$1,660

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

Income in ZIP 88039

$49,780average adjusted gross income per tax return (2022)
$19,090average salaries and wages per return
200tax returns filed
24%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00045.0%
$25,000 to $50,00020.0%
$50,000 to $75,00020.0%
$75,000 to $100,0000.0%
$100,000 to $200,00015.0%
$200,000 or more0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 15.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 88039?

HUD's FY2027 Small Area FMRs for ZIP 88039 (Catron County, NM) are $810 efficiency, $830 one bedroom, $1,010 two bedrooms, $1,400 three and $1,600 four bedrooms.

What payment standard can a housing authority set in ZIP 88039?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $909 to $1,111.

How affordable is rent in ZIP 88039?

Tax returns filed from ZIP 88039 reported an average adjusted gross income of $49,780 (2022). A two-bedroom unit at the Small Area FMR costs $12,120 a year, or 24% of that income.