FY2027 Small Area FMR · New Laguna, NM

ZIP 87038 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 87038 (New Laguna, NM) is $1,020 a month, up 3.0% from FY2026. That is 0% equal to the Cibola County, NM area-wide FMR of $1,022.

2-bedroom SAFMR$1,020per month ▲ 3.0%

Area-wide 2 BR FMR$1,022Cibola County, NM

Rank in the area9thof 16 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$810▲ 9.5%

1 BR$850▲ 3.7%

2 BR$1,020▲ 3.0%

3 BR$1,220■ 0.0%

4 BR$1,340▲ 2.3%

FY2027 FY2026

Where 87038 sits in the Cibola County, NM area

Of the 16 ZIP codes HUD lists for the area, 87038 has the 9th highest two-bedroom Small Area FMR. Cibola County, NM is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,022 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,020 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$810	$729 – $891	$813	$740
1 bedroom	$850	$765 – $935	$852	$820
2 bedrooms	$1,020	$918 – $1,122	$1,022	$990
3 bedrooms	$1,220	$1,098 – $1,342	$1,218	$1,220
4 bedrooms	$1,340	$1,206 – $1,474	$1,343	$1,310

A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $62,600 and the 80% low-income limit for four people is $58,300. ZIP code 87038 lies mainly in Cibola County. See the Cibola County, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
87040	Paguate	1.9 mi	$1,020
87007	Casa Blanca	7.0 mi	$1,020
87014	Cubero	10.2 mi	$1,320
87049	San Fidel	10.6 mi	$1,020
87026	Laguna	13.2 mi	$1,430
87034	Pueblo Of Acoma	23.2 mi	$1,020

Questions

What is the Fair Market Rent for ZIP code 87038?

HUD's FY2027 Small Area Fair Market Rents for 87038 are $810 (studio), $850 (1 BR), $1,020 (2 BR), $1,220 (3 BR) and $1,340 (4 BR) a month.

What is the Section 8 payment standard in 87038?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 87038 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 87038?

The FY2026 income limits of the Cibola County, NM area apply: median family income $62,600, low-income (80%) limit $58,300 for a family of four.