FY2027 Small Area FMR · Continental Divide, NM

ZIP 87312 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 87312 (Continental Divide, NM) is $1,070 a month, down 7.0% from FY2026. That is 6% below the McKinley County, NM area-wide FMR of $1,140.

2-bedroom SAFMR$1,070per month ▼ 7.0%

Area-wide 2 BR FMR$1,140McKinley County, NM

Rank in the area17thof 25 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$963

2 BR Small Area FMR$1,070

110% of SAFMR$1,177

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

Studio$770▼ 3.8%

1 BR$870▼ 7.4%

2 BR$1,070▼ 7.0%

3 BR$1,280▼ 7.9%

4 BR$1,410▼ 7.2%

FY2027 FY2026

Where 87312 sits in the McKinley County, NM area

Of the 25 ZIP codes HUD lists for the area, 87312 has the 17th highest two-bedroom Small Area FMR. McKinley 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 $1,140 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,070 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	$770	$693 – $847	$794	$800
1 bedroom	$870	$783 – $957	$911	$940
2 bedrooms	$1,070	$963 – $1,177	$1,140	$1,150
3 bedrooms	$1,280	$1,152 – $1,408	$1,358	$1,390
4 bedrooms	$1,410	$1,269 – $1,551	$1,498	$1,520

A household renting a two-bedroom home at the Small Area FMR of $1,070 needs about $42,800 a year to keep housing costs at 30% of income. The area median family income is $56,400 and the 80% low-income limit for four people is $58,300. ZIP code 87312 lies mainly in McKinley County. See the McKinley County, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
87316	Fort Wingate	5.2 mi	$1,410
87347	Jamestown	7.0 mi	$1,460
87323	Thoreau	7.7 mi	$1,020
87365	Smith Lake	9.2 mi	$1,020
87045	Prewitt	14.1 mi	$1,040
87311	Church Rock	16.7 mi	$1,180

Questions

What is the Fair Market Rent for ZIP code 87312?

HUD's FY2027 Small Area Fair Market Rents for 87312 are $770 (studio), $870 (1 BR), $1,070 (2 BR), $1,280 (3 BR) and $1,410 (4 BR) a month.

What is the Section 8 payment standard in 87312?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 87312 that range is $963 to $1,177 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 87312?

The FY2026 income limits of the McKinley County, NM area apply: median family income $56,400, low-income (80%) limit $58,300 for a family of four.