FY2027 Small Area FMR · Jamestown, NM
ZIP 87347 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 87347 (Jamestown, NM) is $1,460 a month, up 2.8% from FY2026. That is 28% above the McKinley County, NM area-wide FMR of $1,140.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 87347 sits in the McKinley County, NM area
Of the 25 ZIP codes HUD lists for the area, 87347 has the 4th 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 $1,460 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,050 | $945 – $1,155 | $794 | $990 |
| 1 bedroom | $1,180 | $1,062 – $1,298 | $911 | $1,160 |
| 2 bedrooms | $1,460 | $1,314 – $1,606 | $1,140 | $1,420 |
| 3 bedrooms | $1,740 | $1,566 – $1,914 | $1,358 | $1,710 |
| 4 bedrooms | $1,920 | $1,728 – $2,112 | $1,498 | $1,870 |
A household renting a two-bedroom home at the Small Area FMR of $1,460 needs about $58,400 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 87347 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
Questions
What is the Fair Market Rent for ZIP code 87347?
HUD's FY2027 Small Area Fair Market Rents for 87347 are $1,050 (studio), $1,180 (1 BR), $1,460 (2 BR), $1,740 (3 BR) and $1,920 (4 BR) a month.
What is the Section 8 payment standard in 87347?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 87347 that range is $1,314 to $1,606 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 87347?
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.