FY2027 Small Area FMR · Fruitland, NM

ZIP 87416 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 87416 (Fruitland, NM) is $1,230 a month, unchanged from FY2026. That is 10% above the Farmington, NM area-wide FMR of $1,116.

2-bedroom SAFMR$1,230per month ■ 0.0%

Area-wide 2 BR FMR$1,116Farmington, NM

Rank in the area6thof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,107

2 BR Small Area FMR$1,230

110% of SAFMR$1,353

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

Studio$940▼ 6.0%

1 BR$940▼ 6.0%

2 BR$1,230■ 0.0%

3 BR$1,700▼ 0.6%

4 BR$1,840▼ 0.5%

FY2027 FY2026

Where 87416 sits in the Farmington, NM area

Of the 22 ZIP codes HUD lists for the area, 87416 has the 6th highest two-bedroom Small Area FMR. Farmington, 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 $1,116 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,230 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	$940	$846 – $1,034	$850	$1,000
1 bedroom	$940	$846 – $1,034	$855	$1,000
2 bedrooms	$1,230	$1,107 – $1,353	$1,116	$1,230
3 bedrooms	$1,700	$1,530 – $1,870	$1,545	$1,710
4 bedrooms	$1,840	$1,656 – $2,024	$1,673	$1,850

A household renting a two-bedroom home at the Small Area FMR of $1,230 needs about $49,200 a year to keep housing costs at 30% of income. The area median family income is $80,300 and the 80% low-income limit for four people is $64,250. ZIP code 87416 lies mainly in San Juan County. See the Farmington, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
87417	Kirtland	5.3 mi	$1,010
87421	Waterflow	6.3 mi	$1,180
87401	Farmington	14.0 mi	$1,190
87402	Farmington	16.7 mi	$1,220
87415	Flora Vista	20.0 mi	$1,470
87418	La Plata	22.9 mi	$1,240

Questions

What is the Fair Market Rent for ZIP code 87416?

HUD's FY2027 Small Area Fair Market Rents for 87416 are $940 (studio), $940 (1 BR), $1,230 (2 BR), $1,700 (3 BR) and $1,840 (4 BR) a month.

What is the Section 8 payment standard in 87416?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 87416 that range is $1,107 to $1,353 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 87416?

The FY2026 income limits of the Farmington, NM area apply: median family income $80,300, low-income (80%) limit $64,250 for a family of four.