FY2027 Small Area FMR · Cerro, NM

ZIP 87519 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 87519 (Cerro, NM) is $1,160 a month, up 6.4% from FY2026. That is 10% below the Taos County, NM area-wide FMR of $1,292.

2-bedroom SAFMR$1,160per month ▲ 6.4%

Area-wide 2 BR FMR$1,292Taos County, NM

Rank in the area16thof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,044

2 BR Small Area FMR$1,160

110% of SAFMR$1,276

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

Studio$820▲ 6.5%

1 BR$970▲ 6.6%

2 BR$1,160▲ 6.4%

3 BR$1,440▲ 5.9%

4 BR$1,940▲ 6.0%

FY2027 FY2026

Where 87519 sits in the Taos County, NM area

Of the 22 ZIP codes HUD lists for the area, 87519 has the 16th highest two-bedroom Small Area FMR. Taos 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 $1,292 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,160 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	$820	$738 – $902	$900	$770
1 bedroom	$970	$873 – $1,067	$1,104	$910
2 bedrooms	$1,160	$1,044 – $1,276	$1,292	$1,090
3 bedrooms	$1,440	$1,296 – $1,584	$1,626	$1,360
4 bedrooms	$1,940	$1,746 – $2,134	$1,932	$1,830

A household renting a two-bedroom home at the Small Area FMR of $1,160 needs about $46,400 a year to keep housing costs at 30% of income. The area median family income is $80,500 and the 80% low-income limit for four people is $64,400. ZIP code 87519 lies mainly in Taos County. See the Taos County, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
87556	Questa	8.5 mi	$1,160
87564	San Cristobal	11.2 mi	$1,290
87524	Costilla	11.5 mi	$1,290
87558	Red River	11.6 mi	$1,160
87513	Arroyo Hondo	13.5 mi	$1,290
87580	Valdez	14.2 mi	$1,290

Questions

What is the Fair Market Rent for ZIP code 87519?

HUD's FY2027 Small Area Fair Market Rents for 87519 are $820 (studio), $970 (1 BR), $1,160 (2 BR), $1,440 (3 BR) and $1,940 (4 BR) a month.

What is the Section 8 payment standard in 87519?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 87519 that range is $1,044 to $1,276 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 87519?

The FY2026 income limits of the Taos County, NM area apply: median family income $80,500, low-income (80%) limit $64,400 for a family of four.