FY2027 Small Area FMR · Embudo, NM
ZIP 87531 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 87531 (Embudo, NM) is $1,160 a month, up 19.6% from FY2026. That is 14% above the Rio Arriba County, NM area-wide FMR of $1,014.
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 87531 sits in the Rio Arriba County, NM area
Of the 36 ZIP codes HUD lists for the area, 87531 has the 12th highest two-bedroom Small Area FMR. Rio Arriba 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 $1,014 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,160 for this ZIP code instead.
ZIP code 87531 crosses more than one HUD area. HUD also lists it under Taos County, NM (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $850 | $765 – $935 | $822 | $740 |
| 1 bedroom | $970 | $873 – $1,067 | $833 | $750 |
| 2 bedrooms | $1,160 | $1,044 – $1,276 | $1,014 | $970 |
| 3 bedrooms | $1,470 | $1,323 – $1,617 | $1,387 | $1,200 |
| 4 bedrooms | $1,940 | $1,746 – $2,134 | $1,597 | $1,450 |
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 $73,700 and the 80% low-income limit for four people is $58,950. ZIP code 87531 lies mainly in Taos County and Rio Arriba County. See the Rio Arriba 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 87531?
HUD's FY2027 Small Area Fair Market Rents for 87531 are $850 (studio), $970 (1 BR), $1,160 (2 BR), $1,470 (3 BR) and $1,940 (4 BR) a month.
What is the Section 8 payment standard in 87531?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 87531 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 87531?
The FY2026 income limits of the Rio Arriba County, NM area apply: median family income $73,700, low-income (80%) limit $58,950 for a family of four.