FY2027 Small Area FMR · Santa Cruz, NM

ZIP 87567 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 87567 (Santa Cruz, NM) is $1,520 a month, up 3.4% from FY2026. That is 12% below the Santa Fe, NM area-wide FMR of $1,735.

2-bedroom SAFMR$1,520per month ▲ 3.4%

Area-wide 2 BR FMR$1,735Santa Fe, NM

Rank in the area16thof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,368

2 BR Small Area FMR$1,520

110% of SAFMR$1,672

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

Studio$1,140▲ 1.8%

1 BR$1,260▲ 1.6%

2 BR$1,520▲ 3.4%

3 BR$1,910▲ 2.7%

4 BR$2,010▲ 3.1%

FY2027 FY2026

Where 87567 sits in the Santa Fe, NM area

Of the 22 ZIP codes HUD lists for the area, 87567 has the 16th highest two-bedroom Small Area FMR. Santa Fe, 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 $1,735 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,520 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	$1,140	$1,026 – $1,254	$1,260	$1,120
1 bedroom	$1,260	$1,134 – $1,386	$1,413	$1,240
2 bedrooms	$1,520	$1,368 – $1,672	$1,735	$1,470
3 bedrooms	$1,910	$1,719 – $2,101	$2,134	$1,860
4 bedrooms	$2,010	$1,809 – $2,211	$2,280	$1,950

A household renting a two-bedroom home at the Small Area FMR of $1,520 needs about $60,800 a year to keep housing costs at 30% of income. The area median family income is $118,600 and the 80% low-income limit for four people is $87,500. ZIP code 87567 lies mainly in Santa Fe County. See the Santa Fe, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
87532	Espanola	3.9 mi	$1,520
87566	Ohkay Owingeh	6.0 mi	$1,010
87511	Alcalde	9.2 mi	$1,010
87523	Cordova	10.0 mi	$1,230
87537	Hernandez	10.2 mi	$1,010
87582	Velarde	11.2 mi	$1,060

Questions

What is the Fair Market Rent for ZIP code 87567?

HUD's FY2027 Small Area Fair Market Rents for 87567 are $1,140 (studio), $1,260 (1 BR), $1,520 (2 BR), $1,910 (3 BR) and $2,010 (4 BR) a month.

What is the Section 8 payment standard in 87567?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 87567 that range is $1,368 to $1,672 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 87567?

The FY2026 income limits of the Santa Fe, NM area apply: median family income $118,600, low-income (80%) limit $87,500 for a family of four.