FY2027 Small Area FMR · Eagle Nest, NM

ZIP 87718 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 87718 (Eagle Nest, NM) is $1,280 a month, down 3.8% from FY2026. That is 26% above the Colfax County, NM area-wide FMR of $1,014.

2-bedroom SAFMR$1,280per month ▼ 3.8%

Area-wide 2 BR FMR$1,014Colfax County, NM

Rank in the area2ndof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,152

2 BR Small Area FMR$1,280

110% of SAFMR$1,408

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

Studio$1,020▲ 3.0%

1 BR$1,180▼ 2.5%

2 BR$1,280▼ 3.8%

3 BR$1,740▼ 2.2%

4 BR$2,010▼ 6.1%

FY2027 FY2026

Where 87718 sits in the Colfax County, NM area

Of the 12 ZIP codes HUD lists for the area, 87718 has the 2nd highest two-bedroom Small Area FMR. Colfax 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 $1,280 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	$1,020	$918 – $1,122	$807	$990
1 bedroom	$1,180	$1,062 – $1,298	$931	$1,210
2 bedrooms	$1,280	$1,152 – $1,408	$1,014	$1,330
3 bedrooms	$1,740	$1,566 – $1,914	$1,376	$1,780
4 bedrooms	$2,010	$1,809 – $2,211	$1,590	$2,140

A household renting a two-bedroom home at the Small Area FMR of $1,280 needs about $51,200 a year to keep housing costs at 30% of income. The area median family income is $64,700 and the 80% low-income limit for four people is $58,300. ZIP code 87718 lies mainly in Colfax County. See the Colfax County, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
87525	Taos Ski Valley	9.4 mi	$1,170
87558	Red River	10.4 mi	$1,160
87749	Ute Park	11.1 mi	$1,180
87514	Arroyo Seco	13.6 mi	$1,290
87580	Valdez	15.3 mi	$1,290
87710	Angel Fire	15.4 mi	$1,520

Questions

What is the Fair Market Rent for ZIP code 87718?

HUD's FY2027 Small Area Fair Market Rents for 87718 are $1,020 (studio), $1,180 (1 BR), $1,280 (2 BR), $1,740 (3 BR) and $2,010 (4 BR) a month.

What is the Section 8 payment standard in 87718?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 87718 that range is $1,152 to $1,408 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 87718?

The FY2026 income limits of the Colfax County, NM area apply: median family income $64,700, low-income (80%) limit $58,300 for a family of four.