FY2027 Small Area FMR · Miami, NM

ZIP 87729 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 87729 (Miami, NM) is $1,010 a month, up 4.1% from FY2026. That is 0% equal to the Colfax County, NM area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 4.1%

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

Rank in the area6thof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

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

Studio$810▲ 11.0%

1 BR$930▲ 4.5%

2 BR$1,010▲ 4.1%

3 BR$1,390▲ 6.9%

4 BR$1,600▲ 1.9%

FY2027 FY2026

Where 87729 sits in the Colfax County, NM area

Of the 12 ZIP codes HUD lists for the area, 87729 has the 6th 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 $1,010 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	$810	$729 – $891	$807	$730
1 bedroom	$930	$837 – $1,023	$931	$890
2 bedrooms	$1,010	$909 – $1,111	$1,014	$970
3 bedrooms	$1,390	$1,251 – $1,529	$1,376	$1,300
4 bedrooms	$1,600	$1,440 – $1,760	$1,590	$1,570

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 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 87729 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
87714	Cimarron	7.9 mi	$1,010
87734	Ocate	17.8 mi	$1,170
87747	Springer	19.6 mi	$1,010
87752	Wagon Mound	21.6 mi	$1,010
87749	Ute Park	23.0 mi	$1,180
87728	Maxwell	23.1 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 87729?

HUD's FY2027 Small Area Fair Market Rents for 87729 are $810 (studio), $930 (1 BR), $1,010 (2 BR), $1,390 (3 BR) and $1,600 (4 BR) a month.

What is the Section 8 payment standard in 87729?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 87729 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 87729?

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.