FY2027 Small Area FMR · Mora, NM

ZIP 87732 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 87732 (Mora, NM) is $1,010 a month, up 4.1% from FY2026. That is 0% equal to the Mora County, NM area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 4.1%

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

Rank in the area4thof 14 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▲ 12.5%

1 BR$830▲ 3.8%

2 BR$1,010▲ 4.1%

3 BR$1,400▲ 5.3%

4 BR$1,600▲ 1.9%

FY2027 FY2026

Where 87732 sits in the Mora County, NM area

Of the 14 ZIP codes HUD lists for the area, 87732 has the 4th highest two-bedroom Small Area FMR. Mora 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	$720
1 bedroom	$830	$747 – $913	$833	$800
2 bedrooms	$1,010	$909 – $1,111	$1,014	$970
3 bedrooms	$1,400	$1,260 – $1,540	$1,388	$1,330
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 $57,700 and the 80% low-income limit for four people is $58,300. ZIP code 87732 lies mainly in Mora County. See the Mora County, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
87715	Cleveland	4.9 mi	$1,010
87723	Holman	7.0 mi	$1,010
87736	Rainsville	9.5 mi	$1,010
87742	Rociada	10.1 mi	$1,060
87712	Buena Vista	12.6 mi	$1,010
87579	Vadito	12.9 mi	$1,380

Questions

What is the Fair Market Rent for ZIP code 87732?

HUD's FY2027 Small Area Fair Market Rents for 87732 are $810 (studio), $830 (1 BR), $1,010 (2 BR), $1,400 (3 BR) and $1,600 (4 BR) a month.

What is the Section 8 payment standard in 87732?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 87732 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 87732?

The FY2026 income limits of the Mora County, NM area apply: median family income $57,700, low-income (80%) limit $58,300 for a family of four.