FY2027 Small Area FMR · Socorro, NM

ZIP 87801 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 87801 (Socorro, NM) is $1,030 a month, up 6.2% from FY2026. That is 2% above the Socorro County, NM area-wide FMR of $1,014.

2-bedroom SAFMR$1,030per month ▲ 6.2%

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

Rank in the area6thof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$927

2 BR Small Area FMR$1,030

110% of SAFMR$1,133

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

Studio$820▲ 13.9%

1 BR$950▲ 6.7%

2 BR$1,030▲ 6.2%

3 BR$1,430▲ 5.9%

4 BR$1,610▲ 2.5%

FY2027 FY2026

Where 87801 sits in the Socorro County, NM area

Of the 12 ZIP codes HUD lists for the area, 87801 has the 6th highest two-bedroom Small Area FMR. Socorro 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 $1,030 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	$820	$738 – $902	$807	$720
1 bedroom	$950	$855 – $1,045	$931	$890
2 bedrooms	$1,030	$927 – $1,133	$1,014	$970
3 bedrooms	$1,430	$1,287 – $1,573	$1,404	$1,350
4 bedrooms	$1,610	$1,449 – $1,771	$1,590	$1,570

A household renting a two-bedroom home at the Small Area FMR of $1,030 needs about $41,200 a year to keep housing costs at 30% of income. The area median family income is $50,000 and the 80% low-income limit for four people is $58,300. ZIP code 87801 lies mainly in Socorro County. See the Socorro County, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
87828	Polvadera	7.5 mi	$1,010
87823	Lemitar	8.3 mi	$1,010
87831	San Acacia	11.3 mi	$1,010
87028	La Joya	17.8 mi	$1,010
87062	Veguita	23.6 mi	$1,320
87832	San Antonio	24.9 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 87801?

HUD's FY2027 Small Area Fair Market Rents for 87801 are $820 (studio), $950 (1 BR), $1,030 (2 BR), $1,430 (3 BR) and $1,610 (4 BR) a month.

What is the Section 8 payment standard in 87801?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 87801 that range is $927 to $1,133 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 87801?

The FY2026 income limits of the Socorro County, NM area apply: median family income $50,000, low-income (80%) limit $58,300 for a family of four.