FY2027 Small Area FMR · Animas, NM

ZIP 88020 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 88020 (Animas, NM) is $1,010 a month, up 4.1% from FY2026. That is 0% equal to the Hidalgo County, NM area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 4.1%

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

Rank in the area1stof 5 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$1,410▲ 4.4%

4 BR$1,600▲ 1.9%

FY2027 FY2026

Where 88020 sits in the Hidalgo County, NM area

Of the 5 ZIP codes HUD lists for the area, 88020 has the 1st highest two-bedroom Small Area FMR. Hidalgo 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	$1,410	$1,269 – $1,551	$1,404	$1,350
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 $71,200 and the 80% low-income limit for four people is $58,300. ZIP code 88020 lies mainly in Hidalgo County. See the Hidalgo County, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
88056	Rodeo	9.8 mi	$1,010
88009	Playas	21.9 mi	$1,010
85632	San Simon	28.1 mi	$1,140
88040	Hachita	30.9 mi	$1,010
85607	Douglas	36.2 mi	$1,140
88045	Lordsburg	42.6 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 88020?

HUD's FY2027 Small Area Fair Market Rents for 88020 are $810 (studio), $830 (1 BR), $1,010 (2 BR), $1,410 (3 BR) and $1,600 (4 BR) a month.

What is the Section 8 payment standard in 88020?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 88020 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 88020?

The FY2026 income limits of the Hidalgo County, NM area apply: median family income $71,200, low-income (80%) limit $58,300 for a family of four.