FY2027 Small Area FMR · Santa Clara, NM

ZIP 88026 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 88026 (Santa Clara, NM) is $1,010 a month, down 2.9% from FY2026. That is 6% below the Grant County, NM area-wide FMR of $1,070.

2-bedroom SAFMR$1,010per month ▼ 2.9%

Area-wide 2 BR FMR$1,070Grant County, NM

Rank in the area16thof 20 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$780▼ 1.3%

1 BR$780▼ 1.3%

2 BR$1,010▼ 2.9%

3 BR$1,220▼ 5.4%

4 BR$1,600▲ 15.9%

FY2027 FY2026

Where 88026 sits in the Grant County, NM area

Of the 20 ZIP codes HUD lists for the area, 88026 has the 16th highest two-bedroom Small Area FMR. Grant 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 $1,070 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	$780	$702 – $858	$820	$790
1 bedroom	$780	$702 – $858	$825	$790
2 bedrooms	$1,010	$909 – $1,111	$1,070	$1,040
3 bedrooms	$1,220	$1,098 – $1,342	$1,286	$1,290
4 bedrooms	$1,600	$1,440 – $1,760	$1,678	$1,380

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 $68,400 and the 80% low-income limit for four people is $59,500. ZIP code 88026 lies mainly in Grant County. See the Grant County, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
88023	Bayard	1.9 mi	$1,010
88022	Arenas Valley	3.9 mi	$1,090
88043	Hurley	10.4 mi	$1,060
88053	Pinos Altos	10.7 mi	$1,010
88065	Tyrone	10.9 mi	$1,110
88061	Silver City	12.0 mi	$1,110

Questions

What is the Fair Market Rent for ZIP code 88026?

HUD's FY2027 Small Area Fair Market Rents for 88026 are $780 (studio), $780 (1 BR), $1,010 (2 BR), $1,220 (3 BR) and $1,600 (4 BR) a month.

What is the Section 8 payment standard in 88026?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 88026 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 88026?

The FY2026 income limits of the Grant County, NM area apply: median family income $68,400, low-income (80%) limit $59,500 for a family of four.