FY2027 Small Area FMR · Columbus, NM

ZIP 88029 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 88029 (Columbus, NM) is $1,010 a month, up 4.1% from FY2026. That is 0% equal to the Luna County, NM area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 4.1%

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

Rank in the area2ndof 3 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$710▲ 6.0%

1 BR$780■ 0.0%

2 BR$1,010▲ 4.1%

3 BR$1,330▲ 3.9%

4 BR$1,410▼ 7.8%

FY2027 FY2026

Where 88029 sits in the Luna County, NM area

Of the 3 ZIP codes HUD lists for the area, 88029 has the 2nd highest two-bedroom Small Area FMR. Luna 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	$710	$639 – $781	$709	$670
1 bedroom	$780	$702 – $858	$782	$780
2 bedrooms	$1,010	$909 – $1,111	$1,014	$970
3 bedrooms	$1,330	$1,197 – $1,463	$1,325	$1,280
4 bedrooms	$1,410	$1,269 – $1,551	$1,399	$1,530

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 $48,300 and the 80% low-income limit for four people is $58,300. ZIP code 88029 lies mainly in Luna County. See the Luna County, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
88030	Deming	22.8 mi	$1,020
88021	Anthony	40.5 mi	$1,010
88040	Hachita	42.4 mi	$1,010
88004	Las Cruces	49.0 mi	$1,060
88009	Playas	52.6 mi	$1,010
88027	Chamberino	54.8 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 88029?

HUD's FY2027 Small Area Fair Market Rents for 88029 are $710 (studio), $780 (1 BR), $1,010 (2 BR), $1,330 (3 BR) and $1,410 (4 BR) a month.

What is the Section 8 payment standard in 88029?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 88029 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 88029?

The FY2026 income limits of the Luna County, NM area apply: median family income $48,300, low-income (80%) limit $58,300 for a family of four.