FY2027 Small Area FMR · Glenwood, NM

ZIP 88039 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 88039 (Glenwood, NM) is $1,010 a month, down 2.9% from FY2026. That is 5% below the Catron County, NM area-wide FMR of $1,059.

2-bedroom SAFMR$1,010per month ▼ 2.9%

Area-wide 2 BR FMR$1,059Catron County, NM

Rank in the area7thof 8 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▲ 5.2%

1 BR$830▼ 2.4%

2 BR$1,010▼ 2.9%

3 BR$1,400▼ 1.4%

4 BR$1,600▼ 4.8%

FY2027 FY2026

Where 88039 sits in the Catron County, NM area

Of the 8 ZIP codes HUD lists for the area, 88039 has the 7th highest two-bedroom Small Area FMR. Catron 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 $1,059 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	$842	$770
1 bedroom	$830	$747 – $913	$870	$850
2 bedrooms	$1,010	$909 – $1,111	$1,059	$1,040
3 bedrooms	$1,400	$1,260 – $1,540	$1,449	$1,420
4 bedrooms	$1,600	$1,440 – $1,760	$1,660	$1,680

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 $70,200 and the 80% low-income limit for four people is $58,300. ZIP code 88039 lies mainly in Catron County. See the Catron County, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
88038	Gila	17.1 mi	$1,060
88025	Buckhorn	19.6 mi	$1,070
88028	Cliff	25.1 mi	$1,070
88051	Mule Creek	28.4 mi	$1,070
87830	Reserve	31.5 mi	$1,060
88053	Pinos Altos	34.4 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 88039?

HUD's FY2027 Small Area Fair Market Rents for 88039 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 88039?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 88039 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 88039?

The FY2026 income limits of the Catron County, NM area apply: median family income $70,200, low-income (80%) limit $58,300 for a family of four.