FY2027 Small Area FMR · Hachita, NM

ZIP 88040 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 88040 (Hachita, NM) is $1,010 a month, up 4.1% from FY2026. That is 6% below the Grant County, NM area-wide FMR of $1,070.

2-bedroom SAFMR$1,010per month ▲ 4.1%

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$800▲ 11.1%

1 BR$820▲ 2.5%

2 BR$1,010▲ 4.1%

3 BR$1,400▲ 4.5%

4 BR$1,580▲ 0.6%

FY2027 FY2026

Where 88040 sits in the Grant County, NM area

Of the 20 ZIP codes HUD lists for the area, 88040 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.

ZIP code 88040 crosses more than one HUD area. HUD also lists it under Hidalgo County, NM (same figures). The figure that applies depends on which side of the line the home is.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$800	$720 – $880	$820	$720
1 bedroom	$820	$738 – $902	$825	$800
2 bedrooms	$1,010	$909 – $1,111	$1,070	$970
3 bedrooms	$1,400	$1,260 – $1,540	$1,286	$1,340
4 bedrooms	$1,580	$1,422 – $1,738	$1,678	$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 $68,400 and the 80% low-income limit for four people is $59,500. ZIP code 88040 lies mainly in Hidalgo County and 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
88009	Playas	30.4 mi	$1,010
88020	Animas	30.9 mi	$1,010
88056	Rodeo	40.6 mi	$1,010
88029	Columbus	42.4 mi	$1,010
88030	Deming	54.2 mi	$1,020
85632	San Simon	57.1 mi	$1,140

Questions

What is the Fair Market Rent for ZIP code 88040?

HUD's FY2027 Small Area Fair Market Rents for 88040 are $800 (studio), $820 (1 BR), $1,010 (2 BR), $1,400 (3 BR) and $1,580 (4 BR) a month.

What is the Section 8 payment standard in 88040?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 88040 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 88040?

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.