FY2027 Small Area FMR · Mesilla Park, NM

ZIP 88047 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 88047 (Mesilla Park, NM) is $1,080 a month, up 0.9% from FY2026. That is 1% above the Las Cruces, NM area-wide FMR of $1,073.

2-bedroom SAFMR$1,080per month ▲ 0.9%

Area-wide 2 BR FMR$1,073Las Cruces, NM

Rank in the area8thof 29 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$972

2 BR Small Area FMR$1,080

110% of SAFMR$1,188

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$800▲ 3.9%

1 BR$980■ 0.0%

2 BR$1,080▲ 0.9%

3 BR$1,470▼ 1.3%

4 BR$1,700▲ 4.9%

FY2027 FY2026

Where 88047 sits in the Las Cruces, NM area

Of the 29 ZIP codes HUD lists for the area, 88047 has the 8th highest two-bedroom Small Area FMR. Las Cruces, 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 $1,073 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,080 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	$800	$720 – $880	$790	$770
1 bedroom	$980	$882 – $1,078	$975	$980
2 bedrooms	$1,080	$972 – $1,188	$1,073	$1,070
3 bedrooms	$1,470	$1,323 – $1,617	$1,461	$1,490
4 bedrooms	$1,700	$1,530 – $1,870	$1,692	$1,620

A household renting a two-bedroom home at the Small Area FMR of $1,080 needs about $43,200 a year to keep housing costs at 30% of income. The area median family income is $79,900 and the 80% low-income limit for four people is $62,150. ZIP code 88047 lies mainly in Dona Ana County. See the Las Cruces, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
88048	Mesquite	4.5 mi	$1,010
88003	Las Cruces	5.2 mi	$1,070
88046	Mesilla	5.8 mi	$1,060
88001	Las Cruces	6.0 mi	$1,070
88044	La Mesa	6.8 mi	$1,050
88005	Las Cruces	7.2 mi	$1,060

Questions

What is the Fair Market Rent for ZIP code 88047?

HUD's FY2027 Small Area Fair Market Rents for 88047 are $800 (studio), $980 (1 BR), $1,080 (2 BR), $1,470 (3 BR) and $1,700 (4 BR) a month.

What is the Section 8 payment standard in 88047?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 88047 that range is $972 to $1,188 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 88047?

The FY2026 income limits of the Las Cruces, NM area apply: median family income $79,900, low-income (80%) limit $62,150 for a family of four.