FY2027 Small Area FMR · Dora, NM

ZIP 88115 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 88115 (Dora, NM) is $1,020 a month, up 4.1% from FY2026. That is 1% above the Roosevelt County, NM area-wide FMR of $1,014.

2-bedroom SAFMR$1,020per month ▲ 4.1%

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

Rank in the area5thof 14 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

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

Studio$810▲ 11.0%

1 BR$820▲ 5.1%

2 BR$1,020▲ 4.1%

3 BR$1,410▲ 3.7%

4 BR$1,700▲ 3.7%

FY2027 FY2026

Where 88115 sits in the Roosevelt County, NM area

Of the 14 ZIP codes HUD lists for the area, 88115 has the 5th highest two-bedroom Small Area FMR. Roosevelt 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 $1,020 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	$807	$730
1 bedroom	$820	$738 – $902	$818	$780
2 bedrooms	$1,020	$918 – $1,122	$1,014	$980
3 bedrooms	$1,410	$1,269 – $1,551	$1,404	$1,360
4 bedrooms	$1,700	$1,530 – $1,870	$1,695	$1,640

A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $69,700 and the 80% low-income limit for four people is $58,300. ZIP code 88115 lies mainly in Roosevelt County. See the Roosevelt County, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
88126	Pep	8.4 mi	$1,010
88132	Rogers	10.4 mi	$1,020
88130	Portales	13.9 mi	$1,020
88125	Milnesand	17.0 mi	$1,010
88113	Causey	18.5 mi	$1,050
79371	Sudan	21.8 mi	$1,070

Questions

What is the Fair Market Rent for ZIP code 88115?

HUD's FY2027 Small Area Fair Market Rents for 88115 are $810 (studio), $820 (1 BR), $1,020 (2 BR), $1,410 (3 BR) and $1,700 (4 BR) a month.

What is the Section 8 payment standard in 88115?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 88115 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 88115?

The FY2026 income limits of the Roosevelt County, NM area apply: median family income $69,700, low-income (80%) limit $58,300 for a family of four.