FY2027 Small Area FMR · Roswell, NM

ZIP 88201 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 88201 (Roswell, NM) is $1,210 a month, up 2.5% from FY2026. That is 11% above the Chaves County, NM area-wide FMR of $1,091.

2-bedroom SAFMR$1,210per month ▲ 2.5%

Area-wide 2 BR FMR$1,091Chaves County, NM

Rank in the area2ndof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,089

2 BR Small Area FMR$1,210

110% of SAFMR$1,331

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

Studio$960▲ 18.5%

1 BR$990▲ 1.0%

2 BR$1,210▲ 2.5%

3 BR$1,640▲ 4.5%

4 BR$1,800▲ 4.7%

FY2027 FY2026

Where 88201 sits in the Chaves County, NM area

Of the 12 ZIP codes HUD lists for the area, 88201 has the 2nd highest two-bedroom Small Area FMR. Chaves 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 $1,091 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,210 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	$960	$864 – $1,056	$868	$810
1 bedroom	$990	$891 – $1,089	$892	$980
2 bedrooms	$1,210	$1,089 – $1,331	$1,091	$1,180
3 bedrooms	$1,640	$1,476 – $1,804	$1,476	$1,570
4 bedrooms	$1,800	$1,620 – $1,980	$1,624	$1,720

A household renting a two-bedroom home at the Small Area FMR of $1,210 needs about $48,400 a year to keep housing costs at 30% of income. The area median family income is $65,600 and the 80% low-income limit for four people is $58,300. ZIP code 88201 lies mainly in Chaves County and Lincoln County. See the Chaves County, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
88203	Roswell	29.0 mi	$1,020
88230	Dexter	29.3 mi	$1,070
88116	Elida	35.2 mi	$1,020
88232	Hagerman	40.0 mi	$1,010
88351	Tinnie	40.3 mi	$1,060
88119	Fort Sumner	46.0 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 88201?

HUD's FY2027 Small Area Fair Market Rents for 88201 are $960 (studio), $990 (1 BR), $1,210 (2 BR), $1,640 (3 BR) and $1,800 (4 BR) a month.

What is the Section 8 payment standard in 88201?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 88201 that range is $1,089 to $1,331 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 88201?

The FY2026 income limits of the Chaves County, NM area apply: median family income $65,600, low-income (80%) limit $58,300 for a family of four.