FY2027 Small Area FMR · Alto, NM

ZIP 88312 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 88312 (Alto, NM) is $1,060 a month, up 6.0% from FY2026. That is 0% equal to the Lincoln County, NM area-wide FMR of $1,063.

2-bedroom SAFMR$1,060per month ▲ 6.0%

Area-wide 2 BR FMR$1,063Lincoln County, NM

Rank in the area6thof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$954

2 BR Small Area FMR$1,060

110% of SAFMR$1,166

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

Studio$830▲ 1.2%

1 BR$840▲ 2.4%

2 BR$1,060▲ 6.0%

3 BR$1,350▲ 3.1%

4 BR$1,660▲ 3.1%

FY2027 FY2026

Where 88312 sits in the Lincoln County, NM area

Of the 18 ZIP codes HUD lists for the area, 88312 has the 6th highest two-bedroom Small Area FMR. Lincoln 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 $1,063 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,060 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	$830	$747 – $913	$834	$820
1 bedroom	$840	$756 – $924	$839	$820
2 bedrooms	$1,060	$954 – $1,166	$1,063	$1,000
3 bedrooms	$1,350	$1,215 – $1,485	$1,355	$1,310
4 bedrooms	$1,660	$1,494 – $1,826	$1,667	$1,610

A household renting a two-bedroom home at the Small Area FMR of $1,060 needs about $42,400 a year to keep housing costs at 30% of income. The area median family income is $73,800 and the 80% low-income limit for four people is $59,050. ZIP code 88312 lies mainly in Lincoln County. See the Lincoln County, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
88355	Ruidoso	5.9 mi	$1,070
88345	Ruidoso	6.1 mi	$1,070
88341	Nogal	7.1 mi	$1,050
88346	Ruidoso Downs	12.3 mi	$1,030
88323	Fort Stanton	13.1 mi	$1,060
88324	Glencoe	17.4 mi	$1,060

Questions

What is the Fair Market Rent for ZIP code 88312?

HUD's FY2027 Small Area Fair Market Rents for 88312 are $830 (studio), $840 (1 BR), $1,060 (2 BR), $1,350 (3 BR) and $1,660 (4 BR) a month.

What is the Section 8 payment standard in 88312?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 88312 that range is $954 to $1,166 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 88312?

The FY2026 income limits of the Lincoln County, NM area apply: median family income $73,800, low-income (80%) limit $59,050 for a family of four.