FY2027 Small Area FMR · Mayhill, NM

ZIP 88339 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 88339 (Mayhill, NM) is $1,010 a month, up 4.1% from FY2026. That is 7% below the Chaves County, NM area-wide FMR of $1,091.

2-bedroom SAFMR$1,010per month ▲ 4.1%

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

Rank in the area11thof 12 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$710▲ 6.0%

1 BR$880▲ 11.4%

2 BR$1,010▲ 4.1%

3 BR$1,410▲ 4.4%

4 BR$1,700▲ 3.7%

FY2027 FY2026

Where 88339 sits in the Chaves County, NM area

Of the 12 ZIP codes HUD lists for the area, 88339 has the 11th 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 $1,010 for this ZIP code instead.

ZIP code 88339 crosses more than one HUD area. HUD also lists it under Otero 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	$710	$639 – $781	$868	$670
1 bedroom	$880	$792 – $968	$892	$790
2 bedrooms	$1,010	$909 – $1,111	$1,091	$970
3 bedrooms	$1,410	$1,269 – $1,551	$1,476	$1,350
4 bedrooms	$1,700	$1,530 – $1,870	$1,624	$1,640

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 $65,600 and the 80% low-income limit for four people is $58,300. ZIP code 88339 lies mainly in Chaves County and Otero 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
88343	Picacho	20.3 mi	$1,060
88354	Weed	21.3 mi	$1,010
88317	Cloudcroft	23.7 mi	$1,010
88250	Hope	24.0 mi	$1,180
88340	Mescalero	25.2 mi	$1,010
88336	Hondo	25.6 mi	$1,060

Questions

What is the Fair Market Rent for ZIP code 88339?

HUD's FY2027 Small Area Fair Market Rents for 88339 are $710 (studio), $880 (1 BR), $1,010 (2 BR), $1,410 (3 BR) and $1,700 (4 BR) a month.

What is the Section 8 payment standard in 88339?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 88339 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 88339?

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.