FY2027 Small Area FMR · Ruidoso, NM

ZIP 88345 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 88345 (Ruidoso, NM) is $1,070 a month, up 2.9% from FY2026. That is 1% above the Lincoln County, NM area-wide FMR of $1,063.

2-bedroom SAFMR$1,070per month ▲ 2.9%

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

Rank in the area4thof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$963

2 BR Small Area FMR$1,070

110% of SAFMR$1,177

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

Studio$840▼ 1.2%

1 BR$840▼ 1.2%

2 BR$1,070▲ 2.9%

3 BR$1,360■ 0.0%

4 BR$1,680■ 0.0%

FY2027 FY2026

Where 88345 sits in the Lincoln County, NM area

Of the 18 ZIP codes HUD lists for the area, 88345 has the 4th 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 $1,070 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	$840	$756 – $924	$834	$850
1 bedroom	$840	$756 – $924	$839	$850
2 bedrooms	$1,070	$963 – $1,177	$1,063	$1,040
3 bedrooms	$1,360	$1,224 – $1,496	$1,355	$1,360
4 bedrooms	$1,680	$1,512 – $1,848	$1,667	$1,680

A household renting a two-bedroom home at the Small Area FMR of $1,070 needs about $42,800 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 88345 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	1.2 mi	$1,070
88312	Alto	6.1 mi	$1,060
88346	Ruidoso Downs	8.1 mi	$1,030
88341	Nogal	12.9 mi	$1,050
88340	Mescalero	13.1 mi	$1,010
88323	Fort Stanton	13.5 mi	$1,060

Questions

What is the Fair Market Rent for ZIP code 88345?

HUD's FY2027 Small Area Fair Market Rents for 88345 are $840 (studio), $840 (1 BR), $1,070 (2 BR), $1,360 (3 BR) and $1,680 (4 BR) a month.

What is the Section 8 payment standard in 88345?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 88345 that range is $963 to $1,177 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 88345?

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.