FY2027 Small Area FMR · Ruidoso Downs, NM

ZIP 88346 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 88346 (Ruidoso Downs, NM) is $1,030 a month, up 6.2% from FY2026. That is 3% below the Lincoln County, NM area-wide FMR of $1,063.

2-bedroom SAFMR$1,030per month ▲ 6.2%

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

Rank in the area16thof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$927

2 BR Small Area FMR$1,030

110% of SAFMR$1,133

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

Studio$810▲ 2.5%

1 BR$810▲ 1.2%

2 BR$1,030▲ 6.2%

3 BR$1,310▲ 3.1%

4 BR$1,610▲ 2.5%

FY2027 FY2026

Where 88346 sits in the Lincoln County, NM area

Of the 18 ZIP codes HUD lists for the area, 88346 has the 16th 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 $1,030 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	$834	$790
1 bedroom	$810	$729 – $891	$839	$800
2 bedrooms	$1,030	$927 – $1,133	$1,063	$970
3 bedrooms	$1,310	$1,179 – $1,441	$1,355	$1,270
4 bedrooms	$1,610	$1,449 – $1,771	$1,667	$1,570

A household renting a two-bedroom home at the Small Area FMR of $1,030 needs about $41,200 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 88346 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
88324	Glencoe	6.3 mi	$1,060
88355	Ruidoso	7.4 mi	$1,070
88345	Ruidoso	8.1 mi	$1,070
88323	Fort Stanton	9.8 mi	$1,060
88348	San Patricio	10.9 mi	$1,060
88338	Lincoln	11.6 mi	$1,060

Questions

What is the Fair Market Rent for ZIP code 88346?

HUD's FY2027 Small Area Fair Market Rents for 88346 are $810 (studio), $810 (1 BR), $1,030 (2 BR), $1,310 (3 BR) and $1,610 (4 BR) a month.

What is the Section 8 payment standard in 88346?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 88346 that range is $927 to $1,133 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 88346?

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.