FY2027 Small Area FMR · Clayton, NM

ZIP 88415 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 88415 (Clayton, NM) is $1,010 a month, up 4.1% from FY2026. That is 5% below the Harding County, NM area-wide FMR of $1,059.

2-bedroom SAFMR$1,010per month ▲ 4.1%

Area-wide 2 BR FMR$1,059Harding County, NM

Rank in the area7thof 8 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$770▲ 6.9%

1 BR$780▲ 1.3%

2 BR$1,010▲ 4.1%

3 BR$1,400▲ 5.3%

4 BR$1,600▲ 1.9%

FY2027 FY2026

Where 88415 sits in the Harding County, NM area

Of the 8 ZIP codes HUD lists for the area, 88415 has the 7th highest two-bedroom Small Area FMR. Harding 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 $1,059 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,010 for this ZIP code instead.

ZIP code 88415 crosses more than one HUD area. HUD also lists it under Union 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	$770	$693 – $847	$842	$720
1 bedroom	$780	$702 – $858	$870	$770
2 bedrooms	$1,010	$909 – $1,111	$1,059	$970
3 bedrooms	$1,400	$1,260 – $1,540	$1,449	$1,330
4 bedrooms	$1,600	$1,440 – $1,760	$1,660	$1,570

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 $95,500 and the 80% low-income limit for four people is $68,150. ZIP code 88415 lies mainly in Union County and Harding County. See the Harding County, NM county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
88436	Sedan	16.5 mi	$1,050
88424	Grenville	19.6 mi	$1,010
79087	Texline	23.0 mi	$1,060
88410	Amistad	29.9 mi	$1,160
73937	Felt	33.9 mi	$1,020
88418	Des Moines	35.2 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 88415?

HUD's FY2027 Small Area Fair Market Rents for 88415 are $770 (studio), $780 (1 BR), $1,010 (2 BR), $1,400 (3 BR) and $1,600 (4 BR) a month.

What is the Section 8 payment standard in 88415?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 88415 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 88415?

The FY2026 income limits of the Harding County, NM area apply: median family income $95,500, low-income (80%) limit $68,150 for a family of four.