FY2027 Small Area FMR · Nara Visa, NM
ZIP 88430 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 88430 (Nara Visa, NM) is $1,370 a month, up 6.2% from FY2026. That is 29% above the Oldham County, TX area-wide FMR of $1,065.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 88430 sits in the Oldham County, TX area
Of the 6 ZIP codes HUD lists for the area, 88430 has the 1st highest two-bedroom Small Area FMR. Oldham County, TX 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 $1,065 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,370 for this ZIP code instead.
ZIP code 88430 crosses more than one HUD area. HUD also lists it under Harding County, NM (same figures), Quay County, NM (same figures) and Union County, NM (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,050 | $945 – $1,155 | $767 | $970 |
| 1 bedroom | $1,060 | $954 – $1,166 | $870 | $1,020 |
| 2 bedrooms | $1,370 | $1,233 – $1,507 | $1,065 | $1,290 |
| 3 bedrooms | $1,770 | $1,593 – $1,947 | $1,475 | $1,660 |
| 4 bedrooms | $2,100 | $1,890 – $2,310 | $1,614 | $2,030 |
A household renting a two-bedroom home at the Small Area FMR of $1,370 needs about $54,800 a year to keep housing costs at 30% of income. The area median family income is $87,300 and the 80% low-income limit for four people is $69,850. ZIP code 88430 lies mainly in Quay County, Union County and Oldham County. See the Oldham County, TX county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 88430?
HUD's FY2027 Small Area Fair Market Rents for 88430 are $1,050 (studio), $1,060 (1 BR), $1,370 (2 BR), $1,770 (3 BR) and $2,100 (4 BR) a month.
What is the Section 8 payment standard in 88430?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 88430 that range is $1,233 to $1,507 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 88430?
The FY2026 income limits of the Oldham County, TX area apply: median family income $87,300, low-income (80%) limit $69,850 for a family of four.