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Taos County/El Prado/87529

87529

ZIPSAFMR
Taos County, NM
Zillow

ZIP Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$1,140$1,140
1 BR$1,390$1,390
2 BR$1,630$1,630
3 BR$2,050$2,050
4 BR$2,520$2,520
5 BR$2,898Not available
6 BR$3,333Not available
7 BR$3,833Not available
8 BR$4,407Not available

Purchase Price Calculator

Maximum purchase price
$180,301

Cost breakdown

+Likely effective rent$1,630
HUD FMRUsed$1,630
Market rentN/A
Est. payment standardN/A
-Principal and interest-$912
Loan amount$144,241
Down payment$36,060
Rate6.50%
Term30 years
-Operating costs-$518
Property taxes-$180
Insurance-$175
Utilities$0
HOA$0
Management-$163
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,231(72.7% ROI)
Projected value
$194,164
Return breakdown
Property appreciation+$13,863
Loan principal paid down+$5,168
Rental cash flow+$7,200
5-year hold
+$44,909(124.5% ROI)
Projected value
$203,994
Return breakdown
Property appreciation+$23,693
Loan principal paid down+$9,216
Rental cash flow+$12,000
10-year hold
+$96,458(267.5% ROI)
Projected value
$230,800
Return breakdown
Property appreciation+$50,499
Loan principal paid down+$21,959
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 87529 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 87529 (El Prado, NM) is $1,630 a month. That is down 2.4% from $1,670 in FY 2026. El Prado is in the Taos County, NM non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,292. Among 21 ZIP codes in Taos County, 87529 has the highest two-bedroom rent (county range $1,160–$1,630). The median county two-bedroom FMR in New Mexico is $1,063, so ZIP 87529 is 53% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 87529
BedroomsFY 2027Change90–110% range
Studio$1,140−4.2%$1,026–$1,254
1BR$1,390−0.7%$1,251–$1,529
2BR$1,630−2.4%$1,467–$1,793
3BR$2,050−1.4%$1,845–$2,255
4BR$2,520−10.0%$2,268–$2,772

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 87529
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,140$1,390$1,630$2,050$2,520
FY 2026$1,190$1,400$1,670$2,080$2,800
FY 2025$1,000$1,160$1,330$1,700$2,230
FY 2024area FMR$845$921$1,050$1,375$1,782
FY 2023area FMR$769$809$937$1,182$1,596

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Taos County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 87529
87512$1,160−28.8%
87513$1,290−20.9%
87514$1,290−20.9%
87517$1,290−20.9%
87519$1,160−28.8%
87521$1,160−28.8%
87524$1,290−20.9%
87525$1,170−28.2%
87529Current$1,630—
87543$1,230−24.5%
87549$1,160−28.8%
87553$1,230−24.5%

Questions about ZIP 87529 rents

How much will Section 8 pay for a two-bedroom in ZIP 87529?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,292, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,163 to $1,421 a month; under the ZIP-level Small Area FMR of $1,630 it would be $1,467 to $1,793. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 87529 in?

ZIP 87529 is in the Taos County, NM non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,292.

How much did fair market rent change in ZIP 87529 for FY 2027?

The two-bedroom FMR fell 2.4%, from $1,670 in FY 2026 to $1,630 in FY 2027. Since FY 2025 it has risen 22.6%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentEl Prado, NM fair market rentNM statewide rentsWhat is SAFMR?Data sources