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Santa Fe County/Santa Cruz/87567

87567

ZIPSAFMR
Santa Fe County, NM
Zillow

ZIP Investment Score

36Below average

095130300
BRFMR
Eff. Rent
0 BR$1,140$1,230
1 BR$1,260$1,360
2 BR$1,520$1,500
3 BR$1,910$1,580
4 BR$2,010$1,610
5 BR$2,312Not available
6 BR$2,658Not available
7 BR$3,057Not available
8 BR$3,516Not available

Purchase Price Calculator

Maximum purchase price
$160,983

Cost breakdown

+Likely effective rent$1,500
HUD FMR$1,520
Market rentUsed$1,500
Est. payment standard (99%)$1,510
-Principal and interest-$814
Loan amount$128,786
Down payment$32,197
Rate6.50%
Term30 years
-Operating costs-$486
Property taxes-$161
Insurance-$175
Utilities$0
HOA$0
Management-$150
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,192(75.1% ROI)
Projected value
$173,361
Return breakdown
Property appreciation+$12,378
Loan principal paid down+$4,614
Rental cash flow+$7,200
5-year hold
+$41,383(128.5% ROI)
Projected value
$182,137
Return breakdown
Property appreciation+$21,154
Loan principal paid down+$8,228
Rental cash flow+$12,000
10-year hold
+$88,695(275.5% ROI)
Projected value
$206,072
Return breakdown
Property appreciation+$45,089
Loan principal paid down+$19,606
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.89
1 BR
0.89
2 BR
1.01
3 BR
1.21
4 BR
1.25
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 87567 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 87567 (Santa Cruz, NM) is $1,520 a month. That is up 3.4% from $1,470 in FY 2026. Santa Cruz is in the Santa Fe, NM MSA. 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 metro-wide two-bedroom FMR of $1,735. Among 21 ZIP codes in Santa Fe County, 87567 is tied for the 15th-highest two-bedroom rent (county range $1,520–$2,020). The median county two-bedroom FMR in New Mexico is $1,063, so ZIP 87567 is 43% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 87567
BedroomsFY 2027Change90–110% range
Studio$1,140+1.8%$1,026–$1,254
1BR$1,260+1.6%$1,134–$1,386
2BR$1,520+3.4%$1,368–$1,672
3BR$1,910+2.7%$1,719–$2,101
4BR$2,010+3.1%$1,809–$2,211

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 87567
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,140$1,260$1,520$1,910$2,010
FY 2026$1,120$1,240$1,470$1,860$1,950
FY 2025$1,060$1,190$1,390$1,770$1,840
FY 2024$860$980$1,130$1,440$1,600
FY 2023$760$880$1,010$1,280$1,560

Two-bedroom rent in nearby Santa Fe County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 87567
87506$1,570+3.3%
87507$1,590+4.6%
87508$2,020+32.9%
87522$1,5200.0%
87532$1,5200.0%
87535$1,720+13.2%
87540$1,900+25.0%
87552$1,5200.0%
87567Current$1,520—
87574$1,740+14.5%
87592$1,740+14.5%
87594$1,740+14.5%

Questions about ZIP 87567 rents

How much will Section 8 pay for a two-bedroom in ZIP 87567?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,735, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,562 to $1,909 a month; under the ZIP-level Small Area FMR of $1,520 it would be $1,368 to $1,672. 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 87567 in?

ZIP 87567 is in the Santa Fe, NM MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,735.

How much did fair market rent change in ZIP 87567 for FY 2027?

The two-bedroom FMR rose 3.4%, from $1,470 in FY 2026 to $1,520 in FY 2027. Since FY 2023 it has risen 50.5%.

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 rentSanta Cruz, NM fair market rentNM statewide rentsWhat is SAFMR?Data sources