88103
ZIPSAFMR
Curry County, NM
BRFMR
Eff. Rent
0 BR$790$870
1 BR$930$1,020
2 BR$1,140$1,170
3 BR$1,480$1,220
4 BR$1,910$1,260
5 BR$2,197
6 BR$2,526
7 BR$2,905
8 BR$3,341

Purchase Price Calculator

Maximum purchase price
$111,945

Cost breakdown

+Likely effective rent$1,170
HUD FMR$1,140
Market rent$1,180
Est. payment standard (102%)Used$1,170
Estimated payment standard is $1,170 (102% of FMR).
-Principal and interest-$566
Loan amount$89,556
Down payment$22,389
Rate6.50%
Term30 years
-Operating costs-$404
Property taxes-$112
Insurance-$175
Utilities$0
HOA$0
Management-$117
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,016(84.9% ROI)
Projected value
$120,553
Current value$111,945
Return breakdown
Property appreciation+$8,608
Loan principal paid down+$3,209
Rental cash flow+$7,200
5-year hold
+$32,432(144.9% ROI)
Projected value
$126,656
Current value$111,945
Return breakdown
Property appreciation+$14,710
Loan principal paid down+$5,722
Rental cash flow+$12,000
10-year hold
+$68,988(308.1% ROI)
Projected value
$143,299
Current value$111,945
Return breakdown
Property appreciation+$31,354
Loan principal paid down+$13,634
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.72ratio
FMR$790
Market$1,090
vs market-$300

FMR is below market; voucher rent may lag private rents.

90% standard$711 / 0.65 ratio110% standard$869 / 0.80 ratio
0.72
1 BR
1 BR
0.83ratio
FMR$930
Market$1,120
vs market-$190

FMR is below market; voucher rent may lag private rents.

90% standard$837 / 0.75 ratio110% standard$1,023 / 0.91 ratio
0.83
2 BR
2 BR
0.97ratio
FMR$1,140
Market$1,180
vs market-$40

FMR is near market; voucher and private rents are aligned.

90% standard$1,026 / 0.87 ratio110% standard$1,254 / 1.06 ratio
0.97
3 BR
3 BR
1.21ratio
FMR$1,480
Market$1,220
vs market+$260

FMR is above market; underwrite to market rent.

90% standard$1,332 / 1.09 ratio110% standard$1,628 / 1.33 ratio
1.21
4 BR
4 BR
1.52ratio
FMR$1,910
Market$1,260
vs market+$650

FMR is above market; underwrite to market rent.

90% standard$1,719 / 1.36 ratio110% standard$2,101 / 1.67 ratio
1.52
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 88103 (NM) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

88103 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 88103 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,140 and the 4 bedroom fair market rent is $1,910.

Use this page for searches like 88103 FMR, 88103 fair market rent, and 88103 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 88103
Bedroom sizeHUD FMR
Studio$790
1 bedroom$930
2 bedroom$1,140
3 bedroom$1,480
4 bedroom$1,910