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Lincoln County/Ruidoso/88345

88345

ZIPSAFMR
Lincoln County, NM
Zillow

ZIP Investment Score

58Below average

095130300
BRFMR
Eff. Rent
0 BR$840$920
1 BR$840$920
2 BR$1,070$1,180
3 BR$1,360$1,500
4 BR$1,680$1,850
5 BR$1,932Not available
6 BR$2,222Not available
7 BR$2,555Not available
8 BR$2,938Not available

Purchase Price Calculator

Maximum purchase price
$113,431

Cost breakdown

+Likely effective rent$1,180
HUD FMR$1,070
Market rent$1,500
Est. payment standard (110%)Used$1,180
-Principal and interest-$574
Loan amount$90,745
Down payment$22,686
Rate6.50%
Term30 years
-Operating costs-$406
Property taxes-$113
Insurance-$175
Utilities$0
HOA$0
Management-$118
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,173(84.5% ROI)
Projected value
$122,153
Return breakdown
Property appreciation+$8,722
Loan principal paid down+$3,251
Rental cash flow+$7,200
5-year hold
+$32,703(144.2% ROI)
Projected value
$128,337
Return breakdown
Property appreciation+$14,906
Loan principal paid down+$5,798
Rental cash flow+$12,000
10-year hold
+$69,585(306.7% ROI)
Projected value
$145,201
Return breakdown
Property appreciation+$31,770
Loan principal paid down+$13,815
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.63
1 BR
0.60
2 BR
0.71
3 BR
0.67
4 BR
0.78
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 88345 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 88345 (Ruidoso, NM) is $1,070 a month. That is up 2.9% from $1,040 in FY 2026. Ruidoso is in the Lincoln 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 $1,063. Among 17 ZIP codes in Lincoln County, 88345 is tied for the 4th-highest two-bedroom rent (county range $1,010–$1,320).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 88345
BedroomsFY 2027Change90–110% range
Studio$840−1.2%$756–$924
1BR$840−1.2%$756–$924
2BR$1,070+2.9%$963–$1,177
3BR$1,3600.0%$1,224–$1,496
4BR$1,6800.0%$1,512–$1,848

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 88345
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$840$840$1,070$1,360$1,680
FY 2026$850$850$1,040$1,360$1,680
FY 2025$690$800$950$1,290$1,580
FY 2024area FMR$627$667$877$1,156$1,488
FY 2023area FMR$582$614$795$1,048$1,354

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

Two-bedroom rent in nearby Lincoln County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 88345
88323$1,060−0.9%
88324$1,060−0.9%
88336$1,060−0.9%
88338$1,060−0.9%
88340$1,010−5.6%
88341$1,050−1.9%
88343$1,060−0.9%
88345Current$1,070—
88346$1,030−3.7%
88348$1,060−0.9%
88351$1,060−0.9%
88355$1,0700.0%

Questions about ZIP 88345 rents

How much will Section 8 pay for a two-bedroom in ZIP 88345?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,063, which applies unless the housing authority uses Small Area FMRs, that basic range is $957 to $1,169 a month; under the ZIP-level Small Area FMR of $1,070 it would be $963 to $1,177. 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 88345 in?

ZIP 88345 is in the Lincoln County, NM non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,063.

How much did fair market rent change in ZIP 88345 for FY 2027?

The two-bedroom FMR rose 2.9%, from $1,040 in FY 2026 to $1,070 in FY 2027. Since FY 2025 it has risen 12.6%.

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