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Quay County/Logan/88426

88426

ZIPSAFMR
Quay County, NM
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$1,060$1,060
1 BR$1,070$1,070
2 BR$1,390$1,390
3 BR$1,820$1,820
4 BR$2,180$2,180
5 BR$2,507Not available
6 BR$2,883Not available
7 BR$3,316Not available
8 BR$3,813Not available

Purchase Price Calculator

Maximum purchase price
$144,637

Cost breakdown

+Likely effective rent$1,390
HUD FMRUsed$1,390
Market rentN/A
Est. payment standardN/A
-Principal and interest-$731
Loan amount$115,710
Down payment$28,927
Rate6.50%
Term30 years
-Operating costs-$459
Property taxes-$145
Insurance-$175
Utilities$0
HOA$0
Management-$139
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,467(77.7% ROI)
Projected value
$155,758
Return breakdown
Property appreciation+$11,121
Loan principal paid down+$4,146
Rental cash flow+$7,200
5-year hold
+$38,399(132.7% ROI)
Projected value
$163,643
Return breakdown
Property appreciation+$19,006
Loan principal paid down+$7,393
Rental cash flow+$12,000
10-year hold
+$82,126(283.9% ROI)
Projected value
$185,148
Return breakdown
Property appreciation+$40,511
Loan principal paid down+$17,615
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 88426 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 88426 (Logan, NM) is $1,390 a month. That is up 3.7% from $1,340 in FY 2026. Logan is in the Quay 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 $1,019. Among 11 ZIP codes in Quay County, 88426 has the highest two-bedroom rent (county range $1,010–$1,390). The median county two-bedroom FMR in New Mexico is $1,063, so ZIP 88426 is 31% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 88426
BedroomsFY 2027Change90–110% range
Studio$1,060+6.0%$954–$1,166
1BR$1,070+3.9%$963–$1,177
2BR$1,390+3.7%$1,251–$1,529
3BR$1,820+7.1%$1,638–$2,002
4BR$2,180+0.9%$1,962–$2,398

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 88426
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,060$1,070$1,390$1,820$2,180
FY 2026$1,000$1,030$1,340$1,700$2,160
FY 2025$1,000$1,050$1,380$1,720$2,290
FY 2024area FMR$627$781$877$1,092$1,488
FY 2023area FMR$582$704$795$1,029$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 Quay County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 88426
88112$1,060−23.7%
88120$1,010−27.3%
88121$1,020−26.6%
88124$1,010−27.3%
88401$1,010−27.3%
88411$1,020−26.6%
88426Current$1,390—
88427$1,010−27.3%
88430$1,370−1.4%
88433$1,020−26.6%
88434$1,060−23.7%

Questions about ZIP 88426 rents

How much will Section 8 pay for a two-bedroom in ZIP 88426?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,019, which applies unless the housing authority uses Small Area FMRs, that basic range is $917 to $1,121 a month; under the ZIP-level Small Area FMR of $1,390 it would be $1,251 to $1,529. 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 88426 in?

ZIP 88426 is in the Quay County, NM non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,019.

How much did fair market rent change in ZIP 88426 for FY 2027?

The two-bedroom FMR rose 3.7%, from $1,340 in FY 2026 to $1,390 in FY 2027. Since FY 2025 it has risen 0.7%.

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