88430

ZIPSAFMR

Quay County, NM

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,050	$1,050	14.5%
1 BR	$1,060	$1,060	8.9%
2 BR	$1,370	$1,370	10.7%
3 BR	$1,770	$1,770	13.2%
4 BR	$2,100	$2,100	9.3%
5 BR	$2,415	Not available	9.3%
6 BR	$2,777	Not available	9.3%
7 BR	$3,194	Not available	9.3%
8 BR	$3,673	Not available	9.3%

Purchase Price Calculator

Maximum purchase price

$141,665

Cost breakdown

+Likely effective rent$1,370

HUD FMRUsed$1,370

Market rentN/A

Est. payment standardN/A

-Principal and interest-$716

Loan amount$113,332

Down payment$28,333

Rate6.50%

Term30 years

-Operating costs-$454

Property taxes-$142

Insurance-$175

Utilities$0

HOA$0

Management-$137

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$22,153(78.2% ROI)

Projected value

$152,558

Return breakdown

Property appreciation+$10,893

Loan principal paid down+$4,060

Rental cash flow+$7,200

5-year hold

+$37,857(133.6% ROI)

Projected value

$160,281

Return breakdown

Property appreciation+$18,616

Loan principal paid down+$7,241

Rental cash flow+$12,000

10-year hold

+$80,932(285.6% ROI)

Projected value

$181,343

Return breakdown

Property appreciation+$39,678

Loan principal paid down+$17,254

Rental cash flow+$24,000

Public Housing Authority

Rolodex

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: --
Tax rate: --
Mortgage rate: --

ZIP 88430 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 88430 (Nara Visa, NM) is $1,370 a month. That is up 6.2% from $1,290 in FY 2026. Nara Visa 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, 88430 has the 2nd-highest two-bedroom rent (county range $1,010–$1,390). The median county two-bedroom FMR in New Mexico is $1,063, so ZIP 88430 is 29% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 88430
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$970	$1,050	+8.2%	$945–$1,155
1BR	$1,020	$1,060	+3.9%	$954–$1,166
2BR	$1,290	$1,370	+6.2%	$1,233–$1,507
3BR	$1,660	$1,770	+6.6%	$1,593–$1,947
4BR	$2,030	$2,100	+3.4%	$1,890–$2,310

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 88430
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,050	$1,060	$1,370	$1,770	$2,100
FY 2026	$970	$1,020	$1,290	$1,660	$2,030
FY 2025	$950	$1,010	$1,300	$1,640	$2,090
FY 2024	$700	$820	$1,010	$1,220	$1,610
FY 2023	$680	$780	$980	$1,190	$1,550

Two-bedroom rent in nearby Quay County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 88430
88112	$1,060	−22.6%
88120	$1,010	−26.3%
88121	$1,020	−25.5%
88124	$1,010	−26.3%
88401	$1,010	−26.3%
88411	$1,020	−25.5%
88426	$1,390	+1.5%
88427	$1,010	−26.3%
88430Current	$1,370	—
88433	$1,020	−25.5%
88434	$1,060	−22.6%

Questions about ZIP 88430 rents

How much will Section 8 pay for a two-bedroom in ZIP 88430?

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 $1,370 it would be $1,233 to $1,507. 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 88430 in?

ZIP 88430 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 88430 for FY 2027?

The two-bedroom FMR rose 6.2%, from $1,290 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 39.8%.

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 rent Nara Visa, NM fair market rent NM statewide rents What is SAFMR?Data sources