2026–27 Section 8 Rent Limits for 87939

Monticello, NM • Sierra County • Source: SAFMR

NM

How much will Section 8 pay for rent in 87939?

HUD's FY2027 Small Area Fair Market Rents for 87939 (Monticello, NM), effective October 1, 2026, are $730 for a studio, $800 for 1 bedroom, $1,030 for 2 bedrooms, $1,430 for 3 bedrooms and $1,630 for 4 bedrooms a month. These are gross rents: rent plus any utilities the tenant pays.

Your housing authority turns these into its payment standard — the most the voucher counts toward rent — normally between 90% and 110% of HUD's figure, so about $927–$1,133 for a 2-bedroom here. Moving to Work agencies can set theirs outside that range. You usually pay about 30% of your adjusted income plus any amount the gross rent is above the payment standard, and at move-in your share can't exceed 40% of adjusted monthly income. Confirm the amount with your housing authority.

HUD Small Area FMRs by bedroom (FY2027)

Monthly gross rent figures published by HUD for 87939, effective October 1, 2026. They are the benchmark for payment standards, not a cap on the rent a landlord can charge.

Unit Size HUD figure (monthly)
Studio $730
1 Bedroom $800
2 Bedroom $1,030
3 Bedroom $1,430
4 Bedroom $1,630
Effective date: 2026-10-01. Always confirm with your local PHA.

Voucher amounts nationwide by unit size: Studio · 1 Bedroom · 2 Bedroom · 3 Bedroom · 4 Bedroom

Do you qualify? See the Sierra County income limits for Section 8.

Related ZIP Codes in Monticello

Browse other ZIP codes in the same city (hub-and-spoke linking).

Monticello has one ZIP code. Other ZIP codes in New Mexico.