The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Cochiti Lake, NM 87083's Section 8 Fair Market Rent

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in the 87083 zip code area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $1,026 to a high of $1,254, with an average of $1,140.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,242, a maximum of $1,518, and an average of $1,380.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,512, peaking at a maximum of $1,848, and averaging at $1,680.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,133, a maximum of $2,607, and an average of $2,370.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,556 to a maximum of $3,124, with an average of $2,840.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year City, State, Zipcode HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Cochiti Lake, NM 87083 Low Rent (90%) $1,026 $1,242 $1,512 $2,133 $2,556
Average Rent $1,140 $1,380 $1,680 $2,370 $2,840
High Rent(110%) $1,254 $1,518 $1,848 $2,607 $3,124
2023 Cochiti Lake, NM 87083 Low Rent (90%) $954 $1,170 $1,422 $2,025 $2,421
Average Rent $1,060 $1,300 $1,580 $2,250 $2,690
High Rent (110%) $1,166 $1,430 $1,738 $2,475 $2,959
2022 Cochiti Lake, NM 87083 Low Rent (90%) $810 $999 $1,215 $1,728 $2,079
Average Rent $900 $1,110 $1,350 $1,920 $2,310
High Rent(110%) $990 $1,221 $1,485 $2,112 $2,541
2021 Cochiti Lake, NM 87083 Low Rent (90%) $711 $882 $1,080 $1,548 $1,854
Average Rent $790 $980 $1,200 $1,720 $2,060
High Rent (110%) $869 $1,078 $1,320 $1,892 $2,266
2020 Cochiti Lake, NM 87083 Low Rent (90%) $648 $801 $990 $1,431 $1,701
Average Rent $720 $890 $1,100 $1,590 $1,890
High Rent(110%) $792 $979 $1,210 $1,749 $2,079
2019 Cochiti Lake, NM 87083 Low Rent (90%) $621 $792 $972 $1,404 $1,674
Average Rent $690 $880 $1,080 $1,560 $1,860
High Rent (110%) $759 $968 $1,188 $1,716 $2,046


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