Metro FMR area · NM · HUD FY 2027

Farmington, NM Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Farmington, NM area is $1,116 a month, 13% below the New Mexico average and 37% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 22 ZIP codes range from $1,010 to $1,470.

$1,1162-bedroom FMR+$31 (+2.9%) vs FY 2026
$8551-bedroom FMRU.S.: $1,478
$44,640Income for a 2-bedroomat 30% of income
120,942Residents1 county

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,116/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Farmington, NM FMR	$1,116	$44,640	–
New Mexico average	$1,282	$51,277	–
U.S. average	$1,761	$70,432	–

Farmington, NM Fair Market Rents, FY 2027 vs FY 2026
Unit	Farmington, NM FY 2027	FY 2026	Change	New Mexico avg	U.S. avg	Income needed
Studio	$850	$882	−$32 (−3.6%)	$935	$1,379	$34,000
1 bedroom	$855	$885	−$30 (−3.4%)	$1,051	$1,478	$34,200
2 bedrooms	$1,116	$1,085	+$31 (+2.9%)	$1,282	$1,761	$44,640
3 bedrooms	$1,545	$1,509	+$36 (+2.4%)	$1,716	$2,266	$61,800
4 bedrooms	$1,673	$1,630	+$43 (+2.6%)	$1,982	$2,607	$66,920

Counties in this FMR area

Counties in the Farmington, NM FMR area
County	Residents in area
San Juan County, NM	120,942

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,110.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Farmington, NM
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
81137	$1,070	$1,090	$1,440	$1,750	$2,070	no change	29% above
86514	$870	$950	$1,240	$1,710	$2,050	−$130 (−9.5%)	11% above
87037	$840	$850	$1,080	$1,490	$1,640	−$20 (−1.8%)	3% below
87313	$800	$810	$1,010	$1,360	$1,470	+$40 (+4.1%)	9% below
87325	$800	$860	$1,090	$1,360	$1,490	+$40 (+3.8%)	2% below
87328	$800	$820	$1,060	$1,440	$1,650	+$10 (+1.0%)	5% below
87364	$800	$800	$1,010	$1,410	$1,530	+$40 (+4.1%)	9% below
87401	$910	$910	$1,190	$1,650	$1,780	+$40 (+3.5%)	7% above
87402	$930	$930	$1,220	$1,690	$1,830	+$20 (+1.7%)	9% above
87410	$800	$800	$1,010	$1,410	$1,530	−$20 (−1.9%)	9% below
87412	$820	$830	$1,090	$1,510	$1,630	+$70 (+6.9%)	2% below
87413	$840	$850	$1,110	$1,540	$1,660	+$90 (+8.8%)	1% below
87415	$1,190	$1,200	$1,470	$2,050	$2,210	−$160 (−9.8%)	32% above
87416	$940	$940	$1,230	$1,700	$1,840	no change	10% above
87417	$800	$800	$1,010	$1,410	$1,530	+$40 (+4.1%)	9% below
87418	$930	$950	$1,240	$1,630	$1,760	+$90 (+7.8%)	11% above
87419	$980	$1,010	$1,310	$1,660	$1,820	+$130 (+11.0%)	17% above
87420	$800	$800	$1,010	$1,410	$1,530	+$40 (+4.1%)	9% below
87421	$900	$900	$1,180	$1,630	$1,760	+$10 (+0.9%)	6% above
87455	$800	$800	$1,010	$1,410	$1,530	+$40 (+4.1%)	9% below
87461	$800	$800	$1,010	$1,410	$1,530	+$40 (+4.1%)	9% below
87499	$880	$890	$1,160	$1,610	$1,740	+$110 (+10.5%)	4% above

Sources

U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).

Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.