State hub · 33 counties · 4 metro areas
New Mexico Fair Market Rents by county
The population-weighted average FY 2027 Fair Market Rent for a 2-bedroom in New Mexico is $1,282, the 35th highest of 51 (50 states and D.C.), and −$12 (−0.9%) from FY 2026. Across 33 counties, 2-bedroom FMRs range from $1,014 (Union County) to $1,874 (Los Alamos County).
- $1,282Average 2-bedroom FMRU.S.: $1,761
- $1,051Average 1-bedroom FMRU.S.: $1,478
- $51,277Income for a 2-bedroomat 30% of income
- −$12 (−0.9%)2BR change vs FY 2026U.S.: +$24 (+1.4%)
Metro FMR areas in New Mexico
| Metro area | 1BR | 2BR | 3BR | ZIP codes |
|---|---|---|---|---|
| Albuquerque, NM | $1,112 | $1,384 | $1,902 | 87 |
| Farmington, NM | $855 | $1,116 | $1,545 | 22 |
| Las Cruces, NM | $975 | $1,073 | $1,461 | 29 |
| Santa Fe, NM | $1,413 | $1,735 | $2,134 | 22 |
Every New Mexico county
| Name | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 |
|---|---|---|---|---|---|---|
| Bernalillo County | $977 | $1,112 | $1,384 | $1,902 | $2,242 | −$80 (−5.5%) |
| Catron County | $842 | $870 | $1,059 | $1,449 | $1,660 | +$19 (+1.8%) |
| Chaves County | $868 | $892 | $1,091 | $1,476 | $1,624 | +$20 (+1.9%) |
| Cibola County | $813 | $852 | $1,022 | $1,218 | $1,343 | +$29 (+2.9%) |
| Colfax County | $807 | $931 | $1,014 | $1,376 | $1,590 | +$41 (+4.2%) |
| Curry County | $802 | $891 | $1,151 | $1,522 | $1,889 | +$53 (+4.8%) |
| De Baca County | $807 | $833 | $1,014 | $1,388 | $1,590 | +$41 (+4.2%) |
| Dona Ana County | $790 | $975 | $1,073 | $1,461 | $1,692 | +$31 (+3.0%) |
| Eddy County | $1,053 | $1,150 | $1,252 | $1,734 | $1,855 | +$64 (+5.4%) |
| Grant County | $820 | $825 | $1,070 | $1,286 | $1,678 | +$22 (+2.1%) |
| Guadalupe County | $770 | $775 | $1,014 | $1,325 | $1,590 | +$41 (+4.2%) |
| Harding County | $842 | $870 | $1,059 | $1,449 | $1,660 | +$19 (+1.8%) |
| Hidalgo County | $807 | $833 | $1,014 | $1,404 | $1,590 | +$41 (+4.2%) |
| Lea County | $1,111 | $1,117 | $1,327 | $1,670 | $1,823 | +$3 (+0.2%) |
| Lincoln County | $834 | $839 | $1,063 | $1,355 | $1,667 | +$64 (+6.4%) |
| Los Alamos County | $1,305 | $1,433 | $1,874 | $2,233 | $3,132 | +$134 (+7.7%) |
| Luna County | $709 | $782 | $1,014 | $1,325 | $1,399 | +$41 (+4.2%) |
| McKinley County | $794 | $911 | $1,140 | $1,358 | $1,498 | +$50 (+4.6%) |
| Mora County | $807 | $833 | $1,014 | $1,388 | $1,590 | +$41 (+4.2%) |
| Otero County | $706 | $877 | $1,014 | $1,404 | $1,695 | +$41 (+4.2%) |
| Quay County | $774 | $779 | $1,019 | $1,323 | $1,598 | +$46 (+4.7%) |
| Rio Arriba County | $822 | $833 | $1,014 | $1,387 | $1,597 | +$41 (+4.2%) |
| Roosevelt County | $807 | $818 | $1,014 | $1,404 | $1,695 | +$39 (+4.0%) |
| San Juan County | $850 | $855 | $1,116 | $1,545 | $1,673 | +$31 (+2.9%) |
| San Miguel County | $796 | $925 | $1,077 | $1,491 | $1,689 | +$69 (+6.8%) |
| Sandoval County | $977 | $1,112 | $1,384 | $1,902 | $2,242 | −$80 (−5.5%) |
| Santa Fe County | $1,260 | $1,413 | $1,735 | $2,134 | $2,280 | +$50 (+3.0%) |
| Sierra County | $706 | $780 | $1,014 | $1,404 | $1,590 | +$10 (+1.0%) |
| Socorro County | $807 | $931 | $1,014 | $1,404 | $1,590 | +$41 (+4.2%) |
| Taos County | $900 | $1,104 | $1,292 | $1,626 | $1,932 | +$13 (+1.0%) |
| Torrance County | $977 | $1,112 | $1,384 | $1,902 | $2,242 | −$80 (−5.5%) |
| Union County | $773 | $778 | $1,014 | $1,388 | $1,590 | +$41 (+4.2%) |
| Valencia County | $977 | $1,112 | $1,384 | $1,902 | $2,242 | −$80 (−5.5%) |
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.