New Mexico · FIPS 35047 · HUD FY 2027
San Miguel County, New Mexico Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in San Miguel County is $1,077 a month (rent plus utilities), 16% below the New Mexico average of $1,282 and 39% below the U.S. average of $1,761. That is up $69 (6.8%) from FY 2026. At 30% of income, a household needs about $43,080 a year to afford it.
- $1,0772-bedroom FMR+$69 (+6.8%) vs FY 2026
- $9251-bedroom FMRNew Mexico: $1,051 · U.S.: $1,478
- $43,080Income for a 2-bedroom$21/hour full-time
- 14 of 332BR rank in New Mexico1 = highest rent
| Unit | San Miguel County FY 2027 | FY 2026 | Change | New Mexico avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $796 | $783 | +$13 (+1.7%) | $935 | $1,379 | $31,840 |
| 1 bedroom | $925 | $920 | +$5 (+0.5%) | $1,051 | $1,478 | $37,000 |
| 2 bedrooms | $1,077 | $1,008 | +$69 (+6.8%) | $1,282 | $1,761 | $43,080 |
| 3 bedrooms | $1,491 | $1,402 | +$89 (+6.3%) | $1,716 | $2,266 | $59,640 |
| 4 bedrooms | $1,689 | $1,626 | +$63 (+3.9%) | $1,982 | $2,607 | $67,560 |
How San Miguel County compares
- San Miguel County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across New Mexico, 2-bedroom FMRs run from $1,014 (Union County) to $1,874 (Los Alamos County).
- Studio to 4-bedroom: $796, $925, $1,077, $1,491, $1,689. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 17 ZIP codes mostly in San Miguel County (by land area), the 2-bedroom figure ranges from $1,050 to $1,550.
Small Area FMRs by ZIP code in San Miguel County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 87538 | $880 | $1,030 | $1,190 | $1,650 | $1,870 | +$180 (+17.8%) | 10% above |
| 87552 | $1,140 | $1,260 | $1,520 | $1,910 | $2,010 | +$50 (+3.4%) | 41% above |
| 87560 | $800 | $930 | $1,080 | $1,500 | $1,690 | +$110 (+11.3%) | about the same as |
| 87562 | $800 | $930 | $1,080 | $1,500 | $1,690 | +$70 (+6.9%) | about the same as |
| 87565 | $800 | $930 | $1,080 | $1,500 | $1,690 | +$90 (+9.1%) | about the same as |
| 87569 | $800 | $930 | $1,080 | $1,500 | $1,690 | +$80 (+8.0%) | about the same as |
| 87573 | $1,160 | $1,280 | $1,550 | $1,950 | $2,120 | −$170 (−9.9%) | 44% above |
| 87583 | $800 | $930 | $1,080 | $1,500 | $1,690 | +$110 (+11.3%) | about the same as |
| 87701 | $790 | $920 | $1,070 | $1,480 | $1,680 | +$50 (+4.9%) | 1% below |
| 87711 | $790 | $860 | $1,050 | $1,420 | $1,650 | +$40 (+4.0%) | 3% below |
| 87731 | $830 | $970 | $1,120 | $1,550 | $1,760 | +$110 (+10.9%) | 4% above |
| 87742 | $800 | $900 | $1,060 | $1,460 | $1,660 | +$60 (+6.0%) | 2% below |
| 87745 | $800 | $930 | $1,080 | $1,500 | $1,690 | +$70 (+6.9%) | about the same as |
| 87746 | $810 | $910 | $1,070 | $1,480 | $1,680 | +$50 (+4.9%) | 1% below |
| 88416 | $800 | $930 | $1,080 | $1,500 | $1,690 | +$70 (+6.9%) | about the same as |
| 88421 | $800 | $930 | $1,080 | $1,500 | $1,690 | +$60 (+5.9%) | about the same as |
| 88439 | $800 | $930 | $1,080 | $1,500 | $1,690 | +$70 (+6.9%) | about the same as |
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).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
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.