FY2026 Fair Market Rents — Chaves County, NM
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$738
1BR
$887
2BR
$1,071
3BR
$1,421
4BR
$1,562
Hours/week at min wage
69 hrs
to afford the 2BR FMR @ $12.00/hr (NM)
YoY change (2BR)
+12.4%
+$118 vs FY2025 · 5-yr +18.5%
Voucher payment standard
$964–$1,178
PHAs set HCV payment at 90–110% of the 2BR FMR
Chaves County, NM
Non-Metropolitan area · NM · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $738 | $8,856 |
| 1-Bedroom | $887 | $10,644 |
| 2-Bedroom | $1,071 | $12,852 |
| 3-Bedroom | $1,421 | $17,052 |
| 4-Bedroom | $1,562 | $18,744 |
Recent 2-Bedroom FMR Trend
FY2020 $812 → FY2026 $1,071
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $738 | $887 | $1,071 | $1,421 | $1,562 |
| FY2025 | $693 | $737 | $953 | $1,234 | $1,413 |
| FY2024 | $692 | $737 | $969 | $1,239 | $1,358 |
| FY2023 | $649 | $674 | $887 | $1,121 | $1,221 |
| FY2022 | $613 | $618 | $814 | $1,051 | $1,169 |
| FY2021 | $681 | $686 | $904 | $1,167 | $1,298 |
| FY2020 | $612 | $617 | $812 | $1,047 | $1,229 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $65,600
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $42,300 |
| 50% AMI (Very Low) | $25,550 | $29,200 | $32,850 | $36,450 | $39,400 | $42,300 |
| 80% AMI (Low) | $40,850 | $46,650 | $52,500 | $58,300 | $63,000 | $67,650 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$12,852/yr
FMR as % of Area Median Income
19.6% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$42,840/yr
$3,570/mo gross income
FY2026 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $574 | $656 | $738 | $885 | $951 |
| 60% AMI Maximum | $688 | $787 | $885 | $1,062 | $1,141 |
FY2026 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $738 | $887 | $1,066 | $1,066 | $1,066 |
| Low HOME Rent | $638 | $730 | $821 | $911 | $985 |