FY2026 Fair Market Rents — Grant County, NM
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$795
1BR
$801
2BR
$1,048
3BR
$1,304
4BR
$1,388
Hours/week at min wage
68 hrs
to afford the 2BR FMR @ $12.00/hr (NM)
YoY change (2BR)
+12.3%
+$115 vs FY2025 · 5-yr +30%
Voucher payment standard
$943–$1,153
PHAs set HCV payment at 90–110% of the 2BR FMR
Grant 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) | $795 | $9,540 |
| 1-Bedroom | $801 | $9,612 |
| 2-Bedroom | $1,048 | $12,576 |
| 3-Bedroom | $1,304 | $15,648 |
| 4-Bedroom | $1,388 | $16,656 |
Recent 2-Bedroom FMR Trend
FY2020 $745 → FY2026 $1,048
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $795 | $801 | $1,048 | $1,304 | $1,388 |
| FY2025 | $748 | $753 | $933 | $1,242 | $1,284 |
| FY2024 | $728 | $733 | $877 | $1,209 | $1,303 |
| FY2023 | $582 | $682 | $795 | $1,092 | $1,285 |
| FY2022 | $567 | $616 | $726 | $990 | $1,192 |
| FY2021 | $630 | $668 | $806 | $1,071 | $1,324 |
| FY2020 | $598 | $617 | $745 | $999 | $1,198 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $68,400
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $43,200 |
| 50% AMI (Very Low) | $26,050 | $29,800 | $33,500 | $37,200 | $40,200 | $43,200 |
| 80% AMI (Low) | $41,700 | $47,600 | $53,550 | $59,500 | $64,300 | $69,050 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$12,576/yr
FMR as % of Area Median Income
18.4% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$41,920/yr
$3,493/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 | $598 | $684 | $769 | $923 | $991 |
| 60% AMI Maximum | $718 | $820 | $923 | $1,108 | $1,190 |
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 | $795 | $801 | $1,048 | $1,111 | $1,111 |
| Low HOME Rent | $651 | $745 | $837 | $930 | $1,005 |