FY2026 Fair Market Rents — Lea County, NM
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,062
1BR
$1,068
2BR
$1,324
3BR
$1,641
4BR
$1,829
Hours/week at min wage
85 hrs
to afford the 2BR FMR @ $12.00/hr (NM)
YoY change (2BR)
+17.1%
+$193 vs FY2025 · 5-yr +29%
Voucher payment standard
$1,192–$1,456
PHAs set HCV payment at 90–110% of the 2BR FMR
Lea 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) | $1,062 | $12,744 |
| 1-Bedroom | $1,068 | $12,816 |
| 2-Bedroom | $1,324 | $15,888 |
| 3-Bedroom | $1,641 | $19,692 |
| 4-Bedroom | $1,829 | $21,948 |
Recent 2-Bedroom FMR Trend
FY2020 $951 → FY2026 $1,324
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,062 | $1,068 | $1,324 | $1,641 | $1,829 |
| FY2025 | $806 | $862 | $1,131 | $1,397 | $1,599 |
| FY2024 | $801 | $889 | $1,168 | $1,487 | $1,642 |
| FY2023 | $688 | $776 | $1,021 | $1,319 | $1,463 |
| FY2022 | $675 | $707 | $930 | $1,205 | $1,357 |
| FY2021 | $749 | $779 | $1,026 | $1,327 | $1,507 |
| FY2020 | $717 | $722 | $951 | $1,239 | $1,434 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $92,200
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $18,450 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $30,750 | $35,150 | $39,550 | $43,900 | $47,450 | $50,950 |
| 80% AMI (Low) | $49,200 | $56,200 | $63,250 | $70,250 | $75,900 | $81,500 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$15,888/yr
FMR as % of Area Median Income
17.2% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$52,960/yr
$4,413/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 | $806 | $922 | $1,037 | $1,244 | $1,336 |
| 60% AMI Maximum | $968 | $1,106 | $1,244 | $1,493 | $1,604 |
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 | $1,062 | $1,068 | $1,324 | $1,498 | $1,498 |
| Low HOME Rent | $768 | $878 | $988 | $1,097 | $1,186 |