FY2026 Fair Market Rents — Luna County, NM
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$671
1BR
$783
2BR
$973
3BR
$1,280
4BR
$1,528
Hours/week at min wage
63 hrs
to afford the 2BR FMR @ $12.00/hr (NM)
YoY change (2BR)
+4.3%
+$40 vs FY2025 · 5-yr +32.6%
Voucher payment standard
$876–$1,070
PHAs set HCV payment at 90–110% of the 2BR FMR
Luna 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) | $671 | $8,052 |
| 1-Bedroom | $783 | $9,396 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,280 | $15,360 |
| 4-Bedroom | $1,528 | $18,336 |
Recent 2-Bedroom FMR Trend
FY2020 $714 → FY2026 $973
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $671 | $783 | $973 | $1,280 | $1,528 |
| FY2025 | $640 | $762 | $933 | $1,290 | $1,567 |
| FY2024 | $594 | $691 | $877 | $1,181 | $1,488 |
| FY2023 | $532 | $604 | $795 | $1,076 | $1,354 |
| FY2022 | $482 | $552 | $726 | $974 | $1,243 |
| FY2021 | $484 | $557 | $734 | $1,032 | $1,271 |
| FY2020 | $468 | $542 | $714 | $1,030 | $1,254 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $48,300
| 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
$11,676/yr
FMR as % of Area Median Income
24.2% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$38,920/yr
$3,243/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 | $422 | $483 | $543 | $652 | $700 |
| 60% AMI Maximum | $507 | $579 | $652 | $782 | $840 |
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 | $671 | $783 | $784 | $784 | $784 |
| Low HOME Rent | $638 | $730 | $821 | $911 | $985 |