FY2026 Fair Market Rents — McKinley County, NM
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$752
1BR
$894
2BR
$1,090
3BR
$1,307
4BR
$1,443
Hours/week at min wage
70 hrs
to afford the 2BR FMR @ $12.00/hr (NM)
YoY change (2BR)
+14.6%
+$139 vs FY2025 · 5-yr +46.9%
Voucher payment standard
$981–$1,199
PHAs set HCV payment at 90–110% of the 2BR FMR
McKinley 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) | $752 | $9,024 |
| 1-Bedroom | $894 | $10,728 |
| 2-Bedroom | $1,090 | $13,080 |
| 3-Bedroom | $1,307 | $15,684 |
| 4-Bedroom | $1,443 | $17,316 |
Recent 2-Bedroom FMR Trend
FY2020 $714 → FY2026 $1,090
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $752 | $894 | $1,090 | $1,307 | $1,443 |
| FY2025 | $652 | $799 | $951 | $1,169 | $1,261 |
| FY2024 | $663 | $739 | $877 | $1,127 | $1,168 |
| FY2023 | $666 | $671 | $795 | $1,063 | $1,068 |
| FY2022 | $608 | $612 | $726 | $967 | $985 |
| FY2021 | $636 | $645 | $742 | $966 | $1,006 |
| FY2020 | $556 | $627 | $714 | $911 | $967 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $56,400
| 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
$13,080/yr
FMR as % of Area Median Income
23.2% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$43,600/yr
$3,633/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 | $493 | $564 | $634 | $761 | $817 |
| 60% AMI Maximum | $592 | $676 | $761 | $913 | $981 |
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 | $752 | $894 | $916 | $916 | $916 |
| Low HOME Rent | $638 | $730 | $821 | $911 | $985 |