FY2026 Fair Market Rents — San Miguel County, NM
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$783
1BR
$920
2BR
$1,008
3BR
$1,402
4BR
$1,626
Hours/week at min wage
65 hrs
to afford the 2BR FMR @ $12.00/hr (NM)
YoY change (2BR)
+8%
+$75 vs FY2025 · 5-yr +26%
Voucher payment standard
$907–$1,109
PHAs set HCV payment at 90–110% of the 2BR FMR
San Miguel 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) | $783 | $9,396 |
| 1-Bedroom | $920 | $11,040 |
| 2-Bedroom | $1,008 | $12,096 |
| 3-Bedroom | $1,402 | $16,824 |
| 4-Bedroom | $1,626 | $19,512 |
Recent 2-Bedroom FMR Trend
FY2020 $772 → FY2026 $1,008
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $783 | $920 | $1,008 | $1,402 | $1,626 |
| FY2025 | $753 | $843 | $933 | $1,307 | $1,549 |
| FY2024 | $703 | $781 | $877 | $1,186 | $1,384 |
| FY2023 | $676 | $704 | $795 | $1,055 | $1,254 |
| FY2022 | $626 | $637 | $726 | $967 | $985 |
| FY2021 | $673 | $677 | $800 | $1,054 | $1,085 |
| FY2020 | $601 | $636 | $772 | $1,001 | $1,088 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $74,300
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $43,100 |
| 50% AMI (Very Low) | $26,050 | $29,750 | $33,450 | $37,150 | $40,150 | $43,100 |
| 80% AMI (Low) | $41,650 | $47,600 | $53,550 | $59,450 | $64,250 | $69,000 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$12,096/yr
FMR as % of Area Median Income
16.3% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$40,320/yr
$3,360/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 | $650 | $743 | $835 | $1,003 | $1,077 |
| 60% AMI Maximum | $780 | $891 | $1,003 | $1,203 | $1,292 |
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 | $783 | $920 | $1,008 | $1,207 | $1,207 |
| Low HOME Rent | $651 | $743 | $836 | $928 | $1,003 |