FY2026 Fair Market Rents — Sierra County, NM
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$692
1BR
$765
2BR
$1,004
3BR
$1,396
4BR
$1,619
Hours/week at min wage
65 hrs
to afford the 2BR FMR @ $12.00/hr (NM)
YoY change (2BR)
+7.6%
+$71 vs FY2025 · 5-yr +33.5%
Voucher payment standard
$904–$1,104
PHAs set HCV payment at 90–110% of the 2BR FMR
Sierra 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) | $692 | $8,304 |
| 1-Bedroom | $765 | $9,180 |
| 2-Bedroom | $1,004 | $12,048 |
| 3-Bedroom | $1,396 | $16,752 |
| 4-Bedroom | $1,619 | $19,428 |
Recent 2-Bedroom FMR Trend
FY2020 $733 → FY2026 $1,004
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $692 | $765 | $1,004 | $1,396 | $1,619 |
| FY2025 | $640 | $711 | $933 | $1,307 | $1,549 |
| FY2024 | $594 | $667 | $877 | $1,236 | $1,488 |
| FY2023 | $532 | $604 | $795 | $1,130 | $1,354 |
| FY2022 | $482 | $552 | $726 | $981 | $985 |
| FY2021 | $496 | $571 | $752 | $1,016 | $1,023 |
| FY2020 | $493 | $557 | $733 | $1,002 | $1,136 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $71,300
| 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
$12,048/yr
FMR as % of Area Median Income
16.9% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$40,160/yr
$3,347/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 | $623 | $713 | $802 | $962 | $1,033 |
| 60% AMI Maximum | $748 | $855 | $962 | $1,155 | $1,240 |
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 | $692 | $765 | $1,004 | $1,158 | $1,158 |
| Low HOME Rent | $638 | $730 | $821 | $911 | $985 |