FY2026 Fair Market Rents — Union County, NM
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$723
1BR
$770
2BR
$973
3BR
$1,332
4BR
$1,569
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
Union 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) | $723 | $8,676 |
| 1-Bedroom | $770 | $9,240 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,332 | $15,984 |
| 4-Bedroom | $1,569 | $18,828 |
Recent 2-Bedroom FMR Trend
FY2020 $714 → FY2026 $973
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $723 | $770 | $973 | $1,332 | $1,569 |
| FY2025 | $678 | $768 | $933 | $1,273 | $1,549 |
| FY2024 | $627 | $732 | $877 | $1,114 | $1,488 |
| FY2023 | $582 | $626 | $795 | $993 | $1,223 |
| FY2022 | $550 | $552 | $726 | $953 | $1,122 |
| FY2021 | $553 | $557 | $734 | $1,050 | $1,157 |
| FY2020 | $539 | $542 | $714 | $1,030 | $1,133 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $66,700
| 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
17.5% 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 | $583 | $667 | $750 | $900 | $967 |
| 60% AMI Maximum | $700 | $800 | $900 | $1,080 | $1,160 |
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 | $723 | $770 | $973 | $1,083 | $1,083 |
| Low HOME Rent | $638 | $730 | $821 | $911 | $985 |