FY2026 Fair Market Rents — Santa Fe, NM MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,259
1BR
$1,390
2BR
$1,685
3BR
$2,122
4BR
$2,231
Hours/week at min wage
109 hrs
to afford the 2BR FMR @ $12.00/hr (NM)
National rank
#142
of 661 U.S. metros (top 22% most expensive)
YoY change (2BR)
+3.6%
+$58 vs FY2025 · 5-yr +57.3%
Voucher payment standard
$1,517–$1,854
PHAs set HCV payment at 90–110% of the 2BR FMR
Santa Fe, NM MSA
Metropolitan area · NM · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,259 | $15,108 |
| 1-Bedroom | $1,390 | $16,680 |
| 2-Bedroom | $1,685 | $20,220 |
| 3-Bedroom | $2,122 | $25,464 |
| 4-Bedroom | $2,231 | $26,772 |
Recent 2-Bedroom FMR Trend
FY2020 $1,057 → FY2026 $1,685
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,259 | $1,390 | $1,685 | $2,122 | $2,231 |
| FY2025 | $1,235 | $1,368 | $1,627 | $2,057 | $2,157 |
| FY2024 | $1,171 | $1,317 | $1,535 | $1,960 | $2,044 |
| FY2023 | $952 | $1,087 | $1,249 | $1,597 | $1,775 |
| FY2022 | $842 | $975 | $1,113 | $1,419 | $1,729 |
| FY2021 | $804 | $940 | $1,071 | $1,363 | $1,571 |
| FY2020 | $802 | $928 | $1,057 | $1,376 | $1,534 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $118,600
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $23,000 | $26,250 | $29,550 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $38,300 | $43,750 | $49,250 | $54,700 | $59,100 | $63,500 |
| 80% AMI (Low) | $61,250 | $70,000 | $78,750 | $87,500 | $94,500 | $101,500 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$20,220/yr
FMR as % of Area Median Income
17% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$67,400/yr
$5,617/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 | $1,037 | $1,186 | $1,334 | $1,601 | $1,719 |
| 60% AMI Maximum | $1,245 | $1,423 | $1,601 | $1,921 | $2,063 |
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 | $1,259 | $1,390 | $1,685 | $1,927 | $1,927 |
| Low HOME Rent | $957 | $1,093 | $1,231 | $1,367 | $1,477 |