FY2026 Fair Market Rents — Otero County
Studio
$737
1BR
$742
2BR
$973
3BR
$1,303
4BR
$1,632
Otero County, Colorado
FIPS 08089 · County-level FMR and income limit data
FMR Area: Otero County, CO
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $737 | $8,844 |
| 1-Bedroom | $742 | $8,904 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,303 | $15,636 |
| 4-Bedroom | $1,632 | $19,584 |
To afford the FY2026 2-bedroom FMR of $973/mo under the 30%-of-income rule, a household needs about
$38,920/yr ($3,243/mo). Area Median Income is $68,500.
At CO's state minimum wage of $14.81/hr, a worker would need to work 51 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $737 | $742 | $973 | $1,303 | $1,632 |
| FY2025 | $707 | $711 | $933 | $1,297 | $1,567 |
| FY2024 | $769 | $774 | $1,017 | $1,370 | $1,726 |
| FY2023 | $678 | $683 | $899 | $1,210 | $1,513 |
| FY2022 | $703 | $708 | $931 | $1,186 | $1,515 |
| FY2021 | $627 | $631 | $832 | $1,035 | $1,312 |
| FY2020 | $570 | $574 | $756 | $942 | $1,173 |
FY2026 Income Limits
Area Median Income: $68,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,450 | $23,400 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,100 | $39,000 | $43,850 | $48,700 | $52,600 | $56,500 |
| 80% AMI | $54,550 | $62,350 | $70,150 | $77,900 | $84,150 | $90,400 |