FY2026 Fair Market Rents — Grant County
Studio
$795
1BR
$801
2BR
$1,048
3BR
$1,304
4BR
$1,388
Grant County, New Mexico
FIPS 35017 · County-level FMR and income limit data
FMR Area: Grant County, NM
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $795 | $9,540 |
| 1-Bedroom | $801 | $9,612 |
| 2-Bedroom | $1,048 | $12,576 |
| 3-Bedroom | $1,304 | $15,648 |
| 4-Bedroom | $1,388 | $16,656 |
To afford the FY2026 2-bedroom FMR of $1,048/mo under the 30%-of-income rule, a household needs about
$41,920/yr ($3,493/mo). Area Median Income is $68,400.
At NM's state minimum wage of $12.00/hr, a worker would need to work 68 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $795 | $801 | $1,048 | $1,304 | $1,388 |
| FY2025 | $748 | $753 | $933 | $1,242 | $1,284 |
| FY2024 | $728 | $733 | $877 | $1,209 | $1,303 |
| FY2023 | $582 | $682 | $795 | $1,092 | $1,285 |
| FY2022 | $567 | $616 | $726 | $990 | $1,192 |
| FY2021 | $630 | $668 | $806 | $1,071 | $1,324 |
| FY2020 | $598 | $617 | $745 | $999 | $1,198 |
FY2026 Income Limits
Area Median Income: $68,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $43,200 |
| 50% AMI | $26,050 | $29,800 | $33,500 | $37,200 | $40,200 | $43,200 |
| 80% AMI | $41,700 | $47,600 | $53,550 | $59,500 | $64,300 | $69,050 |