FY2026 Fair Market Rents — Lea County
Studio
$1,062
1BR
$1,068
2BR
$1,324
3BR
$1,641
4BR
$1,829
Lea County, New Mexico
FIPS 35025 · County-level FMR and income limit data
FMR Area: Lea County, NM
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,062 | $12,744 |
| 1-Bedroom | $1,068 | $12,816 |
| 2-Bedroom | $1,324 | $15,888 |
| 3-Bedroom | $1,641 | $19,692 |
| 4-Bedroom | $1,829 | $21,948 |
To afford the FY2026 2-bedroom FMR of $1,324/mo under the 30%-of-income rule, a household needs about
$52,960/yr ($4,413/mo). Area Median Income is $92,200.
At NM's state minimum wage of $12.00/hr, a worker would need to work 85 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,062 | $1,068 | $1,324 | $1,641 | $1,829 |
| FY2025 | $806 | $862 | $1,131 | $1,397 | $1,599 |
| FY2024 | $801 | $889 | $1,168 | $1,487 | $1,642 |
| FY2023 | $688 | $776 | $1,021 | $1,319 | $1,463 |
| FY2022 | $675 | $707 | $930 | $1,205 | $1,357 |
| FY2021 | $749 | $779 | $1,026 | $1,327 | $1,507 |
| FY2020 | $717 | $722 | $951 | $1,239 | $1,434 |
FY2026 Income Limits
Area Median Income: $92,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,450 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $30,750 | $35,150 | $39,550 | $43,900 | $47,450 | $50,950 |
| 80% AMI | $49,200 | $56,200 | $63,250 | $70,250 | $75,900 | $81,500 |