FY2026 Fair Market Rents — San Juan County
Studio
$882
1BR
$885
2BR
$1,085
3BR
$1,509
4BR
$1,630
San Juan County, New Mexico
FIPS 35045 · County-level FMR and income limit data
FMR Area: Farmington, NM MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $882 | $10,584 |
| 1-Bedroom | $885 | $10,620 |
| 2-Bedroom | $1,085 | $13,020 |
| 3-Bedroom | $1,509 | $18,108 |
| 4-Bedroom | $1,630 | $19,560 |
To afford the FY2026 2-bedroom FMR of $1,085/mo under the 30%-of-income rule, a household needs about
$43,400/yr ($3,617/mo). Area Median Income is $80,300.
At NM's state minimum wage of $12.00/hr, a worker would need to work 70 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $882 | $885 | $1,085 | $1,509 | $1,630 |
| FY2025 | $841 | $855 | $1,034 | $1,449 | $1,571 |
| FY2024 | $843 | $847 | $1,012 | $1,426 | $1,526 |
| FY2023 | $756 | $769 | $909 | $1,277 | $1,391 |
| FY2022 | $724 | $734 | $850 | $1,133 | $1,317 |
| FY2021 | $687 | $695 | $802 | $1,055 | $1,224 |
| FY2020 | $702 | $713 | $822 | $1,079 | $1,205 |
FY2026 Income Limits
Area Median Income: $80,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,900 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $28,150 | $32,150 | $36,150 | $40,150 | $43,400 | $46,600 |
| 80% AMI | $45,000 | $51,400 | $57,850 | $64,250 | $69,400 | $74,550 |