FY2026 Fair Market Rents — San Miguel County
Studio
$783
1BR
$920
2BR
$1,008
3BR
$1,402
4BR
$1,626
San Miguel County, New Mexico
FIPS 35047 · County-level FMR and income limit data
FMR Area: San Miguel County, NM
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $783 | $9,396 |
| 1-Bedroom | $920 | $11,040 |
| 2-Bedroom | $1,008 | $12,096 |
| 3-Bedroom | $1,402 | $16,824 |
| 4-Bedroom | $1,626 | $19,512 |
To afford the FY2026 2-bedroom FMR of $1,008/mo under the 30%-of-income rule, a household needs about
$40,320/yr ($3,360/mo). Area Median Income is $74,300.
At NM's state minimum wage of $12.00/hr, a worker would need to work 65 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $783 | $920 | $1,008 | $1,402 | $1,626 |
| FY2025 | $753 | $843 | $933 | $1,307 | $1,549 |
| FY2024 | $703 | $781 | $877 | $1,186 | $1,384 |
| FY2023 | $676 | $704 | $795 | $1,055 | $1,254 |
| FY2022 | $626 | $637 | $726 | $967 | $985 |
| FY2021 | $673 | $677 | $800 | $1,054 | $1,085 |
| FY2020 | $601 | $636 | $772 | $1,001 | $1,088 |
FY2026 Income Limits
Area Median Income: $74,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $43,100 |
| 50% AMI | $26,050 | $29,750 | $33,450 | $37,150 | $40,150 | $43,100 |
| 80% AMI | $41,650 | $47,600 | $53,550 | $59,450 | $64,250 | $69,000 |