FY2026 Fair Market Rents — Sierra County
Studio
$692
1BR
$765
2BR
$1,004
3BR
$1,396
4BR
$1,619
Sierra County, New Mexico
FIPS 35051 · County-level FMR and income limit data
FMR Area: Sierra County, NM
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $692 | $8,304 |
| 1-Bedroom | $765 | $9,180 |
| 2-Bedroom | $1,004 | $12,048 |
| 3-Bedroom | $1,396 | $16,752 |
| 4-Bedroom | $1,619 | $19,428 |
To afford the FY2026 2-bedroom FMR of $1,004/mo under the 30%-of-income rule, a household needs about
$40,160/yr ($3,347/mo). Area Median Income is $71,300.
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 | $692 | $765 | $1,004 | $1,396 | $1,619 |
| FY2025 | $640 | $711 | $933 | $1,307 | $1,549 |
| FY2024 | $594 | $667 | $877 | $1,236 | $1,488 |
| FY2023 | $532 | $604 | $795 | $1,130 | $1,354 |
| FY2022 | $482 | $552 | $726 | $981 | $985 |
| FY2021 | $496 | $571 | $752 | $1,016 | $1,023 |
| FY2020 | $493 | $557 | $733 | $1,002 | $1,136 |
FY2026 Income Limits
Area Median Income: $71,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $42,300 |
| 50% AMI | $25,550 | $29,200 | $32,850 | $36,450 | $39,400 | $42,300 |
| 80% AMI | $40,850 | $46,650 | $52,500 | $58,300 | $63,000 | $67,650 |