FY2026 Fair Market Rents — Socorro County
Studio
$723
1BR
$888
2BR
$973
3BR
$1,353
4BR
$1,569
Socorro County, New Mexico
FIPS 35053 · County-level FMR and income limit data
FMR Area: Socorro County, NM
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $723 | $8,676 |
| 1-Bedroom | $888 | $10,656 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,353 | $16,236 |
| 4-Bedroom | $1,569 | $18,828 |
To afford the FY2026 2-bedroom FMR of $973/mo under the 30%-of-income rule, a household needs about
$38,920/yr ($3,243/mo). Area Median Income is $50,000.
At NM's state minimum wage of $12.00/hr, a worker would need to work 63 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $723 | $888 | $973 | $1,353 | $1,569 |
| FY2025 | $678 | $764 | $933 | $1,307 | $1,549 |
| FY2024 | $627 | $707 | $877 | $1,236 | $1,488 |
| FY2023 | $582 | $604 | $795 | $1,130 | $1,354 |
| FY2022 | $550 | $552 | $726 | $1,031 | $1,243 |
| FY2021 | $592 | $596 | $757 | $1,083 | $1,311 |
| FY2020 | $573 | $615 | $714 | $1,025 | $1,254 |
FY2026 Income Limits
Area Median Income: $50,000
| 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 |