Valencia County, NM fair market rent
Official source data 2026-10-01
2-bedroom gross-rent benchmark
$1,384
per month, HUD FY 2027
Fair Market Rent is a HUD 40th-percentile gross-rent benchmark. It includes tenant-paid utilities and is not a current asking-rent quote or a guaranteed voucher payment.
Albuquerque, NM MSA
Compare rent with your budget.
The comparison uses 30% of gross income for rent and utilities.
Fair market rent by bedroom.
| Bedrooms | Monthly FMR | Annual equivalent | Income needed at 30% |
|---|---|---|---|
| Studio | $977 | $11,724 | $39,080 |
| 1 bedrooms | $1,112 | $13,344 | $44,480 |
| 2 bedrooms | $1,384 | $16,608 | $55,360 |
| 3 bedrooms | $1,902 | $22,824 | $76,080 |
| 4 bedrooms | $2,242 | $26,904 | $89,680 |
Your 30% housing budget is $1,500 / month. The selected benchmark is $1,384, $116 below that budget.
Compare a ZIP-level benchmark.
HUD Small Area Fair Market Rents use ZIP-level figures. Enter a ZIP in New Mexico to compare its schedule; the county or metro figures above keep their own geographic scope.
What the benchmark means.
FMR is a gross rent for standard-quality units. A housing agency’s payment standard and rent-reasonableness rules determine how the figure is used. Where Small Area FMRs apply, ZIP-level benchmarks may differ from the county or metro figure.
Good questions. Clear answers.
What is fair market rent in Valencia County for FY 2027?
The selected 2-bedroom benchmark is $1,384 per month in Albuquerque, NM MSA. Studio through 4-bedroom values are in the table above.
Does fair market rent include utilities?
Gross rent includes rent and tenant-paid utilities, apart from telephone, cable, and internet. A lease’s contract rent can therefore differ from FMR.
Is this the rent a voucher will cover?
Not necessarily. Housing agencies set payment standards and assess rent reasonableness; Small Area FMRs and exception standards may also apply.
How much income do I need for this rent?
At 30% of gross income, the selected benchmark corresponds to $55,360 a year. This is a budgeting comparison, not a subsidy eligibility rule.
When does FY 2027 start?
The imported HUD FY 2027 rent schedule takes effect October 1, 2026. Fiscal-year labels differ from calendar years.
Check the source.
Data as of 2026-10-01. Retrieved .