Metro FMR area · NM · HUD FY 2027

Santa Fe, NM Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Santa Fe, NM area is $1,735 a month, 35% above the New Mexico average and 1% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 22 ZIP codes range from $1,520 to $2,020.

$1,7352-bedroom FMR+$50 (+3.0%) vs FY 2026
$1,4131-bedroom FMRU.S.: $1,478
$69,400Income for a 2-bedroomat 30% of income
156,105Residents1 county

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,735/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Santa Fe, NM FMR	$1,735	$69,400	–
New Mexico average	$1,282	$51,277	–
U.S. average	$1,761	$70,432	–

Santa Fe, NM Fair Market Rents, FY 2027 vs FY 2026
Unit	Santa Fe, NM FY 2027	FY 2026	Change	New Mexico avg	U.S. avg	Income needed
Studio	$1,260	$1,259	+$1 (+0.1%)	$935	$1,379	$50,400
1 bedroom	$1,413	$1,390	+$23 (+1.7%)	$1,051	$1,478	$56,520
2 bedrooms	$1,735	$1,685	+$50 (+3.0%)	$1,282	$1,761	$69,400
3 bedrooms	$2,134	$2,122	+$12 (+0.6%)	$1,716	$2,266	$85,360
4 bedrooms	$2,280	$2,231	+$49 (+2.2%)	$1,982	$2,607	$91,200

Counties in this FMR area

Counties in the Santa Fe, NM FMR area
County	Residents in area
Santa Fe County, NM	156,105

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,720.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Santa Fe, NM
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
87010	$1,230	$1,380	$1,690	$2,080	$2,220	+$30 (+1.8%)	3% below
87015	$1,140	$1,260	$1,520	$1,910	$2,160	no change	12% below
87035	$1,140	$1,260	$1,520	$1,910	$2,160	+$50 (+3.4%)	12% below
87047	$1,140	$1,260	$1,520	$2,020	$2,370	−$100 (−6.2%)	12% below
87056	$1,260	$1,420	$1,740	$2,140	$2,290	+$270 (+18.4%)	about the same as
87501	$1,420	$1,600	$1,960	$2,410	$2,580	+$30 (+1.6%)	13% above
87502	$1,260	$1,420	$1,740	$2,140	$2,290	+$50 (+3.0%)	about the same as
87504	$1,260	$1,420	$1,740	$2,140	$2,290	+$50 (+3.0%)	about the same as
87505	$1,290	$1,450	$1,780	$2,190	$2,340	+$30 (+1.7%)	3% above
87506	$1,140	$1,260	$1,570	$1,910	$2,560	+$70 (+4.7%)	10% below
87507	$1,160	$1,290	$1,590	$1,960	$2,090	no change	8% below
87508	$1,470	$1,640	$2,020	$2,480	$2,650	−$30 (−1.5%)	16% above
87522	$1,140	$1,260	$1,520	$1,910	$2,010	+$50 (+3.4%)	12% below
87532	$1,140	$1,260	$1,520	$1,910	$2,010	+$50 (+3.4%)	12% below
87535	$1,260	$1,420	$1,720	$2,180	$2,360	+$140 (+8.9%)	1% below
87540	$1,380	$1,540	$1,900	$2,330	$2,490	−$10 (−0.5%)	10% above
87552	$1,140	$1,260	$1,520	$1,910	$2,010	+$50 (+3.4%)	12% below
87567	$1,140	$1,260	$1,520	$1,910	$2,010	+$50 (+3.4%)	12% below
87573	$1,160	$1,280	$1,550	$1,950	$2,120	−$170 (−9.9%)	11% below
87574	$1,260	$1,420	$1,740	$2,140	$2,290	+$50 (+3.0%)	about the same as
87592	$1,260	$1,420	$1,740	$2,140	$2,290	+$50 (+3.0%)	about the same as
87594	$1,260	$1,420	$1,740	$2,140	$2,290	+$50 (+3.0%)	about the same as

Sources

U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).

Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.