New Mexico · FIPS 35015 · HUD FY 2027
Eddy County, New Mexico Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Eddy County is $1,252 a month (rent plus utilities), 2% below the New Mexico average of $1,282 and 29% below the U.S. average of $1,761. That is up $64 (5.4%) from FY 2026. At 30% of income, a household needs about $50,080 a year to afford it.
- $1,2522-bedroom FMR+$64 (+5.4%) vs FY 2026
- $1,1501-bedroom FMRNew Mexico: $1,051 · U.S.: $1,478
- $50,080Income for a 2-bedroom$24/hour full-time
- 9 of 332BR rank in New Mexico1 = highest rent
| Unit | Eddy County FY 2027 | FY 2026 | Change | New Mexico avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,053 | $1,035 | +$18 (+1.7%) | $935 | $1,379 | $42,120 |
| 1 bedroom | $1,150 | $1,084 | +$66 (+6.1%) | $1,051 | $1,478 | $46,000 |
| 2 bedrooms | $1,252 | $1,188 | +$64 (+5.4%) | $1,282 | $1,761 | $50,080 |
| 3 bedrooms | $1,734 | $1,619 | +$115 (+7.1%) | $1,716 | $2,266 | $69,360 |
| 4 bedrooms | $1,855 | $1,625 | +$230 (+14.2%) | $1,982 | $2,607 | $74,200 |
How Eddy County compares
- Eddy County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across New Mexico, 2-bedroom FMRs run from $1,014 (Union County) to $1,874 (Los Alamos County).
- Studio to 4-bedroom: $1,053, $1,150, $1,252, $1,734, $1,855. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 7 ZIP codes mostly in Eddy County (by land area), the 2-bedroom figure ranges from $1,170 to $1,280.
Small Area FMRs by ZIP code in Eddy County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 88210 | $980 | $1,070 | $1,170 | $1,620 | $1,730 | +$80 (+7.3%) | 7% below |
| 88220 | $1,080 | $1,180 | $1,280 | $1,770 | $1,900 | +$50 (+4.1%) | 2% above |
| 88254 | $1,050 | $1,150 | $1,250 | $1,730 | $1,850 | +$90 (+7.8%) | about the same as |
| 88255 | $980 | $1,070 | $1,170 | $1,620 | $1,730 | +$80 (+7.3%) | 7% below |
| 88256 | $1,050 | $1,150 | $1,250 | $1,730 | $1,850 | +$70 (+5.9%) | about the same as |
| 88263 | $1,060 | $1,160 | $1,260 | $1,750 | $1,870 | +$60 (+5.0%) | 1% above |
| 88268 | $1,050 | $1,150 | $1,250 | $1,730 | $1,850 | +$60 (+5.0%) | 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).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
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.