New Mexico · FIPS 35017 · HUD FY 2027
Grant County, New Mexico Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Grant County is $1,070 a month (rent plus utilities), 17% below the New Mexico average of $1,282 and 39% below the U.S. average of $1,761. That is up $22 (2.1%) from FY 2026. At 30% of income, a household needs about $42,800 a year to afford it.
- $1,0702-bedroom FMR+$22 (+2.1%) vs FY 2026
- $8251-bedroom FMRNew Mexico: $1,051 · U.S.: $1,478
- $42,800Income for a 2-bedroom$21/hour full-time
- 16 of 332BR rank in New Mexico1 = highest rent
| Unit | Grant County FY 2027 | FY 2026 | Change | New Mexico avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $820 | $795 | +$25 (+3.1%) | $935 | $1,379 | $32,800 |
| 1 bedroom | $825 | $801 | +$24 (+3.0%) | $1,051 | $1,478 | $33,000 |
| 2 bedrooms | $1,070 | $1,048 | +$22 (+2.1%) | $1,282 | $1,761 | $42,800 |
| 3 bedrooms | $1,286 | $1,304 | −$18 (−1.4%) | $1,716 | $2,266 | $51,440 |
| 4 bedrooms | $1,678 | $1,388 | +$290 (+20.9%) | $1,982 | $2,607 | $67,120 |
How Grant County compares
- Grant 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: $820, $825, $1,070, $1,286, $1,678. 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 15 ZIP codes mostly in Grant County (by land area), the 2-bedroom figure ranges from $1,010 to $1,110.
Small Area FMRs by ZIP code in Grant County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 88022 | $840 | $850 | $1,090 | $1,310 | $1,710 | +$20 (+1.9%) | 2% above |
| 88023 | $780 | $780 | $1,010 | $1,220 | $1,600 | +$40 (+4.1%) | 6% below |
| 88025 | $820 | $830 | $1,070 | $1,290 | $1,680 | +$20 (+1.9%) | same |
| 88026 | $780 | $780 | $1,010 | $1,220 | $1,600 | −$30 (−2.9%) | 6% below |
| 88028 | $820 | $830 | $1,070 | $1,290 | $1,680 | +$20 (+1.9%) | same |
| 88034 | $750 | $800 | $1,030 | $1,290 | $1,520 | +$10 (+1.0%) | 4% below |
| 88038 | $830 | $840 | $1,060 | $1,350 | $1,660 | +$10 (+1.0%) | 1% below |
| 88041 | $820 | $830 | $1,070 | $1,290 | $1,680 | +$20 (+1.9%) | same |
| 88043 | $810 | $820 | $1,060 | $1,270 | $1,660 | −$70 (−6.2%) | 1% below |
| 88049 | $820 | $830 | $1,070 | $1,290 | $1,680 | +$20 (+1.9%) | same |
| 88051 | $820 | $830 | $1,070 | $1,290 | $1,680 | +$20 (+1.9%) | same |
| 88053 | $780 | $780 | $1,010 | $1,220 | $1,600 | +$40 (+4.1%) | 6% below |
| 88055 | $830 | $850 | $1,070 | $1,360 | $1,670 | +$30 (+2.9%) | same |
| 88061 | $850 | $860 | $1,110 | $1,330 | $1,740 | +$30 (+2.8%) | 4% above |
| 88065 | $850 | $860 | $1,110 | $1,330 | $1,740 | +$30 (+2.8%) | 4% above |
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.