New Mexico · FIPS 35035 · HUD FY 2027
Otero County, New Mexico Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Otero County is $1,014 a month (rent plus utilities), 21% below the New Mexico average of $1,282 and 42% below the U.S. average of $1,761. That is up $41 (4.2%) from FY 2026. At 30% of income, a household needs about $40,560 a year to afford it.
- $1,0142-bedroom FMR+$41 (+4.2%) vs FY 2026
- $8771-bedroom FMRNew Mexico: $1,051 · U.S.: $1,478
- $40,560Income for a 2-bedroom$20/hour full-time
- 22 of 332BR rank in New Mexico1 = highest rent
| Unit | Otero County FY 2027 | FY 2026 | Change | New Mexico avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $706 | $671 | +$35 (+5.2%) | $935 | $1,379 | $28,240 |
| 1 bedroom | $877 | $792 | +$85 (+10.7%) | $1,051 | $1,478 | $35,080 |
| 2 bedrooms | $1,014 | $973 | +$41 (+4.2%) | $1,282 | $1,761 | $40,560 |
| 3 bedrooms | $1,404 | $1,353 | +$51 (+3.8%) | $1,716 | $2,266 | $56,160 |
| 4 bedrooms | $1,695 | $1,632 | +$63 (+3.9%) | $1,982 | $2,607 | $67,800 |
How Otero County compares
- Otero 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: $706, $877, $1,014, $1,404, $1,695. 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 17 ZIP codes mostly in Otero County (by land area), the 2-bedroom figure ranges from $1,010 to $1,290.
Small Area FMRs by ZIP code in Otero County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 79837 | $710 | $860 | $1,010 | $1,220 | $1,700 | +$40 (+4.1%) | about the same as |
| 88081 | $720 | $890 | $1,010 | $1,410 | $1,670 | +$40 (+4.1%) | about the same as |
| 88310 | $710 | $880 | $1,010 | $1,410 | $1,700 | +$40 (+4.1%) | about the same as |
| 88311 | $710 | $880 | $1,010 | $1,410 | $1,700 | +$40 (+4.1%) | about the same as |
| 88314 | $710 | $880 | $1,010 | $1,410 | $1,700 | +$40 (+4.1%) | about the same as |
| 88317 | $710 | $880 | $1,010 | $1,410 | $1,700 | +$40 (+4.1%) | about the same as |
| 88325 | $710 | $880 | $1,010 | $1,410 | $1,700 | +$40 (+4.1%) | about the same as |
| 88330 | $900 | $1,120 | $1,290 | $1,790 | $2,160 | +$20 (+1.6%) | 27% above |
| 88337 | $710 | $880 | $1,010 | $1,410 | $1,700 | +$40 (+4.1%) | about the same as |
| 88340 | $740 | $880 | $1,010 | $1,410 | $1,700 | +$40 (+4.1%) | about the same as |
| 88342 | $710 | $880 | $1,010 | $1,410 | $1,690 | +$40 (+4.1%) | about the same as |
| 88344 | $830 | $890 | $1,070 | $1,460 | $1,640 | +$20 (+1.9%) | 6% above |
| 88347 | $710 | $880 | $1,010 | $1,410 | $1,700 | +$40 (+4.1%) | about the same as |
| 88349 | $710 | $880 | $1,010 | $1,410 | $1,700 | +$40 (+4.1%) | about the same as |
| 88350 | $710 | $880 | $1,010 | $1,410 | $1,700 | +$40 (+4.1%) | about the same as |
| 88352 | $710 | $880 | $1,010 | $1,410 | $1,700 | +$40 (+4.1%) | about the same as |
| 88354 | $710 | $880 | $1,010 | $1,410 | $1,700 | +$40 (+4.1%) | 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.