New Mexico · FIPS 35037 · HUD FY 2027
Quay County, New Mexico Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Quay County is $1,019 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 $46 (4.7%) from FY 2026. At 30% of income, a household needs about $40,760 a year to afford it.
- $1,0192-bedroom FMR+$46 (+4.7%) vs FY 2026
- $7791-bedroom FMRNew Mexico: $1,051 · U.S.: $1,478
- $40,760Income for a 2-bedroom$20/hour full-time
- 21 of 332BR rank in New Mexico1 = highest rent
| Unit | Quay County FY 2027 | FY 2026 | Change | New Mexico avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $774 | $723 | +$51 (+7.1%) | $935 | $1,379 | $30,960 |
| 1 bedroom | $779 | $742 | +$37 (+5.0%) | $1,051 | $1,478 | $31,160 |
| 2 bedrooms | $1,019 | $973 | +$46 (+4.7%) | $1,282 | $1,761 | $40,760 |
| 3 bedrooms | $1,323 | $1,227 | +$96 (+7.8%) | $1,716 | $2,266 | $52,920 |
| 4 bedrooms | $1,598 | $1,569 | +$29 (+1.8%) | $1,982 | $2,607 | $63,920 |
How Quay County compares
- Quay 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: $774, $779, $1,019, $1,323, $1,598. 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 Quay County (by land area), the 2-bedroom figure ranges from $1,010 to $1,370.
Small Area FMRs by ZIP code in Quay County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 88120 | $720 | $810 | $1,010 | $1,350 | $1,660 | −$10 (−1.0%) | 1% below |
| 88121 | $770 | $780 | $1,020 | $1,320 | $1,600 | +$50 (+5.2%) | about the same as |
| 88401 | $770 | $780 | $1,010 | $1,330 | $1,600 | +$40 (+4.1%) | 1% below |
| 88411 | $770 | $780 | $1,020 | $1,320 | $1,600 | −$40 (−3.8%) | about the same as |
| 88427 | $740 | $810 | $1,010 | $1,340 | $1,660 | +$40 (+4.1%) | 1% below |
| 88430 | $1,050 | $1,060 | $1,370 | $1,770 | $2,100 | +$80 (+6.2%) | 34% above |
| 88434 | $780 | $820 | $1,060 | $1,400 | $1,710 | +$90 (+9.3%) | 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.