Lea County fair market rent FY 2027New Mexico, HUD studio to 4 bedrooms
HUD's FY 2027 Fair Market Rent for a two-bedroom home in Lea County, New Mexico is $1,327 a month, effective October 1, 2026: $1,111 for a studio, $1,117 for one bedroom, $1,670 for three and $1,823 for four. The FY 2026 two-bedroom FMR was $1,324 (+0.2%).
Lea County Fair Market Rents by bedrooms
| Bedrooms | FY 2027 | FY 2026 | Change | Payment standard basic range |
|---|---|---|---|---|
| Studio | $1,111 | $1,062 | +4.6% | $999 to $1,222 |
| 1 bedroom | $1,117 | $1,068 | +4.6% | $1,005 to $1,228 |
| 2 bedrooms | $1,327 | $1,324 | +0.2% | $1,194 to $1,459 |
| 3 bedrooms | $1,670 | $1,641 | +1.8% | $1,503 to $1,837 |
| 4 bedrooms | $1,823 | $1,829 | -0.3% | $1,640 to $2,005 |
Monthly gross rent (rent plus tenant-paid utilities except telephone). FY 2027 runs October 1, 2026 to September 30, 2027. The payment standard basic range is 90 to 110 percent of the FMR (24 CFR 982.503(c)); the local housing agency sets the actual payment standard.
How Lea County compares
Lea County's two-bedroom FMR of $1,327 is the 7th highest of 33 counties in New Mexico, where the county median is $1,063 and the range $1,014 to $1,874. Across all 3,144 US counties the median two-bedroom FMR is $1,071; Lea County ranks 782nd.
Small Area FMRs and ZIP codes
HUD also publishes Small Area FMRs by ZIP code for metropolitan areas. For the Lea County, NM it lists 13 ZIP codes, with two-bedroom Small Area FMRs from $1,200 to $1,660. This area is not one of HUD's designated Small Area FMR areas, so agencies use the area-wide FMR above unless they opt in.
Look up any ZIP code: fair market rent by ZIP code.
Fair market rents in nearby counties
All New Mexico counties · Fair market rents in every state
More for Lea County
- Lea County loan limitsThis year's FHFA conforming, FHA and VA county loan limits for 1 to 4 unit homes, from FHFA's and HUD's official files.
- Lea County property tax rateEffective property tax rate from Census survey data: median taxes paid against median home value, ranked in the state.
- Title insurance premium calculatorOwner's and lender's policy premiums from the official rate schedules of Texas, Florida, Pennsylvania and New York.
- Seller net sheet and closing costsNet proceeds after the payoff, commission, transfer taxes, title premiums and recording fees.
- Real estate transfer tax calculatorDeed transfer taxes for New York, Florida, Pennsylvania, Illinois, the Carolinas, Arkansas, Texas and Arizona.
- Flood zone lookupThe FEMA flood zone mapped at any US address. A screening check, not an official flood zone determination.
Check a Lea County property
HeritageDeed does not search title records in Lea County yet; the counties it covers are listed under title search coverage, where a title report is $49 per report. For any US address, the Environmental Records Report lists Superfund, hazardous waste, leaking tank and brownfield sites nearby, with the flood zone.
Questions about Lea County fair market rent
What is the fair market rent in Lea County for FY 2027?
$1,111 for a studio, $1,117 for one bedroom, $1,327 for two, $1,670 for three and $1,823 for four bedrooms a month. FY 2027 runs from October 1, 2026 to September 30, 2027.
What was the fair market rent in Lea County for FY 2026?
$1,062 for a studio, $1,068 for one bedroom, $1,324 for two, $1,641 for three and $1,829 for four bedrooms (FY 2026, October 1, 2025 to September 30, 2026).
What is the Section 8 voucher amount for a 2 bedroom in Lea County?
The housing agency sets a payment standard, usually within the basic range of 90 to 110 percent of the FMR: $1,194 to $1,459 for two bedrooms here. The voucher then pays the lower of the payment standard or the gross rent, minus the family's total tenant payment, usually 30 percent of adjusted monthly income (24 CFR 982.505 and 5.628). The local housing agency publishes its own schedule.
Does fair market rent include utilities?
Yes. HUD's rule defines Fair Market Rents as "estimates of rent plus the cost of utilities, except telephone", set at the 40th percentile of rents for standard-quality units rented by recent movers (24 CFR 888.113).
Is Lea County's fair market rent high for New Mexico?
$1,327 for two bedrooms ranks 7th of 33 counties in New Mexico; the state's county median is $1,063 (range $1,014 to $1,874) and the national county median is $1,071.
Legal references
- 24 CFR 888.113, Fair market rents for existing housing: methodology
- 24 CFR 982.503, Voucher tenancy: payment standard amount and schedule
- 24 CFR 982.505, How to calculate housing assistance payment
JSON: /api/data/fair-market-rent/new-mexico/lea-county. Fair Market Rents are HUD program figures, not an appraisal of any unit's rent.