Santa Fe 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 Santa Fe County, New Mexico is $1,735 a month, effective October 1, 2026: $1,260 for a studio, $1,413 for one bedroom, $2,134 for three and $2,280 for four. It is set for the Santa Fe, NM MSA. The FY 2026 two-bedroom FMR was $1,685 (+3.0%).
Santa Fe County Fair Market Rents by bedrooms
| Bedrooms | FY 2027 | FY 2026 | Change | Payment standard basic range |
|---|---|---|---|---|
| Studio | $1,260 | $1,259 | +0.1% | $1,134 to $1,386 |
| 1 bedroom | $1,413 | $1,390 | +1.7% | $1,271 to $1,554 |
| 2 bedrooms | $1,735 | $1,685 | +3.0% | $1,561 to $1,908 |
| 3 bedrooms | $2,134 | $2,122 | +0.6% | $1,920 to $2,347 |
| 4 bedrooms | $2,280 | $2,231 | +2.2% | $2,052 to $2,508 |
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 Santa Fe County compares
Santa Fe County's two-bedroom FMR of $1,735 is the 2nd 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; Santa Fe County ranks 286th.
Small Area FMRs and ZIP codes
HUD also publishes Small Area FMRs by ZIP code for metropolitan areas. For the Santa Fe, NM MSA it lists 22 ZIP codes, with two-bedroom Small Area FMRs from $1,520 to $2,020. 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 Santa Fe County
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- Flood zone lookupThe FEMA flood zone mapped at any US address. A screening check, not an official flood zone determination.
Check a Santa Fe County property
HeritageDeed does not search title records in Santa Fe 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 Santa Fe County fair market rent
What is the fair market rent in Santa Fe County for FY 2027?
$1,260 for a studio, $1,413 for one bedroom, $1,735 for two, $2,134 for three and $2,280 for four bedrooms a month. FY 2027 runs from October 1, 2026 to September 30, 2027.
What was the fair market rent in Santa Fe County for FY 2026?
$1,259 for a studio, $1,390 for one bedroom, $1,685 for two, $2,122 for three and $2,231 for four bedrooms (FY 2026, October 1, 2025 to September 30, 2026).
What is the Section 8 voucher amount for a 2 bedroom in Santa Fe County?
The housing agency sets a payment standard, usually within the basic range of 90 to 110 percent of the FMR: $1,561 to $1,908 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 Santa Fe County's fair market rent high for New Mexico?
$1,735 for two bedrooms ranks 2nd 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/santa-fe-county. Fair Market Rents are HUD program figures, not an appraisal of any unit's rent.