HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Bernalillo County, New Mexico (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Bernalillo County is $1,384 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$1,384
-5.5% from FY 2026
Payment standard
$1,246–$1,522
90% to 110% of the FMR, two-bedroom
Income to afford
$55,360
a year, with rent at 30% of income
Rank in New Mexico
3rd of 33
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $977 | $879–$1,075 | $39,080 | $18.79/hr | -3.2% |
| 1 bedroom | $1,112 | $1,001–$1,223 | $44,480 | $21.38/hr | -6.2% |
| 2 bedroom | $1,384 | $1,246–$1,522 | $55,360 | $26.62/hr | -5.5% |
| 3 bedroom | $1,902 | $1,712–$2,092 | $76,080 | $36.58/hr | -6.6% |
| 4 bedroom | $2,242 | $2,018–$2,466 | $89,680 | $43.12/hr | -6.5% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $2,578 | $2,320–$2,836 |
| 6 bedroom Estimate | $2,915 | $2,624–$3,207 |
| 7 bedroom Estimate | $3,251 | $2,926–$3,576 |
| 8 bedroom Estimate | $3,587 | $3,228–$3,946 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Bernalillo actually rent for?
Search any address in Bernalillo for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Bernalillo somewhere between $1,246 and $1,522. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,384 a month is affordable, by HUD's 30% rule, on an income of roughly $55,360 a year. Put another way, $27 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,246 | Voucher pays at 100%$1,384 | Voucher pays at 110%$1,522 |
|---|---|---|---|---|
| $2,500 | $750 | $496 | $634 | $772 |
| $4,000 | $1,200 | $46 | $184 | $322 |
Rate history
The two-bedroom rate went down 5% from FY 2026 ($1,464) to FY 2027 ($1,384). Since FY 2020 it's up 58% in total, about 6.7% a year. The New Mexico median moved up 2% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $571 | $713 | $877 | $1,265 | $1,506 | — |
| FY 2021 | $621 | $770 | $940 | $1,345 | $1,617 | +7.2% |
| FY 2022 | $666 | $821 | $996 | $1,415 | $1,705 | +6.0% |
| FY 2023 | $765 | $942 | $1,144 | $1,626 | $1,949 | +14.9% |
| FY 2024 | $828 | $1,005 | $1,222 | $1,722 | $2,064 | +6.8% |
| FY 2025 | $913 | $1,084 | $1,331 | $1,865 | $2,209 | +8.9% |
| FY 2026 | $1,009 | $1,185 | $1,464 | $2,036 | $2,399 | +10.0% |
| FY 2027In effect | $977 | $1,112 | $1,384 | $1,902 | $2,242 | -5.5% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Bernalillo, that runs from $977 for a studio up to $2,242 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Bernalillo in with 3 other counties in the Albuquerque metro, Sandoval County, Valencia County, Torrance County among them, and every one of them gets $1,384 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among New Mexico's 33 counties, Bernalillo ranks 3rd for two-bedroom FMR. That's about 30% above the state median of $1,063 and about 30% above the national median county at $1,063. About 673,930 people live here, 1st in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,320 in 87022 (Isleta) and $2,080 in 87116 (Albuquerque), with the 46 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 87008 | Cedar Crest | $1,610 | +16.3% |
| 87022 | Isleta | $1,320 | -4.6% |
| 87047 | Sandia Park | $1,520 | +9.8% |
| 87059 | Tijeras | $1,320 | -4.6% |
| 87101 | Albuquerque | $1,360 | -1.7% |
| 87102 | Albuquerque | $1,320 | -4.6% |
| 87103 | Albuquerque | $1,360 | -1.7% |
| 87104 | Albuquerque | $1,330 | -3.9% |
| 87105 | Albuquerque | $1,320 | -4.6% |
| 87106 | Albuquerque | $1,320 | -4.6% |
| 87107 | Albuquerque | $1,320 | -4.6% |
| 87108 | Albuquerque | $1,320 | -4.6% |
| 87109 | Albuquerque | $1,510 | +9.1% |
| 87110 | Albuquerque | $1,410 | +1.9% |
| 87111 | Albuquerque | $1,760 | +27.2% |
| 87112 | Albuquerque | $1,340 | -3.2% |
| 87113 | Albuquerque | $1,910 | +38.0% |
| 87114 | Albuquerque | $1,560 | +12.7% |
| 87115 | Albuquerque | $1,360 | -1.7% |
| 87116 | Albuquerque | $2,080 | +50.3% |
| 87117 | Kirtland Afb | $1,410 | +1.9% |
| 87119 | Albuquerque | $1,360 | -1.7% |
| 87120 | Albuquerque | $1,700 | +22.8% |
| 87121 | Albuquerque | $1,630 | +17.8% |
| 87122 | Albuquerque | $2,080 | +50.3% |
| 87123 | Albuquerque | $1,320 | -4.6% |
| 87125 | Albuquerque | $1,360 | -1.7% |
| 87131 | Albuquerque | $1,384County rate | — |
| 87151 | Albuquerque | $1,630 | +17.8% |
| 87153 | Albuquerque | $1,360 | -1.7% |
| 87154 | Albuquerque | $1,360 | -1.7% |
| 87158 | Albuquerque | $1,384County rate | — |
| 87174 | Rio Rancho | $1,710 | +23.6% |
| 87176 | Albuquerque | $1,360 | -1.7% |
| 87181 | Albuquerque | $1,360 | -1.7% |
| 87184 | Albuquerque | $1,360 | -1.7% |
| 87185 | Albuquerque | $1,360 | -1.7% |
| 87187 | Albuquerque | $1,360 | -1.7% |
| 87190 | Albuquerque | $1,360 | -1.7% |
| 87191 | Albuquerque | $1,360 | -1.7% |
Counties sharing the Albuquerque metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,384 two-bedroom figure as Bernalillo.
Nearby counties
Two-bedroom FMR, with how each compares to Bernalillo.
Valencia County
26 mi · 78,458 people
$1,384
same rate
Sandoval County
39 mi · 153,604 people
$1,384
same rate
Torrance County
45 mi · 15,490 people
$1,384
same rate
Santa Fe County
50 mi · 156,105 people
$1,735
+25%
Los Alamos County
58 mi · 19,435 people
$1,874
+35%
Socorro County
63 mi · 16,200 people
$1,014
-27%
Cibola County
65 mi · 26,845 people
$1,022
-26%
San Miguel County
84 mi · 26,850 people
$1,077
-22%
Questions people ask
$1,384 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $977 for a studio, $1,112 for one bedroom, $1,902 for three and $2,242 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Bernalillo actually go for?
HUD's number is one input. Search any address in Bernalillo for a rent estimate built from nearby comps. Free to start, no card.
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