HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Eddy County, New Mexico (FY 2026)
$1,188 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Eddy County, and it's the baseline every voucher in Eddy is measured against.
2 bedroom FMR
$1,188
FY 2026, utilities included
Payment standard range
$1,069 to $1,307
90% to 110% of FMR
Income to afford 2BR
$47,520
per year, at 30% of income
Rank in New Mexico
9th of 33
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Eddy moves to $1,252. That's up 5%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Eddy actually rent for?
Search any address in Eddy for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $1,035 | $932 to $1,139 | $41,400 | $19.90/hr | +38.0% |
| 1 bedroom | $1,084 | $976 to $1,192 | $43,360 | $20.85/hr | +16.4% |
| 2 bedroom | $1,188 | $1,069 to $1,307 | $47,520 | $22.85/hr | +15.2% |
| 3 bedroom | $1,619 | $1,457 to $1,781 | $64,760 | $31.13/hr | +17.4% |
| 4 bedroom | $1,625 | $1,463 to $1,788 | $65,000 | $31.25/hr | +9.5% |
5 to 8 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 | $1,869 | $1,682 to $2,056 |
| 6 bedroom Estimate | $2,113 | $1,902 to $2,324 |
| 7 bedroom Estimate | $2,356 | $2,120 to $2,592 |
| 8 bedroom Estimate | $2,600 | $2,340 to $2,860 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
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 2026 that's October 1, 2025 through September 30, 2026. In Eddy, that runs from $1,035 for a studio up to $1,625 for four bedrooms, all five rates in the table above.
Because Eddy sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Artesia included.
Among New Mexico's 33 counties, Eddy ranks 9th for two-bedroom FMR. That's about 14% above the state median of $1,040 and about 17% above the national median county at $1,018. About 61,264 people live here, 11th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,090 in 88210 (Artesia) and $1,230 in 88220 (Carlsbad), with the 9 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.
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 Eddy somewhere between $1,069 and $1,307. 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.
$1,188 a month is affordable, by HUD's 30% rule, on an income of roughly $47,520 a year. Put another way, $23 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($1,069) | HAP at 100% ($1,188) | HAP at 110% ($1,307) |
|---|---|---|---|---|
| $2,500 | $750 | $319 | $438 | $557 |
| $4,000 | $1,200 | $0 | $0 | $107 |
Rate history
The two-bedroom rate went up 15% from FY 2025 ($1,031) to FY 2026 ($1,188). Since FY 2020 it's up 29% in total, about 4.3% a year. The New Mexico median moved up 11% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $697 | $702 | $924 | $1,333 | $1,616 | — |
| FY 2021 | $842 | $847 | $1,026 | $1,468 | $1,776 | +11.0% |
| FY 2022 | $758 | $763 | $924 | $1,322 | $1,599 | -9.9% |
| FY 2023 | $878 | $898 | $1,014 | $1,441 | $1,727 | +9.7% |
| FY 2024 | $791 | $968 | $1,087 | $1,532 | $1,648 | +7.2% |
| FY 2025 | $750 | $931 | $1,031 | $1,379 | $1,484 | -5.2% |
| FY 2026 | $1,035 | $1,084 | $1,188 | $1,619 | $1,625 | +15.2% |
| FY 2027 | $1,053 | $1,150 | $1,252 | $1,734 | $1,855 | +5.4% |
Nearby counties
Questions people ask
$1,188 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,035 for a studio, $1,084 for one bedroom, $1,619 for three and $1,625 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the 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
See what income a household needs for a given rent.
What does a rental in Eddy actually go for?
HUD's number is one input. Search any address in Eddy for a rent estimate built from nearby comps. 3 free searches, no card.
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