HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Grant County, New Mexico (FY 2026)
A two-bedroom in Grant County carries a FY 2026 Fair Market Rent of $1,048 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Grant keys off that figure.
2 bedroom FMR
$1,048
FY 2026, utilities included
Payment standard range
$943 to $1,153
90% to 110% of FMR
Income to afford 2BR
$41,920
per year, at 30% of income
Rank in New Mexico
14th of 33
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Grant moves to $1,070. That's up 2%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Grant actually rent for?
Search any address in Grant 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 | $795 | $716 to $875 | $31,800 | $15.29/hr | +6.3% |
| 1 bedroom | $801 | $721 to $881 | $32,040 | $15.40/hr | +6.4% |
| 2 bedroom | $1,048 | $943 to $1,153 | $41,920 | $20.15/hr | +12.3% |
| 3 bedroom | $1,304 | $1,174 to $1,434 | $52,160 | $25.08/hr | +5.0% |
| 4 bedroom | $1,388 | $1,249 to $1,527 | $55,520 | $26.69/hr | +8.1% |
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 | $1,596 | $1,436 to $1,756 |
| 6 bedroom Estimate | $1,804 | $1,624 to $1,984 |
| 7 bedroom Estimate | $2,013 | $1,812 to $2,214 |
| 8 bedroom Estimate | $2,221 | $1,999 to $2,443 |
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 Grant, that runs from $795 for a studio up to $1,388 for four bedrooms, all five rates in the table above.
Because Grant 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, Silver City included.
Among New Mexico's 33 counties, Grant ranks 14th for two-bedroom FMR. That's within a couple percent of the state median of $1,040 and about 3% above the national median county at $1,018. About 28,006 people live here, 15th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $970 in 88023 (Bayard) and $1,130 in 88043 (Hurley), with the 18 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 |
|---|---|---|---|
| 88022 | Arenas Valley | $1,070 | +2.1% |
| 88023 | Bayard | $970 | -7.4% |
| 88025 | Buckhorn | $1,050 | +0.2% |
| 88026 | Santa Clara | $1,040 | -0.8% |
| 88028 | Cliff | $1,050 | +0.2% |
| 88034 | Faywood | $1,020 | -2.7% |
| 88036 | Fort Bayard | $1,050 | +0.2% |
| 88038 | Gila | $1,050 | +0.2% |
| 88040 | Hachita | $970 | -7.4% |
| 88041 | Hanover | $1,050 | +0.2% |
| 88043 | Hurley | $1,130 | +7.8% |
| 88049 | Mimbres | $1,050 | +0.2% |
| 88051 | Mule Creek | $1,050 | +0.2% |
| 88053 | Pinos Altos | $970 | -7.4% |
| 88055 | Redrock | $1,040 | -0.8% |
| 88061 | Silver City | $1,080 | +3.1% |
| 88062 | Silver City | $1,050 | +0.2% |
| 88065 | Tyrone | $1,080 | +3.1% |
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 Grant somewhere between $943 and $1,153. 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.
$1,048 a month is affordable, by HUD's 30% rule, on an income of roughly $41,920 a year. Put another way, $20 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% ($943) | HAP at 100% ($1,048) | HAP at 110% ($1,153) |
|---|---|---|---|---|
| $2,500 | $750 | $193 | $298 | $403 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 12% from FY 2025 ($933) to FY 2026 ($1,048). Since FY 2020 it's up 41% in total, about 5.9% 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 | $598 | $617 | $745 | $999 | $1,198 | — |
| FY 2021 | $630 | $668 | $806 | $1,071 | $1,324 | +8.2% |
| FY 2022 | $567 | $616 | $726 | $990 | $1,192 | -9.9% |
| FY 2023 | $582 | $682 | $795 | $1,092 | $1,285 | +9.5% |
| FY 2024 | $728 | $733 | $877 | $1,209 | $1,303 | +10.3% |
| FY 2025 | $748 | $753 | $933 | $1,242 | $1,284 | +6.4% |
| FY 2026 | $795 | $801 | $1,048 | $1,304 | $1,388 | +12.3% |
| FY 2027 | $820 | $825 | $1,070 | $1,286 | $1,678 | +2.1% |
Nearby counties
Questions people ask
$1,048 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $795 for a studio, $801 for one bedroom, $1,304 for three and $1,388 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 Grant actually go for?
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