HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Grant County, New Mexico (FY 2027)
A two-bedroom in Grant County carries a FY 2027 Fair Market Rent of $1,070 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Grant keys off that figure.
Two-bedroom FMR
$1,070
+2.1% from FY 2026
Payment standard
$963–$1,177
90% to 110% of the FMR, two-bedroom
Income to afford
$42,800
a year, with rent at 30% of income
Rank in New Mexico
16th 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 | $820 | $738–$902 | $32,800 | $15.77/hr | +3.1% |
| 1 bedroom | $825 | $743–$908 | $33,000 | $15.87/hr | +3.0% |
| 2 bedroom | $1,070 | $963–$1,177 | $42,800 | $20.58/hr | +2.1% |
| 3 bedroom | $1,286 | $1,157–$1,415 | $51,440 | $24.73/hr | -1.4% |
| 4 bedroom | $1,678 | $1,510–$1,846 | $67,120 | $32.27/hr | +20.9% |
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 | $1,930 | $1,737–$2,123 |
| 6 bedroom Estimate | $2,181 | $1,963–$2,399 |
| 7 bedroom Estimate | $2,433 | $2,190–$2,676 |
| 8 bedroom Estimate | $2,685 | $2,417–$2,954 |
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 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.
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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 Grant somewhere between $963 and $1,177. 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.
$1,070 a month is affordable, by HUD's 30% rule, on an income of roughly $42,800 a year. Put another way, $21 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%$963 | Voucher pays at 100%$1,070 | Voucher pays at 110%$1,177 |
|---|---|---|---|---|
| $2,500 | $750 | $213 | $320 | $427 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 2% from FY 2026 ($1,048) to FY 2027 ($1,070). Since FY 2020 it's up 44% in total, about 5.3% 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 | $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 2027In effect | $820 | $825 | $1,070 | $1,286 | $1,678 | +2.1% |
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 Grant, that runs from $820 for a studio up to $1,678 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 16th for two-bedroom FMR. That's within a couple percent of the state median of $1,063 and within a couple percent of the national median county at $1,063. About 27,775 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 $1,010 in 88023 (Bayard) and $1,110 in 88061 (Silver City), 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 | $1,090 | +1.9% |
| 88023 | Bayard | $1,010 | -5.6% |
| 88025 | Buckhorn | $1,070 | 0.0% |
| 88026 | Santa Clara | $1,010 | -5.6% |
| 88028 | Cliff | $1,070 | 0.0% |
| 88034 | Faywood | $1,030 | -3.7% |
| 88036 | Fort Bayard | $1,070 | 0.0% |
| 88038 | Gila | $1,060 | -0.9% |
| 88040 | Hachita | $1,010 | -5.6% |
| 88041 | Hanover | $1,070 | 0.0% |
| 88043 | Hurley | $1,060 | -0.9% |
| 88049 | Mimbres | $1,070 | 0.0% |
| 88051 | Mule Creek | $1,070 | 0.0% |
| 88053 | Pinos Altos | $1,010 | -5.6% |
| 88055 | Redrock | $1,070 | 0.0% |
| 88061 | Silver City | $1,110 | +3.7% |
| 88062 | Silver City | $1,070 | 0.0% |
| 88065 | Tyrone | $1,110 | +3.7% |
Nearby counties
Two-bedroom FMR, with how each compares to Grant.
Hidalgo County
57 mi · 4,041 people
$1,014
-5%
Luna County
57 mi · 25,611 people
$1,014
-5%
Sierra County
59 mi · 11,500 people
$1,014
-5%
Catron County
81 mi · 3,743 people
$1,059
-1%
Dona Ana County
93 mi · 224,266 people
$1,073
same rate
Socorro County
130 mi · 16,200 people
$1,014
-5%
Otero County
144 mi · 68,816 people
$1,014
-5%
Valencia County
160 mi · 78,458 people
$1,384
+29%
Questions people ask
$1,070 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $820 for a studio, $825 for one bedroom, $1,286 for three and $1,678 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 Grant actually go for?
HUD's number is one input. Search any address in Grant for a rent estimate built from nearby comps. Free to start, no card.
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