HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Hidalgo County, New Mexico (FY 2027)
A two-bedroom in Hidalgo County carries a FY 2027 Fair Market Rent of $1,014 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Hidalgo keys off that figure.
Two-bedroom FMR
$1,014
+4.2% from FY 2026
Payment standard
$913–$1,115
90% to 110% of the FMR, two-bedroom
Income to afford
$40,560
a year, with rent at 30% of income
Rank in New Mexico
25th 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 | $807 | $726–$888 | $32,280 | $15.52/hr | +11.6% |
| 1 bedroom | $833 | $750–$916 | $33,320 | $16.02/hr | +4.4% |
| 2 bedroom | $1,014 | $913–$1,115 | $40,560 | $19.50/hr | +4.2% |
| 3 bedroom | $1,404 | $1,264–$1,544 | $56,160 | $27.00/hr | +3.8% |
| 4 bedroom | $1,590 | $1,431–$1,749 | $63,600 | $30.58/hr | +1.3% |
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 | $1,829 | $1,646–$2,012 |
| 6 bedroom Estimate | $2,067 | $1,860–$2,274 |
| 7 bedroom Estimate | $2,306 | $2,075–$2,537 |
| 8 bedroom Estimate | $2,544 | $2,290–$2,798 |
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 Hidalgo actually rent for?
Search any address in Hidalgo for a rent estimate built from nearby comps, with the HUD figure right next to it.
No card needed
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 Hidalgo somewhere between $913 and $1,115. 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.
$1,014 a month is affordable, by HUD's 30% rule, on an income of roughly $40,560 a year. Put another way, $20 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%$913 | Voucher pays at 100%$1,014 | Voucher pays at 110%$1,115 |
|---|---|---|---|---|
| $2,500 | $750 | $163 | $264 | $365 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 4% from FY 2026 ($973) to FY 2027 ($1,014). Since FY 2020 it's up 42% in total, about 5.1% 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 | $573 | $627 | $714 | $911 | $1,167 | — |
| FY 2021 | $574 | $576 | $734 | $913 | $1,215 | +2.8% |
| FY 2022 | $550 | $579 | $726 | $897 | $1,243 | -1.1% |
| FY 2023 | $582 | $637 | $795 | $1,000 | $1,354 | +9.5% |
| FY 2024 | $627 | $707 | $877 | $1,236 | $1,488 | +10.3% |
| FY 2025 | $678 | $764 | $933 | $1,307 | $1,549 | +6.4% |
| FY 2026 | $723 | $798 | $973 | $1,353 | $1,569 | +4.3% |
| FY 2027In effect | $807 | $833 | $1,014 | $1,404 | $1,590 | +4.2% |
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 Hidalgo, that runs from $807 for a studio up to $1,590 for four bedrooms, all five rates in the table above.
Because Hidalgo 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, Playas included.
Among New Mexico's 33 counties, Hidalgo ranks 25th for two-bedroom FMR. That's about 5% below the state median of $1,063 and about 5% below the national median county at $1,063. About 4,041 people live here, 29th in the state.
Rates by ZIP code
HUD also publishes Small Area FMRs by ZIP code. For the 4 ZIP codes it covers in Hidalgo, the two-bedroom rate is $1,010 across the board, so there's no ZIP-level story here.
Nearby counties
Two-bedroom FMR, with how each compares to Hidalgo.
Grant County
57 mi · 27,775 people
$1,070
+6%
Luna County
65 mi · 25,611 people
$1,014
same rate
Sierra County
110 mi · 11,500 people
$1,014
same rate
Dona Ana County
120 mi · 224,266 people
$1,073
+6%
Catron County
128 mi · 3,743 people
$1,059
+4%
Otero County
183 mi · 68,816 people
$1,014
same rate
Socorro County
186 mi · 16,200 people
$1,014
same rate
Cibola County
216 mi · 26,845 people
$1,022
+1%
Questions people ask
$1,014 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $807 for a studio, $833 for one bedroom, $1,404 for three and $1,590 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 Hidalgo actually go for?
HUD's number is one input. Search any address in Hidalgo for a rent estimate built from nearby comps. Free to start, no card.
Free tier. No credit card.