HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Luna County, New Mexico (FY 2026)
A two-bedroom in Luna County carries a FY 2026 Fair Market Rent of $973 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Luna keys off that figure.
2 bedroom FMR
$973
FY 2026, utilities included
Payment standard range
$876 to $1,070
90% to 110% of FMR
Income to afford 2BR
$38,920
per year, at 30% of income
Rank in New Mexico
27th of 33
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Luna moves to $1,014. That's up 4%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Luna actually rent for?
Search any address in Luna 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 | $671 | $604 to $738 | $26,840 | $12.90/hr | +4.8% |
| 1 bedroom | $783 | $705 to $861 | $31,320 | $15.06/hr | +2.8% |
| 2 bedroom | $973 | $876 to $1,070 | $38,920 | $18.71/hr | +4.3% |
| 3 bedroom | $1,280 | $1,152 to $1,408 | $51,200 | $24.62/hr | -0.8% |
| 4 bedroom | $1,528 | $1,375 to $1,681 | $61,120 | $29.38/hr | -2.5% |
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 | $1,757 | $1,581 to $1,933 |
| 6 bedroom Estimate | $1,986 | $1,787 to $2,185 |
| 7 bedroom Estimate | $2,216 | $1,994 to $2,438 |
| 8 bedroom Estimate | $2,445 | $2,201 to $2,690 |
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 Luna, that runs from $671 for a studio up to $1,528 for four bedrooms, all five rates in the table above.
Because Luna 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, Deming included.
Among New Mexico's 33 counties, Luna ranks 27th for two-bedroom FMR. That's about 6% below the state median of $1,040 and about 4% below the national median county at $1,018. About 25,393 people live here, 18th in the state.
Rates by ZIP code
HUD also publishes Small Area FMRs by ZIP code. For the 3 ZIP codes it covers in Luna, the two-bedroom rate is $970 across the board, so there's no ZIP-level story here.
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 Luna somewhere between $876 and $1,070. 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.
$973 a month is affordable, by HUD's 30% rule, on an income of roughly $38,920 a year. Put another way, $19 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% ($876) | HAP at 100% ($973) | HAP at 110% ($1,070) |
|---|---|---|---|---|
| $2,500 | $750 | $126 | $223 | $320 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 4% from FY 2025 ($933) to FY 2026 ($973). Since FY 2020 it's up 36% in total, about 5.3% 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 | $468 | $542 | $714 | $1,030 | $1,254 | — |
| FY 2021 | $484 | $557 | $734 | $1,032 | $1,271 | +2.8% |
| FY 2022 | $482 | $552 | $726 | $974 | $1,243 | -1.1% |
| FY 2023 | $532 | $604 | $795 | $1,076 | $1,354 | +9.5% |
| FY 2024 | $594 | $691 | $877 | $1,181 | $1,488 | +10.3% |
| FY 2025 | $640 | $762 | $933 | $1,290 | $1,567 | +6.4% |
| FY 2026 | $671 | $783 | $973 | $1,280 | $1,528 | +4.3% |
| FY 2027 | $709 | $782 | $1,014 | $1,325 | $1,399 | +4.2% |
Nearby counties
Questions people ask
$973 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $671 for a studio, $783 for one bedroom, $1,280 for three and $1,528 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 Luna actually go for?
HUD's number is one input. Search any address in Luna for a rent estimate built from nearby comps. 3 free searches, no card.
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