HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Mora County, New Mexico (FY 2026)
$973 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Mora County, and it's the baseline every voucher in Mora is measured against.
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
28th of 33
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Mora 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 Mora actually rent for?
Search any address in Mora 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 | $723 | $651 to $795 | $28,920 | $13.90/hr | +6.6% |
| 1 bedroom | $798 | $718 to $878 | $31,920 | $15.35/hr | +4.5% |
| 2 bedroom | $973 | $876 to $1,070 | $38,920 | $18.71/hr | +4.3% |
| 3 bedroom | $1,332 | $1,199 to $1,465 | $53,280 | $25.62/hr | +4.6% |
| 4 bedroom | $1,569 | $1,412 to $1,726 | $62,760 | $30.17/hr | +1.3% |
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 | $1,804 | $1,624 to $1,984 |
| 6 bedroom Estimate | $2,040 | $1,836 to $2,244 |
| 7 bedroom Estimate | $2,275 | $2,048 to $2,503 |
| 8 bedroom Estimate | $2,510 | $2,259 to $2,761 |
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 Mora, that runs from $723 for a studio up to $1,569 for four bedrooms, all five rates in the table above.
Because Mora 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, Buena Vista included.
Among New Mexico's 33 counties, Mora ranks 28th 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 4,208 people live here, 28th in the state.
Rates by ZIP code
HUD also publishes Small Area FMRs by ZIP code. For the 12 ZIP codes it covers in Mora, 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 Mora 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 24% in total, about 3.6% 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 | $616 | $620 | $786 | $1,076 | $1,300 | — |
| FY 2021 | $653 | $664 | $835 | $1,136 | $1,405 | +6.2% |
| FY 2022 | $588 | $598 | $752 | $1,023 | $1,271 | -9.9% |
| FY 2023 | $582 | $637 | $795 | $1,065 | $1,354 | +5.7% |
| FY 2024 | $627 | $707 | $877 | $1,184 | $1,488 | +10.3% |
| FY 2025 | $678 | $764 | $933 | $1,273 | $1,549 | +6.4% |
| FY 2026 | $723 | $798 | $973 | $1,332 | $1,569 | +4.3% |
| FY 2027 | $807 | $833 | $1,014 | $1,388 | $1,590 | +4.2% |
Nearby counties
San Miguel County
$1,00833 mi · pop 27,215
Colfax County
$97339 mi · pop 12,370
Taos County
$1,27943 mi · pop 34,475
Santa Fe County
$1,68554 mi · pop 154,481
Harding County
$1,04060 mi · pop 671
Los Alamos County
$1,74062 mi · pop 19,253
Rio Arriba County
$97366 mi · pop 40,285
Guadalupe County
$97372 mi · pop 4,413
Questions people ask
$973 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $723 for a studio, $798 for one bedroom, $1,332 for three and $1,569 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 Mora actually go for?
HUD's number is one input. Search any address in Mora for a rent estimate built from nearby comps. 3 free searches, no card.
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