HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Rio Arriba County, New Mexico (FY 2027)
$1,014 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Rio Arriba County, and it's the baseline every voucher in Rio Arriba is measured against.
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
29th 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 | $822 | $740–$904 | $32,880 | $15.81/hr | +11.5% |
| 1 bedroom | $833 | $750–$916 | $33,320 | $16.02/hr | +12.3% |
| 2 bedroom | $1,014 | $913–$1,115 | $40,560 | $19.50/hr | +4.2% |
| 3 bedroom | $1,387 | $1,248–$1,526 | $55,480 | $26.67/hr | +15.7% |
| 4 bedroom | $1,597 | $1,437–$1,757 | $63,880 | $30.71/hr | +11.1% |
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 | $1,837 | $1,653–$2,021 |
| 6 bedroom Estimate | $2,076 | $1,868–$2,284 |
| 7 bedroom Estimate | $2,316 | $2,084–$2,548 |
| 8 bedroom Estimate | $2,555 | $2,300–$2,811 |
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 Rio Arriba actually rent for?
Search any address in Rio Arriba 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 Rio Arriba 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 | $609 | $627 | $714 | $890 | $967 | — |
| FY 2021 | $663 | $678 | $773 | $961 | $1,048 | +8.3% |
| FY 2022 | $626 | $637 | $726 | $897 | $985 | -6.1% |
| FY 2023 | $689 | $689 | $795 | $968 | $1,068 | +9.5% |
| FY 2024 | $666 | $670 | $877 | $1,060 | $1,168 | +10.3% |
| FY 2025 | $707 | $711 | $933 | $1,124 | $1,334 | +6.4% |
| FY 2026 | $737 | $742 | $973 | $1,199 | $1,437 | +4.3% |
| FY 2027In effect | $822 | $833 | $1,014 | $1,387 | $1,597 | +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 Rio Arriba, that runs from $822 for a studio up to $1,597 for four bedrooms, all five rates in the table above.
Because Rio Arriba 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, Espanola included.
Among New Mexico's 33 counties, Rio Arriba ranks 29th 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 40,070 people live here, 13th 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 87012 (Coyote) and $1,520 in 87522 (Chimayo), with the 27 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 |
|---|---|---|---|
| 87012 | Coyote | $1,010 | -0.4% |
| 87017 | Gallina | $1,010 | -0.4% |
| 87029 | Lindrith | $1,010 | -0.4% |
| 87064 | Youngsville | $1,010 | -0.4% |
| 87510 | Abiquiu | $1,010 | -0.4% |
| 87511 | Alcalde | $1,010 | -0.4% |
| 87515 | Canjilon | $1,010 | -0.4% |
| 87516 | Canones | $1,010 | -0.4% |
| 87518 | Cebolla | $1,010 | -0.4% |
| 87520 | Chama | $1,010 | -0.4% |
| 87522 | Chimayo | $1,520 | +49.9% |
| 87523 | Cordova | $1,230 | +21.3% |
| 87527 | Dixon | $1,240 | +22.3% |
| 87528 | Dulce | $1,320 | +30.2% |
| 87530 | El Rito | $1,010 | -0.4% |
| 87531 | Embudo | $1,160 | +14.4% |
| 87532 | Espanola | $1,520 | +49.9% |
| 87533 | Espanola | $1,014County rate | — |
| 87537 | Hernandez | $1,010 | -0.4% |
| 87539 | La Madera | $1,010 | -0.4% |
| 87548 | Medanales | $1,010 | -0.4% |
| 87551 | Los Ojos | $1,010 | -0.4% |
| 87554 | Petaca | $1,010 | -0.4% |
| 87566 | Ohkay Owingeh | $1,010 | -0.4% |
| 87575 | Tierra Amarilla | $1,010 | -0.4% |
| 87578 | Truchas | $1,480 | +46.0% |
| 87581 | Vallecitos | $1,010 | -0.4% |
| 87582 | Velarde | $1,060 | +4.5% |
Nearby counties
Two-bedroom FMR, with how each compares to Rio Arriba.
Los Alamos County
31 mi · 19,435 people
$1,874
+85%
Taos County
38 mi · 34,543 people
$1,292
+27%
Sandoval County
50 mi · 153,604 people
$1,384
+36%
Santa Fe County
53 mi · 156,105 people
$1,735
+71%
Mora County
66 mi · 4,149 people
$1,014
same rate
Colfax County
80 mi · 12,322 people
$1,014
same rate
San Miguel County
80 mi · 26,850 people
$1,077
+6%
Bernalillo County
86 mi · 673,930 people
$1,384
+36%
Questions people ask
$1,014 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $822 for a studio, $833 for one bedroom, $1,387 for three and $1,597 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 Rio Arriba actually go for?
HUD's number is one input. Search any address in Rio Arriba for a rent estimate built from nearby comps. Free to start, no card.
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