HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in San Juan County, New Mexico (FY 2027)
$1,116 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in San Juan County, and it's the baseline every voucher in San Juan is measured against.
Two-bedroom FMR
$1,116
+2.9% from FY 2026
Payment standard
$1,004–$1,228
90% to 110% of the FMR, two-bedroom
Income to afford
$44,640
a year, with rent at 30% of income
Rank in New Mexico
12th 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 | $850 | $765–$935 | $34,000 | $16.35/hr | -3.6% |
| 1 bedroom | $855 | $770–$941 | $34,200 | $16.44/hr | -3.4% |
| 2 bedroom | $1,116 | $1,004–$1,228 | $44,640 | $21.46/hr | +2.9% |
| 3 bedroom | $1,545 | $1,391–$1,700 | $61,800 | $29.71/hr | +2.4% |
| 4 bedroom | $1,673 | $1,506–$1,840 | $66,920 | $32.17/hr | +2.6% |
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 | $1,924 | $1,732–$2,116 |
| 6 bedroom Estimate | $2,175 | $1,958–$2,393 |
| 7 bedroom Estimate | $2,426 | $2,183–$2,669 |
| 8 bedroom Estimate | $2,677 | $2,409–$2,945 |
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 San Juan actually rent for?
Search any address in San Juan 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 San Juan somewhere between $1,004 and $1,228. 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.
$1,116 a month is affordable, by HUD's 30% rule, on an income of roughly $44,640 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%$1,004 | Voucher pays at 100%$1,116 | Voucher pays at 110%$1,228 |
|---|---|---|---|---|
| $2,500 | $750 | $254 | $366 | $478 |
| $4,000 | $1,200 | $0 | $0 | $28 |
Rate history
The two-bedroom rate went up 3% from FY 2026 ($1,085) to FY 2027 ($1,116). Since FY 2020 it's up 36% in total, about 4.5% 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 | $702 | $713 | $822 | $1,079 | $1,205 | — |
| FY 2021 | $687 | $695 | $802 | $1,055 | $1,224 | -2.4% |
| FY 2022 | $724 | $734 | $850 | $1,133 | $1,317 | +6.0% |
| FY 2023 | $756 | $769 | $909 | $1,277 | $1,391 | +6.9% |
| FY 2024 | $843 | $847 | $1,012 | $1,426 | $1,526 | +11.3% |
| FY 2025 | $841 | $855 | $1,034 | $1,449 | $1,571 | +2.2% |
| FY 2026 | $882 | $885 | $1,085 | $1,509 | $1,630 | +4.9% |
| FY 2027In effect | $850 | $855 | $1,116 | $1,545 | $1,673 | +2.9% |
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 San Juan, that runs from $850 for a studio up to $1,673 for four bedrooms, all five rates in the table above.
San Juan is its own HUD metro area (Farmington, NM), so the rate here is set from rents inside the county rather than a wider region.
Among New Mexico's 33 counties, San Juan ranks 12th for two-bedroom FMR. That's about 5% above the state median of $1,063 and about 5% above the national median county at $1,063. About 120,942 people live here, 5th 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 87364 (Sheep Springs) and $1,470 in 87415 (Flora Vista), with the 17 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 |
|---|---|---|---|
| 87037 | Nageezi | $1,080 | -3.2% |
| 87364 | Sheep Springs | $1,010 | -9.5% |
| 87401 | Farmington | $1,190 | +6.6% |
| 87402 | Farmington | $1,220 | +9.3% |
| 87410 | Aztec | $1,010 | -9.5% |
| 87412 | Blanco | $1,090 | -2.3% |
| 87413 | Bloomfield | $1,110 | -0.5% |
| 87415 | Flora Vista | $1,470 | +31.7% |
| 87416 | Fruitland | $1,230 | +10.2% |
| 87417 | Kirtland | $1,010 | -9.5% |
| 87418 | La Plata | $1,240 | +11.1% |
| 87419 | Navajo Dam | $1,310 | +17.4% |
| 87420 | Shiprock | $1,010 | -9.5% |
| 87421 | Waterflow | $1,180 | +5.7% |
| 87455 | Newcomb | $1,010 | -9.5% |
| 87461 | Sanostee | $1,010 | -9.5% |
| 87499 | Farmington | $1,160 | +3.9% |
Nearby counties
Two-bedroom FMR, with how each compares to San Juan.
McKinley County
79 mi · 70,431 people
$1,140
+2%
Rio Arriba County
111 mi · 40,070 people
$1,014
-9%
Sandoval County
111 mi · 153,604 people
$1,384
+24%
Cibola County
112 mi · 26,845 people
$1,022
-8%
Los Alamos County
124 mi · 19,435 people
$1,874
+68%
Bernalillo County
142 mi · 673,930 people
$1,384
+24%
Taos County
144 mi · 34,543 people
$1,292
+16%
Santa Fe County
147 mi · 156,105 people
$1,735
+55%
Questions people ask
$1,116 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $850 for a studio, $855 for one bedroom, $1,545 for three and $1,673 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 San Juan actually go for?
HUD's number is one input. Search any address in San Juan for a rent estimate built from nearby comps. Free to start, no card.
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