FISCAL YEAR 2008
FINAL FAIR MARKET RENTS
FOR EXISTING HOUSING

The following tables represent the Fair Market Rents (FMRs) for the state of New Mexico in selected Metropolitan and Nonmetropolitan Statistical Areas. Larger tables have been broken into screen-sized chunks to allow easy header viewing. These statistics were taken from Schedule B of the Federal document Proposed Fair Market Rents for Fiscal Year 2008 for the Housing Choice Voucher Program and Moderate Rehabilitation Single Room Occupancy Program. The following abbreviations will be used:

 

FMR=Fair Market Rent
0 BR=Efficiency Apartment
1 BR=One Bedroom Apartment
2 BR=Two Bedroom Apartment/Duplex
3 BR=Three Bedroom Duplex/House
4 BR=Four Bedroom House
MSA=Metropolitan Statistical Area
PMSA=Primary Metropolitan Statistical Area

 

New Mexico

 

METROPOLITAN FMR AREAS LIVING WAGE ($/hour) FAIR MARKET RENT ($/month)
0 BR 1 BR 0 BR 1 BR 2 BR 3 BR 4 BR
Albuquerque, NM MSA $9.83 $11.58 511 602 760 1107 1327
Farmington, NM MSA $8.75 $9.25 455 481 579 765 863
Las Cruces, NM MSA $8.42 $9.10 438 473 527 727 807
Santa Fe, NM MSA $11.27 $13.98 586 727 884 1157 1383



 

NONMETROPOLITAN COUNTIES LIVING WAGE ($/hour) FAIR MARKET RENT ($/month)
0 BR 1 BR 0 BR 1 BR 2 BR 3 BR 4 BR
Catron County, NM $6.83 $7.69 355 400 479 698 719
Chaves County, NM $7.35 $7.38 382 384 490 641 661
Cibola County, NM $7.67 $8.27 399 430 479 696 756
Colfax County, NM $8.13 $8.71 423 453 509 642 668
Curry County, NM $7.67 $7.94 399 413 479 649 843
De Baca County, NM $7.65 $7.88 398 410 479 646 787
Eddy County, NM $6.13 $7.85 319 408 479 643 781
Grant County, NM $7.37 $8.54 383 444 504 710 730
Guadalupe County, NM $9.02 $9.13 469 475 566 711 741
Harding County, NM $7.65 $7.88 398 410 479 646 787
Hidalgo County, NM $6.83 $7.69 355 400 479 698 719
Lea County, NM $7.63 $8.31 397 432 479 630 663
Lincoln County, NM $7.19 $9.04 374 470 573 721 1007
Los Alamos County, NM $11.46 $13.35 596 694 911 1093 1126
Luna County, NM $7.65 $8.31 398 432 479 611 733
McKinley County, NM $7.25 $8.52 377 443 583 697 902
Mora County, NM $9.02 $9.13 469 475 566 711 741
Otero County, NM $7.04 $8.33 366 433 479 700 843
Quay County, NM $7.65 $7.88 398 410 479 646 787
Rio Arriba County, NM $8.21 $8.37 427 435 514 665 738
Roosevelt County, NM $7.63 $7.85 397 408 479 664 821
San Miguel County, NM $7.71 $8.31 401 432 532 707 821
Sierra County, NM $5.96 $7.42 310 386 479 700 842
Socorro County, NM $7.67 $7.67 399 399 479 574 813
Taos County, NM $10.94 $11.90 569 619 685 820 845
Union County, NM $7.65 $7.88 398 410 479 646 787



 

Note: The FMRs for unit sizes larger than 4 BRs are calculated by adding 15% to the 4 BR FMR for each extra bedroom.      12110
* 50TH percentile FMRs are indicated by an * before the HUD Metro FMR name.

 

 

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