FMR is below market; voucher rent may lag private rents.
0.70
1 BR
1 BR- 87004
0.72ratio
FMR$1,080
Market$1,510
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.72
2 BR
2 BR- 87004
0.71ratio
FMR$1,350
Market$1,910
vs market-$560
FMR is below market; voucher rent may lag private rents.
0.71
3 BR
3 BR- 87004
0.91ratio
FMR$1,860
Market$2,040
vs market-$180
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR- 87004
0.88ratio
FMR$2,190
Market$2,480
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.88
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Bernalillo, NM fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Bernalillo, NM is $1,350 a month. That is down 1.5% from $1,370 in FY 2026. Bernalillo is in the Albuquerque, NM MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,384. The median county two-bedroom FMR in New Mexico is $1,063, so Bernalillo is 27% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Bernalillo, NM
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$940
$950
+1.1%
$855–$1,045
1BR
$1,110
$1,080
−2.7%
$972–$1,188
2BR
$1,370
$1,350
−1.5%
$1,215–$1,485
3BR
$1,910
$1,860
−2.6%
$1,674–$2,046
4BR
$2,240
$2,190
−2.2%
$1,971–$2,409
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Bernalillo, NM
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$950
$1,080
$1,350
$1,860
$2,190
FY 2026
$940
$1,110
$1,370
$1,910
$2,240
FY 2025
$820
$980
$1,200
$1,680
$1,990
FY 2024
$690
$850
$1,030
$1,470
$1,760
FY 2023
$600
$740
$900
$1,280
$1,540
Questions about Bernalillo, NM rents
How much will Section 8 pay for a two-bedroom in Bernalillo, NM?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,384, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,246 to $1,522 a month; under the ZIP-level Small Area FMR of $1,350 it would be $1,215 to $1,485. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Bernalillo, NM in?
Bernalillo, NM is in the Albuquerque, NM MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,384.
How much did fair market rent change in Bernalillo, NM for FY 2027?
The two-bedroom FMR fell 1.5%, from $1,370 in FY 2026 to $1,350 in FY 2027. Since FY 2023 it has risen 50.0%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set