FMR is below market; voucher rent may lag private rents.
0.62
1 BR
1 BR- 88081
0.75ratio
FMR$890
Market$1,180
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.75
2 BR
2 BR- 88081
0.73ratio
FMR$1,010
Market$1,380
vs market-$370
FMR is below market; voucher rent may lag private rents.
0.73
3 BR
3 BR- 88081
0.85ratio
FMR$1,410
Market$1,650
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.85
4 BR
4 BR- 88081
0.81ratio
FMR$1,670
Market$2,070
vs market-$400
FMR is below market; voucher rent may lag private rents.
0.81
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
--
Chaparral, NM fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Chaparral, NM is $1,010 a month. That is up 4.1% from $970 in FY 2026. Chaparral is in the Otero County, NM non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,014. The median county two-bedroom FMR in New Mexico is $1,063, so Chaparral is 5% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Chaparral, NM
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$680
$720
+5.9%
$648–$792
1BR
$850
$890
+4.7%
$801–$979
2BR
$970
$1,010
+4.1%
$909–$1,111
3BR
$1,350
$1,410
+4.4%
$1,269–$1,551
4BR
$1,570
$1,670
+6.4%
$1,503–$1,837
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Chaparral, NM
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$720
$890
$1,010
$1,410
$1,670
FY 2026
$680
$850
$970
$1,350
$1,570
FY 2025
$670
$800
$930
$1,300
$1,510
FY 2024
$670
$800
$900
$1,260
$1,420
FY 2023
$660
$710
$820
$1,170
$1,340
Questions about Chaparral, NM rents
How much will Section 8 pay for a two-bedroom in Chaparral, NM?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,010 it would be $909 to $1,111. 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 Chaparral, NM in?
Chaparral, NM is in the Otero County, NM non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.
How much did fair market rent change in Chaparral, NM for FY 2027?
The two-bedroom FMR rose 4.1%, from $970 in FY 2026 to $1,010 in FY 2027. Since FY 2023 it has risen 23.2%.
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