Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Cochiti Lake, NM fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Cochiti Lake, NM is $1,780 a month. That is down 6.8% from $1,910 in FY 2026. Cochiti Lake 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 Cochiti Lake is 67% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Cochiti Lake, NM
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,320
$1,260
−4.5%
$1,134–$1,386
1BR
$1,550
$1,430
−7.7%
$1,287–$1,573
2BR
$1,910
$1,780
−6.8%
$1,602–$1,958
3BR
$2,660
$2,450
−7.9%
$2,205–$2,695
4BR
$3,130
$2,880
−8.0%
$2,592–$3,168
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Cochiti Lake, NM
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,260
$1,430
$1,780
$2,450
$2,880
FY 2026
$1,320
$1,550
$1,910
$2,660
$3,130
FY 2025
$1,220
$1,450
$1,780
$2,490
$2,950
FY 2024
$1,140
$1,380
$1,680
$2,370
$2,840
FY 2023
$1,060
$1,300
$1,580
$2,250
$2,690
Questions about Cochiti Lake, NM rents
How much will Section 8 pay for a two-bedroom in Cochiti Lake, 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 $1,780 it would be $1,602 to $1,958. 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 Cochiti Lake, NM in?
Cochiti Lake, 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 Cochiti Lake, NM for FY 2027?
The two-bedroom FMR fell 6.8%, from $1,910 in FY 2026 to $1,780 in FY 2027. Since FY 2023 it has risen 12.7%.
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