FMR is below market; voucher rent may lag private rents.
0.67
1 BR
1 BR- 87015
0.75ratio
FMR$1,260
Market$1,690
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.75
2 BR
2 BR- 87015
0.84ratio
FMR$1,520
Market$1,800
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.84
3 BR
3 BR- 87015
1.01ratio
FMR$1,910
Market$1,900
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
4 BR
4 BR- 87015
1.05ratio
FMR$2,160
Market$2,050
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.05
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
--
Edgewood, NM fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Edgewood, NM is $1,520 a month. That is unchanged from FY 2026. Edgewood 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 Edgewood is 43% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Edgewood, NM
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,120
$1,140
+1.8%
$1,026–$1,254
1BR
$1,250
$1,260
+0.8%
$1,134–$1,386
2BR
$1,520
$1,520
0.0%
$1,368–$1,672
3BR
$1,990
$1,910
−4.0%
$1,719–$2,101
4BR
$2,190
$2,160
−1.4%
$1,944–$2,376
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Edgewood, NM
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,140
$1,260
$1,520
$1,910
$2,160
FY 2026
$1,120
$1,250
$1,520
$1,990
$2,190
FY 2025
$1,170
$1,330
$1,590
$2,090
$2,300
FY 2024
$1,060
$1,220
$1,450
$1,910
$2,100
FY 2023
$890
$1,040
$1,220
$1,620
$1,860
Questions about Edgewood, NM rents
How much will Section 8 pay for a two-bedroom in Edgewood, 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 $1,520 it would be $1,368 to $1,672. 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 Edgewood, NM in?
Edgewood, 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 Edgewood, NM for FY 2027?
The two-bedroom FMR was unchanged at $1,520 in FY 2027. Since FY 2023 it has risen 24.6%.
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