FMR is near market; voucher and private rents are aligned.
0.96
1 BR
1 BR- 87415
0.95ratio
FMR$1,200
Market$1,260
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR- 87415
0.99ratio
FMR$1,470
Market$1,490
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
3 BR
3 BR- 87415
1.20ratio
FMR$2,050
Market$1,710
vs market+$340
FMR is above market; underwrite to market rent.
1.20
4 BR
4 BR- 87415
1.20ratio
FMR$2,210
Market$1,840
vs market+$370
FMR is above market; underwrite to market rent.
1.20
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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Flora Vista, NM fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Flora Vista, NM is $1,470 a month. That is down 9.8% from $1,630 in FY 2026. Flora Vista is in the Farmington, 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 $1,116. The median county two-bedroom FMR in New Mexico is $1,063, so Flora Vista is 38% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Flora Vista, NM
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,320
$1,190
−9.8%
$1,071–$1,309
1BR
$1,330
$1,200
−9.8%
$1,080–$1,320
2BR
$1,630
$1,470
−9.8%
$1,323–$1,617
3BR
$2,270
$2,050
−9.7%
$1,845–$2,255
4BR
$2,450
$2,210
−9.8%
$1,989–$2,431
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Flora Vista, NM
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,190
$1,200
$1,470
$2,050
$2,210
FY 2026
$1,320
$1,330
$1,630
$2,270
$2,450
FY 2025
$1,260
$1,280
$1,550
$2,170
$2,360
FY 2024
$1,270
$1,270
$1,520
$2,140
$2,290
FY 2023
$860
$880
$1,040
$1,460
$1,590
Questions about Flora Vista, NM rents
How much will Section 8 pay for a two-bedroom in Flora Vista, NM?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,116, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,004 to $1,228 a month; under the ZIP-level Small Area FMR of $1,470 it would be $1,323 to $1,617. 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 Flora Vista, NM in?
Flora Vista, NM is in the Farmington, NM MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,116.
How much did fair market rent change in Flora Vista, NM for FY 2027?
The two-bedroom FMR fell 9.8%, from $1,630 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 41.3%.
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