FMR is below market; voucher rent may lag private rents.
0.61
1 BR
1 BR- 87031
0.70ratio
FMR$1,120
Market$1,610
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.70
2 BR
2 BR- 87031
0.81ratio
FMR$1,380
Market$1,710
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.81
3 BR
3 BR- 87031
1.04ratio
FMR$1,920
Market$1,850
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR- 87031
1.01ratio
FMR$2,260
Market$2,230
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.01
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
--
Los Lunas, NM fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Los Lunas, NM is $1,380 a month. That is down 9.8% from $1,530 in FY 2026. Los Lunas 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 Los Lunas is 30% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Los Lunas, NM
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,050
$970
−7.6%
$873–$1,067
1BR
$1,240
$1,120
−9.7%
$1,008–$1,232
2BR
$1,530
$1,380
−9.8%
$1,242–$1,518
3BR
$2,130
$1,920
−9.9%
$1,728–$2,112
4BR
$2,510
$2,260
−10.0%
$2,034–$2,486
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Los Lunas, NM
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$970
$1,120
$1,380
$1,920
$2,260
FY 2026
$1,050
$1,240
$1,530
$2,130
$2,510
FY 2025
$970
$1,150
$1,410
$1,980
$2,340
FY 2024
$890
$1,090
$1,320
$1,860
$2,230
FY 2023
$800
$980
$1,190
$1,690
$2,030
Questions about Los Lunas, NM rents
How much will Section 8 pay for a two-bedroom in Los Lunas, 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 $1,380 it would be $1,242 to $1,518. 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 Los Lunas, NM in?
Los Lunas, 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 Los Lunas, NM for FY 2027?
The two-bedroom FMR fell 9.8%, from $1,530 in FY 2026 to $1,380 in FY 2027. Since FY 2023 it has risen 16.0%.
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