FMR is below market; voucher rent may lag private rents.
0.68
1 BR
1 BR- 87042
0.80ratio
FMR$1,250
Market$1,570
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.80
2 BR
2 BR- 87042
0.88ratio
FMR$1,550
Market$1,760
vs market-$210
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR- 87042
1.10ratio
FMR$2,130
Market$1,930
vs market+$200
FMR is above market; underwrite to market rent.
1.10
4 BR
4 BR- 87042
1.13ratio
FMR$2,510
Market$2,230
vs market+$280
FMR is above market; underwrite to market rent.
1.13
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
--
Peralta, NM fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Peralta, NM is $1,550 a month. That is up 14.8% from $1,350 in FY 2026. Peralta 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 Peralta is 46% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Peralta, NM
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$930
$1,090
+17.2%
$981–$1,199
1BR
$1,090
$1,250
+14.7%
$1,125–$1,375
2BR
$1,350
$1,550
+14.8%
$1,395–$1,705
3BR
$1,870
$2,130
+13.9%
$1,917–$2,343
4BR
$2,210
$2,510
+13.6%
$2,259–$2,761
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Peralta, NM
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,090
$1,250
$1,550
$2,130
$2,510
FY 2026
$930
$1,090
$1,350
$1,870
$2,210
FY 2025
$890
$1,060
$1,300
$1,820
$2,160
FY 2024
$830
$1,010
$1,230
$1,730
$2,080
FY 2023
$780
$960
$1,160
$1,650
$1,990
Questions about Peralta, NM rents
How much will Section 8 pay for a two-bedroom in Peralta, 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 $1,550 it would be $1,395 to $1,705. 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 Peralta, NM in?
Peralta, 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 Peralta, NM for FY 2027?
The two-bedroom FMR rose 14.8%, from $1,350 in FY 2026 to $1,550 in FY 2027. Since FY 2023 it has risen 33.6%.
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