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NM/Bernalillo County/Rio Rancho

Rio Rancho, NM

CitySAFMR
Bernalillo County
Found 3 ZIPs
Zillow

City Median Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$1,190 – $1,400$940 – $1,540
1 BR$1,350 – $1,600$1,140 – $1,640
2 BR$1,680 – $1,990$1,490 – $1,690
3 BR$2,310 – $2,740$1,930 – $1,990
4 BR$2,720 – $3,220$2,150 – $2,380
5 BR$3,185Not available
6 BR$3,663Not available
7 BR$4,213Not available
8 BR$4,845Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1
1
1
0.73-1.29
1 BR
1
1
1
0.85-1.20
2 BR
1
1
1
0.99-1.18
3 BR
1
1
1
1.20-1.38
4 BR
1
1
1
1.14-1.50
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Rio Rancho, NM fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 3 ZIP codes in Rio Rancho, NM ranges from $1,680 to $1,990 a month, with a median of $1,710. That is down 4.5% from $1,790 in FY 2026. Rio Rancho 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 Rio Rancho is 61% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Rio Rancho, NM
BedroomsFY 2027Change90–110% range
Studio$1,210−1.6%$1,089–$1,331
1BR$1,370−5.5%$1,233–$1,507
2BR$1,710−4.5%$1,539–$1,881
3BR$2,350−5.6%$2,115–$2,585
4BR$2,770−5.5%$2,493–$3,047

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Rio Rancho, NM
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,210$1,370$1,710$2,350$2,770
FY 2026$1,230$1,450$1,790$2,490$2,930
FY 2025$1,100$1,310$1,610$2,260$2,670
FY 2024$1,000$1,220$1,480$2,090$2,500
FY 2023$940$1,150$1,400$1,990$2,380

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
87144$1,990+16.4%
87174$1,7100.0%
87124$1,680−1.8%

Questions about Rio Rancho, NM rents

How much will Section 8 pay for a two-bedroom in Rio Rancho, 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 $1,710 it would be $1,539 to $1,881. 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 Rio Rancho, NM in?

Rio Rancho, 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 Rio Rancho, NM for FY 2027?

The two-bedroom FMR fell 4.5%, from $1,790 in FY 2026 to $1,710 in FY 2027. Since FY 2023 it has risen 22.1%.

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

County fair market rentNM statewide rentsWhat is SAFMR?Data sources