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Home/NM/Lea County

Lea County, NM

CountySAFMR
Found 13 ZIPs
Zillow

County Median Investment Score

117Above average

095130300
BRFMR
Eff. Rent
0 BR$960 – $1,390$960 – $1,530
1 BR$970 – $1,400$970 – $1,540
2 BR$1,200 – $1,660$1,200 – $1,790
3 BR$1,480 – $2,090$1,480 – $2,150
4 BR$1,650 – $2,280$1,650 – $2,260
5 BR$2,105Not available
6 BR$2,420Not available
7 BR$2,783Not available
8 BR$3,201Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1
1
0.59-0.74
1 BR
1
1
0.67-0.82
2 BR
1
1
0.72-0.89
3 BR
1
1
0.77-0.96
4 BR
1
1
0.73-1.01
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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Lea County, NM fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 13 ZIP codes in Lea County, NM ranges from $1,200 to $1,660 a month, with a median of $1,330. That is up 0.8% from $1,320 in FY 2026. Lea County is its own non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,327. The median county two-bedroom FMR in New Mexico is $1,063, so Lea County is 25% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Lea County, NM
BedroomsFY 2027Change90–110% range
Studio$1,110+4.7%$999–$1,221
1BR$1,120+4.7%$1,008–$1,232
2BR$1,330+0.8%$1,197–$1,463
3BR$1,670+1.8%$1,503–$1,837
4BR$1,830+0.5%$1,647–$2,013

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Lea County, NM
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,110$1,120$1,330$1,670$1,830
FY 2026$1,060$1,070$1,320$1,640$1,820
FY 2025$800$860$1,130$1,400$1,600
FY 2024area FMR$801$889$1,168$1,487$1,642
FY 2023area FMR$688$776$1,021$1,319$1,463

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
88242$1,660+24.8%
88231$1,350+1.5%
88265$1,340+0.8%
88114$1,3300.0%
88213$1,3300.0%
88240$1,3300.0%
88241$1,3300.0%
88244$1,3300.0%
88252$1,280−3.8%
88260$1,240−6.8%
88262$1,240−6.8%
88264$1,240−6.8%
88267$1,200−9.8%

Questions about Lea County, NM rents

How much will Section 8 pay for a two-bedroom in Lea County, NM?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,327, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,194 to $1,460 a month; under the ZIP-level Small Area FMR of $1,330 it would be $1,197 to $1,463. 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 Lea County, NM in?

Lea County, NM is its own non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,327.

How much did fair market rent change in Lea County, NM for FY 2027?

The two-bedroom FMR rose 0.8%, from $1,320 in FY 2026 to $1,330 in FY 2027. Since FY 2025 it has risen 17.7%.

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

NM statewide rentsWhat is SAFMR?Data sources