FMR is below market; voucher rent may lag private rents.
0.66
2 BR
2 BR
0.73ratio
FMR$1,860
Market$2,550
vs market-$690
FMR is below market; voucher rent may lag private rents.
0.73
3 BR
3 BR
0.81ratio
FMR$2,220
Market$2,750
vs market-$530
FMR is below market; voucher rent may lag private rents.
0.81
4 BR
4 BR
0.95ratio
FMR$3,110
Market$3,280
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.95
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
--
ZIP 87544 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 87544 (Los Alamos, NM) is $1,860 a month. That is up 7.5% from $1,730 in FY 2026. Los Alamos is in the Los Alamos County, NM 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 $1,874. Among 3 ZIP codes in Los Alamos County, 87544 has the highest two-bedroom rent (county range $1,570–$1,860). The median county two-bedroom FMR in New Mexico is $1,063, so ZIP 87544 is 75% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 87544
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,190
$1,300
+9.2%
$1,170–$1,430
1BR
$1,320
$1,420
+7.6%
$1,278–$1,562
2BR
$1,730
$1,860
+7.5%
$1,674–$2,046
3BR
$2,070
$2,220
+7.2%
$1,998–$2,442
4BR
$2,830
$3,110
+9.9%
$2,799–$3,421
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 87544
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,300
$1,420
$1,860
$2,220
$3,110
FY 2026
$1,190
$1,320
$1,730
$2,070
$2,830
FY 2025
$990
$1,100
$1,400
$1,890
$2,350
FY 2024
$1,000
$1,220
$1,480
$2,090
$2,500
FY 2023area FMR
$860
$936
$1,195
$1,598
$2,036
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Los Alamos County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 87544?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,874, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,687 to $2,061 a month; under the ZIP-level Small Area FMR of $1,860 it would be $1,674 to $2,046. 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 ZIP 87544 in?
ZIP 87544 is in the Los Alamos County, NM non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,874.
How much did fair market rent change in ZIP 87544 for FY 2027?
The two-bedroom FMR rose 7.5%, from $1,730 in FY 2026 to $1,860 in FY 2027. Since FY 2024 it has risen 25.7%.
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