87592
ZIPSAFMR
Santa Fe County, NM
BRFMR
Eff. Rent
0 BR$1,260$1,260
1 BR$1,390$1,390
2 BR$1,690$1,690
3 BR$2,130$2,130
4 BR$2,240$2,240
5 BR$2,576
6 BR$2,962
7 BR$3,407
8 BR$3,918

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
0.42ratio
FMR$1,260
Market$3,000
vs market-$1,740

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.42
1 BR
1 BR
0.46ratio
FMR$1,390
Market$3,020
vs market-$1,630

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.46
2 BR
2 BR
0.54ratio
FMR$1,690
Market$3,150
vs market-$1,460

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.54
3 BR
3 BR
0.64ratio
FMR$2,130
Market$3,320
vs market-$1,190

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.64
4 BR
4 BR
0.65ratio
FMR$2,240
Market$3,440
vs market-$1,200

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.65
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for all bedroom sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$189,217
Rent
$1,690
Down payment
$37,843
Loan
$151,373
Mortgage
$957
Expenses
$533
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 87592 (NM) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.