FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR
0.92ratio
FMR$970
Market$1,050
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR
0.88ratio
FMR$1,070
Market$1,220
vs market-$150
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR
0.95ratio
FMR$1,460
Market$1,540
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR
1.02ratio
FMR$1,690
Market$1,650
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.02
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
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ZIP 88013 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 88013 (Las Cruces, NM) is $1,070 a month. That is up 2.9% from $1,040 in FY 2026. Las Cruces is in the Las Cruces, 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 $1,073. Among 27 ZIP codes in Dona Ana County, 88013 is tied for the 8th-highest two-bedroom rent (county range $1,010–$1,520).
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 88013
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$740
$790
+6.8%
$711–$869
1BR
$950
$970
+2.1%
$873–$1,067
2BR
$1,040
$1,070
+2.9%
$963–$1,177
3BR
$1,450
$1,460
+0.7%
$1,314–$1,606
4BR
$1,580
$1,690
+7.0%
$1,521–$1,859
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 88013
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$790
$970
$1,070
$1,460
$1,690
FY 2026
$740
$950
$1,040
$1,450
$1,580
FY 2025
$740
$940
$1,040
$1,450
$1,600
FY 2024
$740
$880
$990
$1,380
$1,560
FY 2023
$710
$770
$890
$1,260
$1,450
Two-bedroom rent in nearby Dona Ana County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 88013?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,073, which applies unless the housing authority uses Small Area FMRs, that basic range is $966 to $1,180 a month; under the ZIP-level Small Area FMR of $1,070 it would be $963 to $1,177. 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 88013 in?
ZIP 88013 is in the Las Cruces, NM MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,073.
How much did fair market rent change in ZIP 88013 for FY 2027?
The two-bedroom FMR rose 2.9%, from $1,040 in FY 2026 to $1,070 in FY 2027. Since FY 2023 it has risen 20.2%.
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