Fair Market Rent · New Mexico
Fair Market Rent in Lea County, NM
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in Lea County is $1,327 a month, +0.2% from FY2026. Lea County is part of the Lea County, NM (a non-metro county area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $1,111 | $1,062 | +4.6% | $1,000–1,222 |
| 1 bedroom | $1,117 | $1,068 | +4.6% | $1,005–1,229 |
| 2 bedrooms | $1,327 | $1,324 | +0.2% | $1,194–1,460 |
| 3 bedrooms | $1,670 | $1,641 | +1.8% | $1,503–1,837 |
| 4 bedrooms | $1,823 | $1,829 | -0.3% | $1,641–2,005 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in Lea County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 88114 | Crossroads | $1,330 | – | – |
| 88231 | Eunice | $1,350 | $687 | $721 |
| 88240 | Hobbs | $1,330 | $1,031 | $1,100 |
| 88242 | Hobbs | $1,660 | $1,620 | $1,534 |
| 88244 | Hobbs | $1,330 | – | – |
| 88252 | Jal | $1,280 | – | $1,318 |
| 88260 | Lovington | $1,240 | $980 | $1,024 |
| 88262 | Mcdonald | $1,240 | – | – |
| 88264 | Maljamar | $1,240 | – | – |
| 88265 | Monument | $1,340 | – | – |
| 88267 | Tatum | $1,200 | $943 | $948 |
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.