Fair Market Rent · New Mexico
Fair Market Rent in Santa Fe 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 Santa Fe County is $1,735 a month, +3% from FY2026. Santa Fe County is part of the Santa Fe, NM MSA (a metro 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 | $1,260 | $1,259 | +0.1% | $1,134–1,386 |
| 1 bedroom | $1,413 | $1,390 | +1.7% | $1,272–1,554 |
| 2 bedrooms | $1,735 | $1,685 | +3% | $1,562–1,909 |
| 3 bedrooms | $2,134 | $2,122 | +0.6% | $1,921–2,347 |
| 4 bedrooms | $2,280 | $2,231 | +2.2% | $2,052–2,508 |
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 Santa Fe 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 |
|---|---|---|---|---|
| 87010 | Cerrillos | $1,690 | – | $1,409 |
| 87015 | Edgewood | $1,520 | $599 | $950 |
| 87056 | Stanley | $1,740 | – | – |
| 87501 | Santa Fe | $1,960 | $1,900 | $1,635 |
| 87505 | Santa Fe | $1,780 | $1,561 | $1,384 |
| 87506 | Santa Fe | $1,570 | $1,246 | $1,117 |
| 87507 | Santa Fe | $1,590 | $1,496 | $1,412 |
| 87508 | Santa Fe | $2,020 | $1,755 | $1,623 |
| 87522 | Chimayo | $1,520 | $832 | $873 |
| 87535 | Glorieta | $1,720 | – | $1,325 |
| 87540 | Lamy | $1,900 | – | $1,039 |
| 87567 | Santa Cruz | $1,520 | $2,000 | $1,138 |
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.