Rent by ZIP · Valencia County
Rent in Belen, NM 87002
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,320 (+10% vs FY2026). Renters in this ZIP code pay a median $959 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $910 | $830 | +9.6% | $819–1,001 | – |
| 1 bedroom | $1,070 | $980 | +9.2% | $963–1,177 | $431 ±$145 |
| 2 bedrooms | $1,320 | $1,200 | +10% | $1,188–1,452 | $921 ±$53 |
| 3 bedrooms | $1,840 | $1,680 | +9.5% | $1,656–2,024 | $1,121 ±$73 |
| 4 bedrooms | $2,160 | $1,990 | +8.5% | $1,944–2,376 | – |
Small Area FMRs for the Albuquerque, NM MSA. This ZIP code is in more than one HUD area; figures are for the main one. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Albuquerque, NM MSA, 2 bedrooms: $1,384.
What renters pay in 87002
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 87001 | Algodones | $1,510 | – |
| 87004 | Bernalillo | $1,350 | $1,274 |
| 87005 | Bluewater | $1,040 | – |
| 87006 | Bosque | $1,320 | – |
| 87008 | Cedar Crest | $1,610 | $1,304 |
| 87010 | Cerrillos | $1,690 | – |
Fair Market Rents across Valencia County, NM · All NM counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.