Rent by ZIP · Sierra County
Rent in Elephant Butte, NM 87935
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,400 (-1.4% vs FY2026). Renters in this ZIP code pay a median $1,111 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $970 | $980 | -1% | $873–1,067 | – |
| 1 bedroom | $1,080 | $1,080 | 0% | $972–1,188 | – |
| 2 bedrooms | $1,400 | $1,420 | -1.4% | $1,260–1,540 | – |
| 3 bedrooms | $1,940 | $1,970 | -1.5% | $1,746–2,134 | $1,177 ±$303 |
| 4 bedrooms | $2,200 | $2,290 | -3.9% | $1,980–2,420 | – |
Small Area FMRs for the Sierra County, NM. 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 Sierra County, NM, 2 bedrooms: $1,014.
What renters pay in 87935
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 |
|---|---|---|---|
| 87937 | Hatch | $1,010 | $568 |
| 87931 | Caballo | $1,010 | – |
| 87940 | Rincon | $1,110 | – |
| 87941 | Salem | $1,070 | – |
| 87942 | Williamsburg | $1,010 | – |
| 87901 | Truth Or Consequences | $1,010 | $838 |
Fair Market Rents across Sierra 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.