Sierra County
FY 2026 HUD Fair Market Rents in New Mexico. Population: 11,506.
Fair Market Rents (2026)
Studio
National avg: $893
$692/mo
↑ 8.1% YoY
-23% vs US
1 Bedroom
National avg: $959
$765/mo
↑ 7.6% YoY
-20% vs US
2 Bedroom
National avg: $1,175
$1,004/mo
↑ 7.6% YoY
-15% vs US
3 Bedroom
National avg: $1,525
$1,396/mo
↑ 6.8% YoY
-8% vs US
4 Bedroom
National avg: $1,756
$1,619/mo
↑ 4.5% YoY
-8% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $640 | $692 | +$52 (+8.1%) |
| 1 Bedroom | $711 | $765 | +$54 (+7.6%) |
| 2 Bedroom | $933 | $1,004 | +$71 (+7.6%) |
| 3 Bedroom | $1,307 | $1,396 | +$89 (+6.8%) |
| 4 Bedroom | $1,549 | $1,619 | +$70 (+4.5%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$30,600
$2,550/month gross
Required annual income for 2 BR
$40,160
$3,347/month gross
Other Counties in New Mexico
Los Alamos County
1 BR: $1,326/mo
Luna County
1 BR: $783/mo
Bernalillo County
1 BR: $1,185/mo
Dona Ana County
1 BR: $951/mo
De Baca County
1 BR: $798/mo
Otero County
1 BR: $792/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.