County FMR · HUD FY2026
Sierra County Fair Market Rent
HUD's FY2026 Fair Market Rent for Sierra County, NM - 20% below the US average.
- $765
- 1-bedroom FMR
- $1,004
- 2-bedroom FMR
- +7.6%
- YoY change
- -20%
- vs US avg
The verdict
Sierra is the 15th cheapest of 33 counties in New Mexico by 2-bedroom FMR; rent here has climbed 7.6% since FY 2025, a modest shift relative to most counties.
- #15
- cheapest of 33 in New Mexico (2BR)
- -17%
- vs the state average
- $30,600
- income to afford it (30% rule)
- +7.6%
- YoY, FY2025→2026
Software Developers spend the smallest share of income on rent here (7.6%), while Fast Food and Counter Workers spend the most (32%); 13 of 15 common occupations here can afford a 1-bedroom at Fair Market Rent without exceeding the 30% threshold; nearby New Mexico counties range as much as 57% apart in 1-bedroom FMR, so the county line itself can matter for renters comparing options.
FY 2026 HUD Fair Market Rent for Sierra County, NM. Verify with HUD →
HUD sets the FY 2026 1-bedroom Fair Market Rent for Sierra County, New Mexico at $765 per month - the federal rental-assistance benchmark for this county. A 2-bedroom costs $1,004/mo and a studio is $692/mo. This is 20% lower than the national average of $959 and 17% below the New Mexico average of $927.
Rent increased7.6% from FY 2025 ($711), outpacing inflation. To afford rent here, a household needs at least $30,600/year based on the 30% affordability rule.
FY 2026 HUD Fair Market Rents in New Mexico. Population: 11,506. Population has held roughly steady over the past five years (+3.4%, Census ACS). That's faster than New Mexico's statewide growth of +1.1% over the same period.
What these rents mean for Sierra County
The Sierra County FMR area applies to all ZIP codes inside the county boundary, and New Mexico's housing authorities use it as the baseline for Section 8 Housing Choice Voucher payment standards. See how FMR is calculated for the full 40th-percentile methodology and payment-standard rules.
Sierra County's 1-bedroom rent runs 20% below the US average of $959 and 17% lower than the New Mexico state average of $927. Over the past year, 1-bedroom rent here shifted from$711 in FY 2025 to $765 in FY 2026 - a change of +7.6%, which outpaces typical consumer inflation.
At the FY 2026 1-bedroom FMR of $765, affording it under the 30%-of-income rule takes $30,600 per year (about $2,550/month) in household income, and a 2-bedroom at $1,004 pushes that threshold even higher. With a population of 11,506 and a county median household income of $37,840, the arithmetic here directly shapes which wage earners can rent without being cost-burdened.
Fair Market Rents (2026)
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:
Rent Burden Analysis
How much of household income goes to rent in Sierra County. The 30% threshold indicates cost burden.
How we calculate this
Rent burden = (FMR × 12) ÷ county median household income. Required income = (FMR × 12) ÷ 0.3, the federal 30%-of-gross-income rule HUD uses to define cost burden. Median household income is from the U.S. Census Bureau's American Community Survey; FMR is from HUD's FY2026 release. See methodology.
Sierra County 2-bedroom rent burden
Where Sierra sits among every US county
2-bedroom Fair Market Rent vs. all 3,145 HUD counties
$1,004 higher than 46% of 3,145 counties
Each bar is a $0.2K-wide band; taller bars hold more counties. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026
How Sierra compares on 1-bedroom rent
1-bedroom FMR vs other New Mexico counties
- Santa Fe
Santa Fe County
$1,390 1BR FMR / mo
- Bernalillo
Bernalillo County
$1,185 1BR FMR / mo
- Sandoval
Sandoval County
$1,185 1BR FMR / mo
- Valencia
Valencia County
$1,185 1BR FMR / mo
- Dona Ana
Dona Ana County
$951 1BR FMR / mo
- San Juan
San Juan County
$885 1BR FMR / mo
- Sierra
Sierra County
$765 1BR FMR / mo
What this shows Sierra is highlighted. Nearby New Mexico counties by 1-bedroom FMR, highest to lowest: Santa Fe County ($1,390), Bernalillo County ($1,185), Sandoval County ($1,185), Valencia County ($1,185), Dona Ana County ($951), San Juan County ($885), Sierra County (this county) ($765).
Can Common Jobs Afford Rent Here?
How a 1-bedroom at $765/mo compares to New Mexico salaries for popular occupations (BLS wage data, 30%-of-income rule).
| Occupation | NM Salary | Rent Burden | Verdict |
|---|---|---|---|
| Software Developers | $120,820 | 7.6% | Affordable |
| General & Operations Managers | $100,200 | 9.2% | Affordable |
| Registered Nurses | $88,260 | 10.4% | Affordable |
| Accountants & Auditors | $77,420 | 11.9% | Affordable |
| Elementary School Teachers | $65,510 | 14% | Affordable |
| Police & Sheriff's Patrol Officers | $63,340 | 14.5% | Affordable |
| Electricians | $56,890 | 16.1% | Affordable |
| Paralegals & Legal Assistants | $56,620 | 16.2% | Affordable |
| Heavy & Tractor-Trailer Truck Drivers | $48,360 | 19% | Affordable |
| Pharmacy Technicians | $44,970 | 20.4% | Affordable |
| Customer Service Representatives | $38,060 | 24.1% | Affordable |
| Janitors & Cleaners | $33,640 | 27.3% | Affordable |
| Retail Salespersons | $31,360 | 29.3% | Affordable |
| Teaching Assistants | $30,350 | 30.2% | Stretched |
| Fast Food & Counter Workers | $28,650 | 32% | Stretched |
Rent Trends (2020–2026)
7-year Fair Market Rent history for Sierra County. Shows how HUD rental rates have changed over time.
Over the 6-year span HUD has tracked for Sierra (FY 2020-2026), the 1-bedroom Fair Market Rent has risen 37.3% overall, from $557 to $765. The increases have been fairly steady year to year, with no single jump exceeding 10.4% (FY 2024).
| Year | Studio | 1 BR | 2 BR |
|---|---|---|---|
| FY 2026 ↑7.6% | $692 | $765 | $1,004 |
| FY 2025 ↑6.6% | $640 | $711 | $933 |
| FY 2024 ↑10.4% | $594 | $667 | $877 |
| FY 2023 ↑9.4% | $532 | $604 | $795 |
| FY 2022 ↓3.3% | $482 | $552 | $726 |
| FY 2021 ↑2.5% | $496 | $571 | $752 |
| FY 2020 | $493 | $557 | $733 |
Where Sierra County Ranks in New Mexico
Sierra County is not part of any federally-designated metropolitan or micropolitan statistical area -- an independent rental market not administratively tied to a larger urban core. By 2-bedroom FMR, it ranks #15 of 33 counties in New Mexico. Nearest by rank: Rio Arriba County ($973), Socorro County ($973), Union County ($973), Roosevelt County ($975), Cibola County ($993), Lincoln County ($999), Sierra County (this county) ($1,004), San Miguel County ($1,008), Catron County ($1,040), Harding County ($1,040), Dona Ana County ($1,042), Grant County ($1,048), Chaves County ($1,071).
Nearby Counties in New Mexico
Largest counties by population in New Mexico
Frequently Asked Questions
What is the average rent in Sierra County? ▼
How does Sierra County rent compare to the national average? ▼
What income do I need to afford rent in Sierra County? ▼
Is rent going up or down in Sierra County? ▼
Which jobs can afford rent in Sierra County? ▼
How much has rent changed in Sierra County over time? ▼
How does Fair Market Rent affect Section 8 vouchers in Sierra County? ▼
What does Fair Market Rent mean for Sierra County? ▼
What this means for renters
Treat Sierra's FY2026 Fair Market Rent as HUD's affordability benchmark, not a market quote.
- Budget to roughly 30% of income: the FY2026 1-bedroom FMR of $765 implies about $30,600/yr to rent without being cost-burdened. Run your numbers
- Compare this county against nearby metros and states before signing a lease. Compare areas
- See where it sits on the national rent map. View rankings
Fair Market Rent is HUD's 40th-percentile policy benchmark used to set Housing Choice Voucher payment standards. Actual asking rents in Sierra can run higher or lower, and HUD updates FMRs once a year. This page is informational and not financial or relocation advice.
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Census Bureau and HUD Fair Market Rents. Consult a qualified professional before making decisions based on this data.
Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.