Fair Market Rents: San Miguel County, NM (FY2026)
HUD's FY2026 Fair Market Rents for San Miguel County set the ceiling for what Housing Choice Vouchers pay locally. FMR equals the estimated 40th-percentile gross rent — shelter plus utilities — for modest, non-luxury units.
| Unit size | FY2026 FMR | NM median* |
|---|---|---|
| Studio (0-BR) | $783/mo | $752 (+4%) |
| 1 Bedroom | $920/mo | $885 (+4%) |
| 2 Bedrooms | $1,008/mo | $1,040 (-3%) |
| 3 Bedrooms | $1,402/mo | $1,396 (0%) |
| 4+ Bedrooms | $1,626/mo | $1,619 (0%) |
*Median across all FMR-publishing counties in NM. Source: HUD FY2026 FMR schedule.
Using FMR as a voucher holder in San Miguel County
- Your housing authority sets payment standards per bedroom, typically 90–110% of these figures. How payment standards work →
- You may rent above the standard by paying the difference, subject to a 40%-of-income cap at lease-up.
- In high-cost pockets, ask about exception standards or Small Area FMRs by ZIP code.
Subsidized housing in San Miguel County
We track 12 assisted properties countywide:
| City | Properties | Assisted units |
|---|---|---|
| Las Vegas | 11 | 635 |