Section 8 Fair Market Rent (FMR) for ZIP 87421 - 2027

Location: Farmington, NM | Metro: Farmington, NM MSA

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$900
1 Bedroom$900
2 Bedrooms$1,180
3 Bedrooms$1,630
4 Bedrooms$1,760
5 Bedrooms$2,042
6 Bedrooms$2,287
7 Bedrooms$2,470
8 Bedrooms$2,594

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
1,468
Median Household Income
$51,029
Housing Units
633
Renter Percentage
28.1%
Occupancy Rate
73.6%
Renter Occupied
131
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Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.