Torrance County, NM: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,3842-bedroom FMR, FY2027

$1,1121-bedroom FMR, FY2027

$80,30080% income limit, family of 4 (FY2026)

$100,400Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Torrance County is $1,384 a month, down 5.5% from $1,464 in FY2026. Torrance County belongs to the Albuquerque, NM MSA FMR area, so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Torrance County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$977	$1,009	−3.2%	$880 – $1,074
1 bedroom	$1,112	$1,185	−6.2%	$1,001 – $1,223
2 bedrooms	$1,384	$1,464	−5.5%	$1,246 – $1,522
3 bedrooms	$1,902	$2,036	−6.6%	$1,712 – $2,092
4 bedrooms	$2,242	$2,399	−6.5%	$2,018 – $2,466

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Torrance County that is typically $1,246 to $1,522 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$60,656median income of renter households

$872Median gross rent, all units

17%Rent-to-income ratio (median rent ÷ median renter income)

34%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $60,656 can afford about $1,516 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,384 is $132 (8.7%) less than that. To rent a two-bedroom at the FMR, a household needs $55,360 a year under the 30% rule, or $49,824 under the common landlord rule that income must be three times the rent.

Torrance County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$872 ±$37
Median income of renter households	$60,656 ±$16,969
Renters paying 30% or more of income (cost-burdened)	34.1% ±9.3
Renters paying 50% or more (severely cost-burdened)	17.0% ±9.5
Renter households (where the share can be computed)	863

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$754	$872	+15.6%
Median renter household income	$22,148	$60,656	+173.9%
Renters paying 30%+ of income	55.8%	34.1%	−21.7 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $1,320 to $2,080 depending on the ZIP code.

All 87 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
87001	$1,070	$1,220	$1,510	$2,050	$2,390
87002	$910	$1,070	$1,320	$1,840	$2,160
87004	$950	$1,080	$1,350	$1,860	$2,190
87006	$910	$1,070	$1,320	$1,840	$2,160
87008	$1,120	$1,310	$1,610	$2,230	$2,610
87009	$910	$1,070	$1,320	$1,840	$2,160
87013	$1,050	$1,200	$1,490	$1,960	$2,270
87014	$910	$1,070	$1,320	$1,840	$2,160
87015	$1,140	$1,260	$1,520	$1,910	$2,160
87016	$910	$1,070	$1,320	$1,840	$2,160
87018	$980	$1,090	$1,360	$1,840	$2,160
87022	$910	$1,070	$1,320	$1,840	$2,160
87023	$910	$1,070	$1,320	$1,840	$2,160
87024	$910	$1,070	$1,320	$1,840	$2,160
87025	$1,030	$1,210	$1,500	$2,080	$2,450
87026	$1,010	$1,150	$1,430	$1,960	$2,310
87027	$1,050	$1,200	$1,490	$1,960	$2,270
87031	$970	$1,120	$1,380	$1,920	$2,260
87032	$910	$1,070	$1,320	$1,840	$2,160
87035	$1,140	$1,260	$1,520	$1,910	$2,160
87036	$910	$1,070	$1,320	$1,840	$2,160
87041	$910	$1,070	$1,320	$1,840	$2,160
87042	$1,090	$1,250	$1,550	$2,130	$2,510
87043	$1,470	$1,670	$2,080	$2,860	$3,370
87044	$990	$1,160	$1,440	$1,990	$2,340
87046	$960	$1,070	$1,320	$1,840	$2,160
87047	$1,140	$1,260	$1,520	$2,020	$2,370
87048	$1,060	$1,230	$1,520	$2,110	$2,480
87052	$910	$1,070	$1,320	$1,840	$2,160
87053	$910	$1,070	$1,320	$1,840	$2,160
87059	$910	$1,070	$1,320	$1,840	$2,160
87060	$970	$1,120	$1,380	$1,920	$2,260
87061	$910	$1,070	$1,320	$1,840	$2,160
87062	$910	$1,070	$1,320	$1,840	$2,160
87063	$910	$1,070	$1,320	$1,840	$2,160
87068	$910	$1,070	$1,320	$1,840	$2,160
87070	$910	$1,070	$1,320	$1,840	$2,160
87072	$970	$1,100	$1,370	$1,880	$2,210
87083	$1,260	$1,430	$1,780	$2,450	$2,880
87101	$960	$1,090	$1,360	$1,870	$2,200
87102	$910	$1,070	$1,320	$1,840	$2,160
87103	$960	$1,090	$1,360	$1,870	$2,200
87104	$940	$1,070	$1,330	$1,840	$2,160
87105	$910	$1,070	$1,320	$1,840	$2,160
87106	$910	$1,070	$1,320	$1,840	$2,160
87107	$910	$1,070	$1,320	$1,840	$2,160
87108	$910	$1,070	$1,320	$1,840	$2,160
87109	$1,070	$1,210	$1,510	$2,080	$2,450
87110	$980	$1,140	$1,410	$1,960	$2,310
87111	$1,240	$1,410	$1,760	$2,420	$2,850
87112	$950	$1,080	$1,340	$1,840	$2,170
87113	$1,350	$1,530	$1,910	$2,630	$3,090
87114	$1,100	$1,250	$1,560	$2,140	$2,530
87115	$960	$1,090	$1,360	$1,870	$2,200
87116	$1,470	$1,670	$2,080	$2,860	$3,370
87117	$990	$1,130	$1,410	$1,930	$2,280
87119	$960	$1,090	$1,360	$1,870	$2,200
87120	$1,200	$1,370	$1,700	$2,340	$2,750
87121	$1,150	$1,310	$1,630	$2,240	$2,640
87122	$1,470	$1,670	$2,080	$2,860	$3,370
87123	$910	$1,070	$1,320	$1,840	$2,160
87124	$1,190	$1,350	$1,680	$2,310	$2,720
87125	$960	$1,090	$1,360	$1,870	$2,200
87144	$1,400	$1,600	$1,990	$2,740	$3,220
87151	$1,150	$1,310	$1,630	$2,240	$2,640
87153	$960	$1,090	$1,360	$1,870	$2,200
87154	$960	$1,090	$1,360	$1,870	$2,200
87174	$1,210	$1,370	$1,710	$2,350	$2,770
87176	$960	$1,090	$1,360	$1,870	$2,200
87181	$960	$1,090	$1,360	$1,870	$2,200
87184	$960	$1,090	$1,360	$1,870	$2,200
87185	$960	$1,090	$1,360	$1,870	$2,200
87187	$960	$1,090	$1,360	$1,870	$2,200
87190	$960	$1,090	$1,360	$1,870	$2,200
87191	$960	$1,090	$1,360	$1,870	$2,200
87192	$960	$1,090	$1,360	$1,870	$2,200
87193	$960	$1,090	$1,360	$1,870	$2,200
87194	$960	$1,090	$1,360	$1,870	$2,200
87195	$960	$1,090	$1,360	$1,870	$2,200
87196	$960	$1,090	$1,360	$1,870	$2,200
87197	$960	$1,090	$1,360	$1,870	$2,200
87198	$960	$1,090	$1,360	$1,870	$2,200
87199	$960	$1,090	$1,360	$1,870	$2,200
87528	$910	$1,070	$1,320	$1,840	$2,160
87544	$1,300	$1,420	$1,860	$2,220	$3,110
88318	$910	$1,070	$1,320	$1,840	$2,160
88321	$910	$1,070	$1,320	$1,840	$2,160

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Torrance County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $100,400 (FY2025: $91,400, +9.8%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$21,100 +9.9%	$24,100 +9.8%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$35,150 +9.8%	$40,200 +9.8%	$45,200 +9.8%	$50,200 +9.8%	$54,250 +9.8%	$58,250 +9.8%	$62,250 +9.8%	$66,300 +9.9%
Low income (80%)	$56,250 +9.9%	$64,250 +9.8%	$72,300 +9.9%	$80,300 +9.8%	$86,750 +9.9%	$93,150 +9.8%	$99,600 +9.9%	$106,000 +9.8%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.