Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Farmington Fair Market Rent FY 2018 Farmington, NM MSA Rental Data

Fair Market Rent Prices in Farmington, NM :
$652 $656 $770 $979 $1,049
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Farmington are average compared to the national average. This FMR area is more expensive than 70% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Farmington is $770 per month.

The previous year, rent for a two-bedroom home was $780 per month. This is a 1.28% decrease year-over-year.

This FMR rate applies to Nageezi, NM, Sheep Springs, NM, Sanostee, NM, Navajo Dam, NM, Newcomb, NM, Blanco, NM, La Plata, NM, Waterflow, NM, Fruitland, NM, Flora Vista, NM and other cities within the region. The Metro Code or CBSA code for this region is METRO22140M22140.

Additionally, This Fair Market Rent (FMR) area Farmington, NM MSA spans one county or city in New Mexico which is listed in the table below. Estimated population of Farmington, NM MSA FMR area is 130,044 people based on latest Census data.

Compared to the rest of New Mexico, the Farmington FMR area is more expensive than 70% of the state.

New Mexico Rents Map

Click on the map to view more another region.

See Nationwide Map

What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Farmington. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Farmington

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 686
1-BR 1-Bedroom $ 690
2-BR 2-Bedroom $ 810
3-BR 3-Bedroom $ 1030
4-BR 4-Bedroom $ 1103
Change Year:

There is just one county (listed below) within the Farmington, NM MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Albuquerque - Santa Fe.

County / Region Est. Population
San Juan County, NM Metro 130,044
Zip Codes in Farmington, NM MSA

There are 17 unique zip codes in this Fair Market Rent (FMR) area:

87037, 87364, 87401, 87402, 87410, 87412, 87413, 87415, 87416, 87417, 87418, 87419, 87420, 87421, 87455, 87461 and 87499

Lookup Fair Market Rent by Zip Code
Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔