Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Lea County Fair Market Rent FY 2020 Lea County, NM Rental Data

Fair Market Rent Prices in Lea County, NM :
$717 $722 $951 $1,239 $1,434
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Lea County are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lea County is $951 per month.

The previous year, rent for a two-bedroom home was $942 per month. This is a 0.96% increase year-over-year.

This FMR rate applies to Crossroads, NM, Caprock, NM, Mcdonald, NM, Maljamar, NM, Monument, NM, Tatum, NM, Jal, NM, Eunice, NM, Lovington, NM, Hobbs, NM and other cities within the region. The Metro Code or CBSA code for this region is NCNTY35025N35025.

Additionally, This Fair Market Rent (FMR) area Lea County, NM spans one county or city in which is listed in the table below. Estimated population of Lea County, NM FMR area is 69,505 people based on latest Census data.

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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 Lea County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lea County

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 $ 773
1-BR 1-Bedroom $ 778
2-BR 2-Bedroom $ 1025
3-BR 3-Bedroom $ 1335
4-BR 4-Bedroom $ 1546
Change Year:

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

County / Region Est. Population
Lea County, NM 69,505
Zip Codes in Lea County, NM

There are 12 unique zip codes in this Fair Market Rent (FMR) area:

88114, 88213, 88231, 88240, 88241, 88242, 88252, 88260, 88262, 88264, 88265 and 88267

Lookup Fair Market Rent by Zip Code
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