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RentData.org Logo Otero County Fair Market Rent FY 2020 Otero County, NM Rental Data

Fair Market Rent Prices in Otero County, NM :
$609 $627 $714 $1,030 $1,254
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Non-Metro

Fair Market Rent prices in Otero County are average compared to the national average. This FMR area is more expensive than 69% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Otero County is $714 per month.

The previous year, rent for a two-bedroom home was $717 per month. This is a 0.42% decrease year-over-year.

This FMR rate applies to Orogrande, NM, Bent, NM, Sacramento, NM, Sunspot, NM, Timberon, NM, Weed, NM, High Rolls Mountain Park, NM, Cloudcroft, NM, La Luz, NM, Holloman Air Force Base, NM and other cities within the region. The Metro Code or CBSA code for this region is NCNTY35035N35035.

Additionally, This Fair Market Rent (FMR) area Otero County, NM spans one county or city in New Mexico which is listed in the table below. Estimated population of Otero County, NM FMR area is 0 people based on 2000 Census data.

Compared to the rest of New Mexico, the Otero County FMR area is more expensive than 51% of the state.

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

Median Rent Prices in Otero 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 $ 617
1-BR 1-Bedroom $ 635
2-BR 2-Bedroom $ 723
3-BR 3-Bedroom $ 1043
4-BR 4-Bedroom $ 1269
Change Year:

There is just one county (listed below) within the Otero 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
Otero County, NM 0
Zip Codes in Otero County, NM

There are 14 unique zip codes in this Fair Market Rent (FMR) area:

88310, 88311, 88314, 88317, 88325, 88330, 88337, 88340, 88342, 88347, 88349, 88350, 88352 and 88354

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