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RentData.org Logo Chaves County Fair Market Rent FY 2010 Chaves County, NM Rental Data

Fair Market Rent Prices in Chaves County, NM :
$418 $420 $536 $701 $723
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 Chaves County are very low compared to the national average. This FMR area is less expensive than 92% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Chaves County is $536 per month.

The previous year, rent for a two-bedroom home was $514 per month. This is a 4.28% increase year-over-year.

This FMR rate applies to Elida, NM, Hope, NM, Mayhill, NM, Pinon, NM, Lake Arthur, NM, Hagerman, NM, Dexter, NM, Roswell, NM and other cities within the region. The Metro Code or CBSA code for this region is NCNTY35005N35005.

Additionally, This Fair Market Rent (FMR) area Chaves County, NM spans one county or city in New Mexico which is listed in the table below. Estimated population of Chaves County, NM FMR area is 61,382 people based on latest Census data.

Compared to the rest of New Mexico, the Chaves County FMR area is less expensive than 100% 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 Chaves County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Chaves 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 $ 460
1-BR 1-Bedroom $ 461
2-BR 2-Bedroom $ 575
3-BR 3-Bedroom $ 747
4-BR 4-Bedroom $ 771
Change Year:

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

County / Region Est. Population
Chaves County, NM 61,382
Zip Codes in Chaves County, NM

There are 10 unique zip codes in this Fair Market Rent (FMR) area:

88116, 88201, 88202, 88203, 88230, 88232, 88250, 88253, 88339 and 88344

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