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RentData.org Logo Lea County Fair Market Rent FY 2025 Lea County, NM Rental Data

Fair Market Rent Prices in Lea County, NM :
$806 $862 $1,131 $1,397 $1,599
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 Lea County are average compared to the national average. This FMR area is more expensive than 74% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lea County is $1,131 per month.

The previous year, rent for a two-bedroom home was $1,168 per month. This is a 3.17% decrease 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 New Mexico which is listed in the table below. Estimated population of Lea County, NM FMR area is 0 people based on latest Census data.

Compared to the rest of New Mexico, the Lea County FMR area is more expensive than 86% of the state.

New Mexico Rents Map

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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 $ 852
1-BR 1-Bedroom $ 912
2-BR 2-Bedroom $ 1196
3-BR 3-Bedroom $ 1477
4-BR 4-Bedroom $ 1690
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 0
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

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