The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Santa Fe, NM MSA, NM

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in Santa Fe, NM MSA, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $1,054 to a high of $1,288, with an average of $1,171.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,185, a maximum of $1,449, and an average of $1,317.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,382, peaking at a maximum of $1,689, and averaging at $1,535.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,764, a maximum of $2,156, and an average of $1,960.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,840 to a maximum of $2,248, with an average of $2,044.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

To apply for Section 8 housing, you can check your income against the Santa Fe, NM MSA Housing Choice voucher income limit to determine your eligibility.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year Area HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Santa Fe, NM MSA, NM Low Rent (90%) $1,054 $1,185 $1,382 $1,764 $1,840
Average Rent $1,171 $1,317 $1,535 $1,960 $2,044
High Rent(110%) $1,288 $1,449 $1,689 $2,156 $2,248
2023 Santa Fe, NM MSA, NM Low Rent (90%) $857 $978 $1,124 $1,437 $1,598
Average Rent $952 $1,087 $1,249 $1,597 $1,775
High Rent (110%) $1,047 $1,196 $1,374 $1,757 $1,953
2022 Santa Fe, NM MSA, NM Low Rent (90%) $758 $878 $1,002 $1,277 $1,556
Average Rent $842 $975 $1,113 $1,419 $1,729
High Rent(110%) $926 $1,073 $1,224 $1,561 $1,902
2021 Santa Fe, NM MSA, NM Low Rent (90%) $724 $846 $964 $1,227 $1,414
Average Rent $804 $940 $1,071 $1,363 $1,571
High Rent (110%) $884 $1,034 $1,178 $1,499 $1,728
2020 Santa Fe, NM MSA, NM Low Rent (90%) $722 $835 $951 $1,238 $1,381
Average Rent $802 $928 $1,057 $1,376 $1,534
High Rent(110%) $882 $1,021 $1,163 $1,514 $1,687
2019 Santa Fe, NM MSA, NM Low Rent (90%) $736 $835 $962 $1,265 $1,396
Average Rent $818 $928 $1,069 $1,406 $1,551
High Rent (110%) $900 $1,021 $1,176 $1,547 $1,706
2018 Santa Fe, NM MSA, NM Low Rent (90%) $697 $769 $905 $1,201 $1,304
Average Rent $774 $854 $1,006 $1,334 $1,449
High Rent(110%) $851 $939 $1,107 $1,467 $1,594
2017 Santa Fe, NM MSA, NM Low Rent (90%) $725 $790 $943 $1,253 $1,329
Average Rent $806 $878 $1,048 $1,392 $1,477
High Rent (110%) $887 $966 $1,153 $1,531 $1,625


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