Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,040$12,480 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Harding County, NM
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Harding County, NM
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $773 | $9,276 | $30,920 | $14.87/hr |
| 1-Bedroom Apartment | $853 | $10,236 | $34,120 | $16.40/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,040 | $12,480 | $41,600 | $20.00/hr |
| 3-Bedroom Home | $1,424 | $17,088 | $56,960 | $27.38/hr |
| 4-Bedroom Home | $1,677 | $20,124 | $67,080 | $32.25/hr |
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Frequently Asked Questions About Rent in Harding County, NM
What is the Fair Market Rent for a 2-bedroom in Harding County, NM?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Harding County, NM is $1,040 per month ($12,480 per year).
What hourly wage is needed to afford rent in Harding County, NM?
To comfortably afford a 2-bedroom apartment at $1,040/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.00 per hour ($41,600/year).
What are the HUD Fair Market Rents by bedroom count in Harding County, NM?
Official 2026 HUD rents in Harding County, NM are: Studio: $773/mo, 1-Bedroom: $853/mo, 2-Bedroom: $1,040/mo, 3-Bedroom: $1,424/mo, and 4-Bedroom: $1,677/mo.
How do HUD Fair Market Rents compare to local incomes in Harding County, NM?
At the local Census ACS median household income of $48,553/year ($4,046/month), the benchmark 2-bedroom Fair Market Rent represents 25.7% of monthly income.
How is the 30% housing affordability standard calculated in Harding County, NM?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,040/month, the required minimum annual gross income is calculated as ($1,040 × 12) ÷ 0.30 = $41,600 per year.