Rental Benchmark Overview
2-Bedroom Benchmark Rent
$999$11,988 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Lincoln County, NM
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Lincoln 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 | $815 | $9,780 | $32,600 | $15.67/hr |
| 1-Bedroom Apartment | $820 | $9,840 | $32,800 | $15.77/hr |
| 2-Bedroom ApartmentStandard Benchmark | $999 | $11,988 | $39,960 | $19.21/hr |
| 3-Bedroom Home | $1,305 | $15,660 | $52,200 | $25.10/hr |
| 4-Bedroom Home | $1,611 | $19,332 | $64,440 | $30.98/hr |
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Frequently Asked Questions About Rent in Lincoln County, NM
What is the Fair Market Rent for a 2-bedroom in Lincoln County, NM?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Lincoln County, NM is $999 per month ($11,988 per year).
What hourly wage is needed to afford rent in Lincoln County, NM?
To comfortably afford a 2-bedroom apartment at $999/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.21 per hour ($39,960/year).
What are the HUD Fair Market Rents by bedroom count in Lincoln County, NM?
Official 2026 HUD rents in Lincoln County, NM are: Studio: $815/mo, 1-Bedroom: $820/mo, 2-Bedroom: $999/mo, 3-Bedroom: $1,305/mo, and 4-Bedroom: $1,611/mo.
How do HUD Fair Market Rents compare to local incomes in Lincoln County, NM?
At the local Census ACS median household income of $53,303/year ($4,442/month), the benchmark 2-bedroom Fair Market Rent represents 22.5% of monthly income.
How is the 30% housing affordability standard calculated in Lincoln County, NM?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $999/month, the required minimum annual gross income is calculated as ($999 × 12) ÷ 0.30 = $39,960 per year.