Otero County, NM

2024 Fair Market Rents

Tags: 2024 40th percentile New Mexico

Return to the state page to see where New Mexico ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Otero County are Alamogordo, Tularosa, Mescalero, and Holloman Air Force Base. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Otero County use?

No Small Area Fair Market Rents were created by the HUD for this county/Metro FMR Area therefore Otero County uses 40th percentile Fair Market Rents.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Otero County compare?

Otero County ($877) has a 11.3% lower FMR for 2-Bedroom housing than the average of New Mexico ($989) and therefore has a lower gross rent.

Otero County is rank 16th out of 33 counties. This means the FMRs, or in other words, the gross rent is higher than 17 other counties. Otero County is the 16th most expensive county in terms of FMRs.

Rent Tables Otero County, NM

Fair Market Rent (40th Percentile)

$609
studio
$722
1-Bedroom
$877
2-Bedroom
$1,236
3-Bedroom
$1,488
4-Bedroom

Median Rent (50th Percentile)

$618
studio
$734
1-Bedroom
$891
2-Bedroom
$1,256
3-Bedroom
$1,512
4-Bedroom

Fair Market Rents on this page apply to the following cities in Otero County, New Mexico: Alamogordo, Tularosa, Mescalero, Holloman Air Force Base, La Luz, Cloudcroft, High Rolls Mountain Park, Bent, Orogrande, Sacramento, Sunspot, Timberon, and Weed.

These Fair Market Rents also apply to the following ZIP codes in Otero County, New Mexico: 88310, 88352, 88340, 88330, 88337, 88311, 88317, 88325, 88314, 88342, 88347, 88349, 88350, and 88354.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.