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Rent Prices in Hernandez, NM
Median gross rent (rent plus utilities) by number of bedrooms. American Community Survey 2020-2024 5-year estimates.
- Median rent
- $894/mo
- New Mexico $1,067/mo
- Renters paying 30%+ of income
- 43.6%
- New Mexico 50.2%
- Renter households
- 163
- New Mexico 251,477
Hernandez has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Median rent by number of bedrooms
Gross rent: contract rent plus utilities
| Bedrooms | Median rent |
|---|---|
| Studio (no bedroom) | Not reported |
| 1 bedroom | $771/mo |
| 2 bedrooms | Not reported |
| 3 bedrooms | $1,375/mo |
| 4 bedrooms | Not reported |
| 5 or more bedrooms | Not reported |
Rent as a share of income
Renter households where the share could be computed
- Pay 30% or more of income2443.6%
- Pay 50% or more of income1018.2%
The median renter household spends 28.7% of its income on rent.
HUD Fair Market Rent, fiscal year 2027
Rio Arriba County, NM
2 bedrooms: $1,014/mo. HUD Fair Market Rent is used for housing assistance and is not an asking rent.
How it compares
Swipe the table sideways to see more columns.
| Area | Median rent | 1 bedroom | 2 bedrooms | 3 bedrooms | Renters paying 30%+ of income |
|---|---|---|---|---|---|
| Hernandez, NM | $894/mo | $771/mo | Not reported | $1,375/mo | 43.6% |
| Rio Arriba County | $740/mo | $386/mo | $681/mo | $944/mo | 34.4% |
| New Mexico | $1,067/mo | $887/mo | $1,062/mo | $1,281/mo | 50.2% |
| United States | $1,413/mo | $1,235/mo | $1,407/mo | $1,584/mo | 51.1% |
Frequently asked questions
- What is the median rent in Hernandez, NM?
- The median gross rent in Hernandez, NM is $894 a month.
- How does Hernandez compare with New Mexico?
- The median rent in Hernandez is $894/mo, compared with $1,067/mo for New Mexico as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates