Rental Housing In New Mexico

New Mexico Rental Overview

The population of New Mexico, according to the 2010 Census, is 2,059,179. The total number of households in the state is 791,395. The average household size for New Mexico is 2.4. The total number of renter households in the state is 249,273 which means that 31.5% of households are renter households. Compared to all other U.S. States, New Mexico is ranked 34th in percentage of renters. District Of Columbia is ranked first with 57.99% and West Virginia ranks last with only 26.55%.

According to the Census Bureau’s American Community Survey, the median rent paid among all renter households and housing types and sizes in New Mexico is $744 per month. Ranked against all other states in the country, New Mexico ranks 33rd for the highest median rent. Hawaii ranks first at $1,353 and West Virginia ranks last at $606. Though rents are set more locally, statewide median rents provide a basic outlook of housing costs for each state.

The number of vacant rental units in New Mexico is 21,122 representing a vacancy rate of 7.8%. Among all U.S. states, New Mexico ranks 32nd for the lowest vacancy rates. New York ranks first with a vacancy rate of 4.5% and South Carolina ranks last with a vacancy rate of 12.9%. As lower vacancy rates are an indication of a healthier rental housing portfolio, New Mexico’s rental housing portfolio is performing at the National average.

ProgramProjectsUnits
Project Based Section 8 86 5,034
Section 202 42 1,378
Section 811 20 249
Section 515 102 3,879
RDRA 95 3,097
LIHTC 199 11,929
Senior 71 2,600
Public Housing 28 1,815
Section 8 Voucher 41 14,620
Total 377 20,622
Note: The total does not necessarily equal the sum of each program as some properties may participate in multiple funding programs.

‡This program is not project based, instead Housing Authorities provide vouchers to individual renters. In the state of New Mexico there are 41 independent Housing Authorities that may issue these vouchers.

The average number of units per property for affordable rentals in New Mexico is 54.70. The largest market for federally assisted housing in the state is Albuquerque at 6,536 units and the smallest is Luis Lopez at 1 unit(s). 71 apartment properties provide housing for seniors containing 2,600 units. Of the 20,622 units, 9,758 units include some form of rental assistance (like Section 8) to make rent more affordable for very low income families.

Affordable Housing by Counties in New Mexico ranked by federally assisted units

There are 29 counties or county equivalents in New Mexico. The county or county equivalent with the largest population is Bernalillo County at 662,564 and the smallest is Union County at 4,549. The county or county equivalent with the largest percentage of renter households is Roosevelt County at 40.73% and The county or county equivalent with lowest portion of renters is Sandoval County at 19%.

The density of Federal housing assistance at the county level in New Mexico ranges from a low of 29.2 units per 1,000 renter households in Otero County to a high of 343.7 units per 1,000 renter households in Grant County. The average Federal housing assistance density for all counties in New Mexico is 153.1 units per 1,000 renter households.

The table below summarizes the Federally assisted housing located in each county in New Mexico. All major affordable housing programs are provided on a county by county basis. Click on the name of the county to see a more in depth summary of affordable housing in that county.

CountyTotal Units
Bernalillo County 6,742
Santa Fe County 2,301
Dona Ana County 2,210
San Juan County 986
McKinley County 865
Lea County 598
Luna County 598
Valencia County 574
Sandoval County 563
Eddy County 556
San Miguel County 503
Chaves County 469
Curry County 453
Cibola County 398
Grant County 315
Roosevelt County 304
Socorro County 294
Rio Arriba County 265
Taos County 254
Lincoln County 247
Otero County 230
Sierra County 210
Quay County 164
Los Alamos County 137
Guadalupe County 136
Colfax County 109
Hidalgo County 28
Torrance County 28
Union County 25

Affordable Housing by City in New Mexico ranked by federally assisted units

We are tracking 66 cities in New Mexico that have at least one Federally assisted housing community. With a population of 545,852, Albuquerque has the largest population of these cities. There are 85 Federally assisted housing communities in Albuquerque which are home to about 6,536 families, most of which are lower income families.

The table below provides a summary of all Federally assisted housing communities by city in New Mexico. All the major affordable housing funding program breakdowns are provided. Click on the city name to get a full affordable rental housing report for each city in New Mexico.

CityTotal Units
Albuquerque 6,536
Santa Fe 2,231
Las Cruces 1,078
Gallup 841
Deming 550
Las Vegas 503
Hobbs 474
Farmington 466
Roswell 449
Clovis 433
Rio Rancho 432
Anthony 385
Grants 359
Los Lunas 346
Carlsbad 330
Santa Teresa 321
Portales 304
Socorro 277
Silver City 266
Shiprock 252
Espanola 248
Taos 238
Sunland Park 236
Belen 228
Artesia 214
Truth Or Consequences 210
Hatch 190
Los Ranchos 166
Alamogordo 160
Aztec 148
Tucumcari 141
Los Alamos 137
Santa Rosa 136
Ruidoso 131
Lovington 124
Bloomfield 120
Ruidoso Downs 108
Bernalillo 95
Raton 85
Navajo 60
Tularosa 50
Central 49
Columbus 48
San Juan Pueblo 40
Albuuerque 40
Laguna 39
Lordsburg 28
Moriarty 28
Alcalde 27
Clayton 25
Angel Fire 24
Texico 20
Santo Domingo Pueblo 20
Pojoaque 20
Hagerman 20
Cloudcroft 20
San Jon 16
Magdalena 16
Picuris Pueblo 16
Cuba 16
Loving 12
Tohatchi 12
Crownpoint 12
Carrizozo 8
Logan 7
Luis Lopez 1

Housing Authorities in New Mexico ranked by assisted units and vouchers

Housing authorities are governmental (or quasi-governmental) entities that manage various Federal housing assistance programs on behalf of the Department of Housing and Urban Development (HUD). These programs include Public Housing, Section 8 Housing Choice Vouchers and other programs.

There are 41 housing authorities in New Mexico. These housing authorities own and operate an aggregate of public housing units and administer Section 8 rental vouchers. Of the 41 housing authorities, 41.5% have both a public housing and Section 8 program.

The largest housing authority in New Mexico by total housing assistance units managed is Albuquerque Housing Authority with 5,111 public housing units under management (952 public housing units and 4,159 Section 8 vouchers).

The table below provides a list of housing authorities in New Mexico and includes each housing authorities public housing and Section 8 voucher count. Click on the housing authority name to get more details on the housing authority.

NamePublic Housing UnitsSection 8 Vouchers
Albuquerque Housing Authority 952 4,159
Bernalillo County Housing Department 21 2,101
Eastern Regional Housing Authority 104 1,892
Housing Authority of the City of Las Cruces 248 1,607
Santa Fe Civic Housing Authority 563 1,145
Western Regional Housing Authority 54 911
Clovis Housing And Redevelopment Agency, Inc. 131 608
Housing Authority of the County of Taos 167 448
Housing Authority of the County of Santa Fe 199 276
Housing Authority of the County of Socorro - 440
Housing Authority of the County of San Juan - 340
Housing Authority of the City of Gallup 267 63
Housing Authority of the City of Truth Or Consequences 100 190
Housing Authority of the City of Las Vegas 284 -
Housing Authority of the City of Tucumcari 90 140
Housing Authority of the City of Alamogordo 221 -
Housing Authority of San Miguel County - 177
Housing Authority of the City of Raton 156 -
Housing Authority of the City of Artesia 136 -
Housing Authority of the Town of Mountainair - 136
Housing Authority of the City of Grants 20 98
Housing Authority of the City of Lordsburg 100 -
Housing Authority of the County of Rio Arriba 53 25
Town of Bernalillo Dept of Housing Services 76 -
Housing Authority of the Town of Bayard 70 -
Housing Authority of the Town of Springer 56 -
Housing Authority of the City of Lovington 50 -
Housing Authority of the Town of Clayton 50 -
Housing Authority of the Village of Fort Sumner 47 -
Housing Authority of the City of Sunland Park 40 -
Housing Authority of the Village of Chama 38 -
Housing Authority of the County of San Miguel 34 -
Santa Clara Housing Authority 32 -
Housing Authority of the Village of Pecos 31 -
Housing Authority of the Village of Cuba 28 -
Housing Authority of the Village of Maxwell 22 -
Housing Authority of the City of Eunice 20 -
Housing Authority of the Village of Wagon Mound 18 -
Housing Authority of the Village of Cimarron 16 -
Housing Authority of the County of Dona Ana 5 -
Housing Authority of the Village of Los Lunas - -

Federally Assisted Affordable Rental Housing

According to our affordable housing data, New Mexico has a total of 377 rental properties that receive at least one form of Federal housing assistance and are at least partially reserved for low income persons. These properties contain an estimated 20,622 rental housing units. (Note: Some of the Federal source data we use does not include total unit count for a property -- most notably the LIHTC database -- so the number of units listed here may be less than the actual.)

The Low Income Housing Tax Credit Program is the largest assistance program by unit count. The program assists 11,929 in New Mexico. The charts below lay out how each Federal program impact affordable housing in New Mexico.

Federal Programs By Unit Count Hover over a bar to view

2,059,179

Population

2.4

Average Household Size

605,097

Total Renters

249,273

Renter Households

$744

Median Rent

$2,169,024,000/year

Gross Rent Paid By All Renters

21,122

Vacant Units For Rent

7.8%

Vacancy Rate

20,622

Federally Assisted Units

377

Federally Assisted Projects

199/11,929

Tax Credit Projects/Units

86/5,034

Project Based Section 8 Projects/Units

102/3,879

Section 515 Projects/Units

42/1,378

Section 202 Projects/Units

20/249

Section 811 Projects/Units

95/3,097

RD Rental Assisted Projects/Units

71/2,600

Senior Projects/Units

9,758

Units with Project Based Rent Subsidy

54.7

Average Units Per Property