What HUD offices serve Belen, New Mexico?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the New Mexico Public Housing and Low-Income Apartments Waiting Lists page for openings near Belen.
How many renters live in Belen, New Mexico?
The City of Belen has 7,367 people living in 2,684 households.
There are 2,231 renters living in 783 renter households in this City. Renters make up 30.28 percent of the population living in Belen.
What is the rental market like in Belen, New Mexico?
There are an estimated 3,179 housing units in the Belen area. Of these, 865 units are rental homes, making up 27 percent of the housing market. For every renter household in Belen, New Mexico, there are 1 rental units.
What is the vacancy rate for rentals in Belen?
The rental vacancy rate in Belen is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Belen for each bedroom size?
Occupied Rental Units by Size in Belen
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 49 | 82 | 351 | 270 | 20 |
Occupied Rental Units by Size in Belen
A large number of apartments in Belen have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Belen are overburdened by housing costs?
Among renter households in this market, 48 percent have housing cost burden. Further, 16 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Belen
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $828 to $2,064. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $828 |
| One BR | $1,005 |
| Two BR | $1,222 |
| Three BR | $1,722 |
| Four BR | $2,064 |
2024 Fair Market Rents in Belen, New Mexico
How many units are rented at Fair Market Rent (FMR) in Belen?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 49 | 100 percent |
| One BR | 82 | 100 percent |
| Two BR | 328 | 93 percent |
Rental Units Below FMR in Belen, New Mexico
How many affordable rental units are in Belen?
There are a variety of federal affordable housing programs serving households in Belen, New Mexico including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 98 |
| Section 8 Project-Based Rental Assistance | 95 |
| Section 202 Supportive Housing for the Elderly | 1 |
| USDA Section 515 Rural Rental Housing | 121 |
Tracked Units by Federal Program in Belen, New Mexico
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Belen, New Mexico
Belen features 191 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Belen, New Mexico
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Belen.
Housing Choice Vouchers in Belen, New Mexico
On average, Section 8 Housing Choice vouchers pay Belen landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Belen.
The maximum amount a voucher would pay on behalf of a low-income tenant in Belen, New Mexico for a two-bedroom apartment is between $1,100 and $1,344.
Sourced from federal housing data and AffordableHousingOnline.com research.
