What HUD offices serve Pecos, 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 Pecos.
How many renters live in Pecos, New Mexico?
The City of Pecos has 885 people living in 386 households.
There are 287 renters living in 111 renter households in this City. Renters make up 32.43 percent of the population living in Pecos.
What is the rental market like in Pecos, New Mexico?
There are an estimated 467 housing units in the Pecos area. Of these, 111 units are rental homes, making up 24 percent of the housing market. For every renter household in Pecos, New Mexico, there are 1 rental units.
What is the vacancy rate for rentals in Pecos?
The rental vacancy rate in Pecos is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Pecos for each bedroom size?
Occupied Rental Units by Size in Pecos
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 13 | 34 | 50 | 14 | 0 |
Occupied Rental Units by Size in Pecos
A large number of apartments in Pecos 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 Pecos are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 10 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 Pecos
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $703 to $1,384. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $703 |
| One BR | $781 |
| Two BR | $877 |
| Three BR | $1,186 |
| Four BR | $1,384 |
2024 Fair Market Rents in Pecos, New Mexico
How many units are rented at Fair Market Rent (FMR) in Pecos?
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 | 0 | 100 percent |
| One BR | 12 | 35 percent |
| Two BR | 22 | 44 percent |
Rental Units Below FMR in Pecos, New Mexico
How many affordable rental units are in Pecos?
There are a variety of federal affordable housing programs serving households in Pecos, New Mexico including the following:
| Federal Program | Unit Count |
| Public Housing | 31 |
Tracked Units by Federal Program in Pecos, New Mexico
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Pecos, New Mexico
Pecos features 31 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 Pecos, New Mexico
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pecos.
Housing Choice Vouchers in Pecos, New Mexico
On average, Section 8 Housing Choice vouchers pay Pecos landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Pecos.
The maximum amount a voucher would pay on behalf of a low-income tenant in Pecos, New Mexico for a two-bedroom apartment is between $789 and $965.
Sourced from federal housing data and AffordableHousingOnline.com research.
