What HUD offices serve Truth Or Consequences, 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 Truth Or Consequences.
How many renters live in Truth Or Consequences, New Mexico?
The City of Truth Or Consequences has 6,030 people living in 2,545 households.
There are 2,369 renters living in 966 renter households in this City. Renters make up 39.29 percent of the population living in Truth Or Consequences.
What is the rental market like in Truth Or Consequences, New Mexico?
There are an estimated 3,514 housing units in the Truth Or Consequences area. Of these, 1,075 units are rental homes, making up 31 percent of the housing market. For every renter household in Truth Or Consequences, New Mexico, there are 1 rental units.
What is the vacancy rate for rentals in Truth Or Consequences?
The rental vacancy rate in Truth Or Consequences is 10 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 Truth Or Consequences for each bedroom size?
Occupied Rental Units by Size in Truth Or Consequences
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 20 | 273 | 470 | 184 | 19 |
Occupied Rental Units by Size in Truth Or Consequences
A large number of apartments in Truth Or Consequences 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 Truth Or Consequences are overburdened by housing costs?
Among renter households in this market, 39 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 Truth Or Consequences
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $594 to $1,488. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $594 |
| One BR | $667 |
| Two BR | $877 |
| Three BR | $1,236 |
| Four BR | $1,488 |
2024 Fair Market Rents in Truth Or Consequences, New Mexico
How many units are rented at Fair Market Rent (FMR) in Truth Or Consequences?
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 | 13 | 65 percent |
| One BR | 207 | 76 percent |
| Two BR | 218 | 46 percent |
Rental Units Below FMR in Truth Or Consequences, New Mexico
How many affordable rental units are in Truth Or Consequences?
There are a variety of federal affordable housing programs serving households in Truth Or Consequences, New Mexico including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 73 |
| Public Housing | 85 |
| Section 8 Project-Based Rental Assistance | 123 |
| USDA Section 515 Rural Rental Housing | 94 |
Tracked Units by Federal Program in Truth Or Consequences, New Mexico
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Truth Or Consequences, New Mexico
Truth Or Consequences features 310 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 Truth Or Consequences, New Mexico
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Truth Or Consequences.
Housing Choice Vouchers in Truth Or Consequences, New Mexico
On average, Section 8 Housing Choice vouchers pay Truth Or Consequences landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Truth Or Consequences.
The maximum amount a voucher would pay on behalf of a low-income tenant in Truth Or Consequences, New Mexico for a two-bedroom apartment is between $789 and $965.
Sourced from federal housing data and AffordableHousingOnline.com research.
