Albuquerque, New Mexico Affordable Housing
Waiting Lists in Albuquerque, New Mexico
There are no open Section 8 Housing Choice Voucher waiting lists in Albuquerque. Go to the New Mexico Section 8 Waiting Lists page for openings near Albuquerque.
Finding Affordable Housing in Albuquerque, New Mexico
There are 93,605 low-income apartments in Albuquerque that offer reduced rents to eligible households.
Rental assistance programs support 2,966 low-income homes in Albuquerque where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $318 towards rent each month.
Casa Feliz Apartments
Luminaria Senior Community
La Vida Nueva Apartments
Sun Pointe Park Apartments
Affordable Housing Near Albuquerque
View affordable apartments and waiting lists in cities near Albuquerque
| City | Apartments |
|---|---|
| Rio Rancho, NM | Affordable Housing programs support 3 apartment communities in Rio Rancho. |
| Los Ranchos, NM | Affordable Housing programs support 2 apartment communities in Los Ranchos. |
| North Valley, NM | Affordable Housing programs support 1 apartment communities in North Valley. |
Public Housing Agencies Serving Albuquerque, 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.
Waiting lists for project-based assistance, like the Public Housing program, are open:
- The Commons at Martineztown Apartments is currently open for new applications.
- Generations at West Mesa is currently open for new applications.
- Luminaria is currently open for new applications.
- Harper is currently open for new applications.
- Broadway and McKnight Apartments is currently open for new applications.
| Housing Authority | Programs |
|---|---|
| Bernalillo County Housing Department | Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH); Family Unification Program (FUP) |
| Albuquerque Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD) |
Albuquerque, New Mexico Affordable Housing Data
Income Based Apartments in Albuquerque, New Mexico
Albuquerque features 2,966 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 Albuquerque, New Mexico
There are 93,605 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Albuquerque.
Housing Choice Vouchers in Albuquerque, New Mexico
On average, Section 8 Housing Choice vouchers pay Albuquerque landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Albuquerque.
The maximum amount a voucher would pay on behalf of a low-income tenant in Albuquerque, New Mexico for a two-bedroom apartment is between $1,030 and $1,258.
2023 Albuquerque, New Mexico Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Albuquerque, New Mexico Fair Market Rent | $765 | $942 | $1,144 | $1,626 | $1,949 |
| Albuquerque, New Mexico Payment Standard Range | $689 to $842 | $848 to $1,036 | $1,030 to $1,258 | $1,463 to $1,789 | $1,754 to $2,144 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Albuquerque, NM Affordable Housing Snapshot
| Total Affordable Apartment Properties | 97 |
|---|---|
| Total Low Income Apartments | 96,630 |
| Total Housing Units with Rental Assistance | 2,966 |
| Percentage of Housing Units Occupied By Renters | 40.9% |
| Average Renter Household Size | 2.32 |
| Average Household Size | 2.48 |
| Median Household Income | $47,030 ±$776 |
| Median Rent | $799 ±$10 |
| Percentage Of Renters Overburdened | 50.04% ± 1.43pp |
| Total Population | 556,092 |
Population and Household Demographics
Albuquerque is a city in Bernalillo County, New Mexico with a population of 556,092. There are 222,098 households in the city with an average household size of 2.48 persons. 40.9% of households in Albuquerque are renters.
Income and Rent Overburden in Albuquerque
The median gross income for households in Albuquerque is $47,030 a year, or $3,919 a month. The median rent for the city is $799 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Albuquerque, a household making less than $2,663 a month would be considered overburdened when renting an apartment at or above the median rent. 50.04% of households who rent are overburdened in Albuquerque.
Area Median Income In Albuquerque
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Albuquerque, the AMI is calculated from all households within Bernalillo County.
In Albuquerque, HUD calculates the Area Median Income for a family of four as $77,100
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Albuquerque
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Albuquerque
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Albuquerque AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$15,900 | $18,310 | $23,030 | $27,750 | $32,470 | $37,190 | $41,910 | $46,630 |
| 50% AMI Income Limits Renters earning up to 50% of the Albuquerque AMI may qualify for rental assistance programs that target Very Low Income households. |
$26,450 | $30,200 | $34,000 | $37,750 | $40,800 | $43,800 | $46,850 | $49,850 |
| 80% AMI Income Limits Renters earning up to 80% of the Albuquerque AMI may qualify for rental assistance programs that target Low Income households. |
$42,300 | $48,350 | $54,400 | $60,400 | $65,250 | $70,100 | $74,900 | $79,750 |
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