Affordable Housing In Artesia
Eddy County, New Mexico

5 Low Income Apartment Communities In Artesia

Roselawn Apartments

1004 S Roselawn Ave
Artesia, New Mexico
Call For Rent
1-3 BR
Subsidized
62+
Accessible
Elderly Supportive Housing

Eagle Creek Apartments

302 N 4th St
Artesia, New Mexico
Subsidized

618 N 7th St

618 N 7th St
Artesia, New Mexico

Artesia Properties

1601 W Centre Ave
Artesia, New Mexico
Subsidized

Penasco Apartments

501 South 20th St
Artesia, New Mexico
  • «
  • 1
  • »

Section 8 Vouchers, Apartments, and Waiting Lists in Artesia, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Artesia, New Mexico

Housing Authority Programs
Housing Authority of the City of Artesia Public Housing
Eastern Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Artesia, New Mexico

There are 5 low income housing apartment communities offering 326 affordable apartments for rent in Artesia, New Mexico.

Income Based Apartments in Artesia, New Mexico

Artesia features 326 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 Artesia, New Mexico

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Artesia.

Housing Choice Vouchers in Artesia, New Mexico

On average, Section 8 Housing Choice vouchers pay Artesia landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Artesia.

The maximum amount a voucher would pay on behalf of a low-income tenant in Artesia, New Mexico for a two-bedroom apartment is between $832 and $1,016.

2022 Artesia, 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
Artesia, New Mexico Fair Market Rent $758 $763 $924 $1,322 $1,599
Artesia, New Mexico Payment Standard Range $682 to $834 $687 to $839 $832 to $1,016 $1,190 to $1,454 $1,439 to $1,759

Sourced from federal housing data and AffordableHousingOnline.com research.

Artesia, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 326
Total Housing Units with Rental Assistance 326
Percentage of Housing Units Occupied By Renters 30.56%
Average Renter Household Size 2.62
Average Household Size 2.63
Median Household Income $50,701 ±$6,267
Median Rent $681 ±$95
Percentage Of Renters Overburdened 22.36% ± 10.65pp
Total Population 11,641

Population and Household Demographics

Artesia is a city in Eddy County, New Mexico with a population of 11,641. There are 4,404 households in the city with an average household size of 2.63 persons. 30.56% of households in Artesia are renters.

Income and Rent Overburden in Artesia

The median gross income for households in Artesia is $50,701 a year, or $4,225 a month. The median rent for the city is $681 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Artesia, a household making less than $2,270 a month would be considered overburdened when renting an apartment at or above the median rent. 22.36% of households who rent are overburdened in Artesia.

Area Median Income In Artesia

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 Artesia, the AMI is calculated from all households within Eddy County.

In Artesia, HUD calculates the Area Median Income for a family of four as $72,900

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 Artesia

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 Artesia

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 Artesia AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,300 $17,500 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Artesia AMI may qualify for rental assistance programs that target Very Low Income households.
$25,550 $29,200 $32,850 $36,450 $39,400 $42,300 $45,200 $48,150
80% AMI Income Limits
Renters earning up to 80% of the Artesia AMI may qualify for rental assistance programs that target Low Income households.
$40,850 $46,650 $52,500 $58,300 $63,000 $67,650 $72,300 $77,000