What HUD offices serve Bernalillo County, 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 Bernalillo County.
How many renters live in Bernalillo County, New Mexico?
The County of Bernalillo County has 672,508 people living in 286,424 households.
There are 194,784 renters living in 96,939 renter households in this County. Renters make up 28.96 percent of the population living in Bernalillo County.
What is the rental market like in Bernalillo County, New Mexico?
There are an estimated 302,768 housing units in the Bernalillo County area. Of these, 102,625 units are rental homes, making up 34 percent of the housing market. For every renter household in Bernalillo County, New Mexico, there are 1 rental units.
What is the vacancy rate for rentals in Bernalillo County?
The rental vacancy rate in Bernalillo County is 5 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 Bernalillo County for each bedroom size?
Occupied Rental Units by Size in Bernalillo County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 7,434 | 27,277 | 37,118 | 20,766 | 3,971 |
Occupied Rental Units by Size in Bernalillo County
A large number of apartments in Bernalillo County 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 Bernalillo County are overburdened by housing costs?
Among renter households in this market, 51 percent have housing cost burden. Further, 28 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 Bernalillo County
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 Bernalillo County, New Mexico
How many units are rented at Fair Market Rent (FMR) in Bernalillo County?
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 | 3,590 | 48 percent |
| One BR | 17,581 | 64 percent |
| Two BR | 21,779 | 59 percent |
Rental Units Below FMR in Bernalillo County, New Mexico
How many affordable rental units are in Bernalillo County?
There are a variety of federal affordable housing programs serving households in Bernalillo County, New Mexico including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 7,144 |
| Public Housing | 760 |
| Section 8 Project-Based Rental Assistance | 1,632 |
| Mod Rehab Project-Based Rental Assistance | 7 |
| Section 202 Supportive Housing for the Elderly | 323 |
| Section 811 Supportive Housing for Persons with Disabilities | 143 |
Tracked Units by Federal Program in Bernalillo County, New Mexico
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Bernalillo County, New Mexico
Bernalillo County features 3,161 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 Bernalillo County, New Mexico
There are 7,227 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bernalillo County.
Housing Choice Vouchers in Bernalillo County, New Mexico
On average, Section 8 Housing Choice vouchers pay Bernalillo County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Bernalillo County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bernalillo County, New Mexico for a two-bedroom apartment is between $1,100 and $1,344.
Sourced from federal housing data and AffordableHousingOnline.com research.
