Affordable Housing In Curry County
16 Low Income Apartment Communities In Curry County
Housing Authorities that serve Curry County
|Eastern Regional Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Curry County, New Mexico
There are 16 low income housing apartment communities offering 544 affordable apartments for rent in Curry County, New Mexico.
Income Based Apartments in Curry County, New Mexico
Curry County features 358 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 Curry County, New Mexico
There are 186 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Curry County.
Housing Choice Vouchers in Curry County, New Mexico
On average, Section 8 Housing Choice vouchers pay Curry County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Curry County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Curry County, New Mexico for a two-bedroom apartment is between $833 and $1,019.
2021 Curry County, 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|
|Fair Market Rent||$611||$703||$926||$1,244||$1,497|
|Payment Standard Range||$550 to $672||$633 to $773||$833 to $1,019||$1,120 to $1,368||$1,347 to $1,647|
Sourced from federal housing data and AffordableHousingOnline.com research.
Curry County, NM Affordable Housing Snapshot
|Total Affordable Apartment Properties||16|
|Total Low Income Apartments||544|
|Total Housing Units with Rental Assistance||358|
|Percentage of Housing Units Occupied By Renters||41.63%|
|Average Renter Household Size||2.72|
|Average Household Size||2.72|
|Median Household Income||$41,084 ±$2,099|
|Median Rent||$786 ±$39|
|Percentage Of Renters Overburdened||47.28% ± 4.86pp|
Population and Household Demographics
Curry County is a county in New Mexico with a population of 50,497. There are 18,162 households in the county with an average household size of 2.72 persons. 41.63% of households in Curry County are renters.
Income and Rent Overburden in Curry County
The median gross income for households in Curry County is $41,084 a year, or $3,424 a month. The median rent for the county is $786 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Curry County, a household making less than $2,620 a month would be considered overburdened when renting an apartment at or above the median rent. 47.28% of households who rent are overburdened in Curry County.
Area Median Income In Curry County
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.
In Curry County, HUD calculates the Area Median Income for a family of four as $51,700
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 Curry County
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 Curry County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,760||$17,240||$21,720||$26,200||$29,650||$31,850||$34,050||$36,250|
|50% of Median||$19,250||$22,000||$24,750||$27,450||$29,650||$31,850||$34,050||$36,250|
|80% of Median||$30,750||$35,150||$39,550||$43,900||$47,450||$50,950||$54,450||$57,950|
Cities In Curry County
Select A City to View its Apartment Communities and Waiting Lists.
|Cannon AFB||The HUD funded Public Housing Agency that serves Cannon AFB is the Eastern Regional Housing Authority.|
|Clovis||The HUD funded Public Housing Agencies that serve Clovis are the Clovis Housing and Redevelopment Agency and Eastern Regional Housing Authority.|
|Grady||The HUD funded Public Housing Agency that serves Grady is the Eastern Regional Housing Authority.|
|Melrose||The HUD funded Public Housing Agency that serves Melrose is the Eastern Regional Housing Authority.|
|Texico||The HUD funded Public Housing Agency that serves Texico is the Eastern Regional Housing Authority.|