Cheap Apartments In Eddy County
New Mexico

Low Income Apartments In Eddy County

Villa San Jose

415 Del Rio St
Carlsbad, NM
62+
Accessible
Elderly Supportive Housing
HCV Welcome
Subsidized

Carlsbad Senior Community

214 Pecan St
Carlsbad, NM
62+
Accessible
Elderly Supportive Housing
Subsidized

Eagle Creek Apartments

302 N 4th St
Artesia, NM
Subsidized

Mission Apartments

805 Hueco St
Carlsbad, NM
Subsidized

Roselawn Apartments

1004 S Roselawn Ave
Artesia, NM
62+
Accessible
Elderly Supportive Housing
Subsidized

Colonial Hillcrest Apartments

604 N 5th St
Carlsbad, NM
Subsidized

618 N 7th St

618 N 7th St
Artesia, NM

Artesia Properties

1601 W Centre Ave
Artesia, NM
Subsidized

Northgate Plaza

1018 Lamont St
Carlsbad, NM
HCV Welcome

Mesa Grande

4601 Forrest Dr
Carlsbad, NM
HCV Welcome
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There are 10 low income housing apartment complexes which contain 563 affordable apartments for rent in Eddy County, New Mexico. Many of these rental apartments are income based housing with about 471 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 188 Project-Based Section 8 subsidized apartments in Eddy County. There are 192 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Eddy County

Housing Authority Programs
Eastern Regional Housing Authority Section 8 Housing Choice Voucher; Public Housing

Other Housing Authorities located in Eddy County

Housing Authority Programs
Housing Authority of the City of Artesia Public Housing

Understanding Affordable Housing in Eddy County, New Mexico

Eddy County, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 10
Total Low Income Apartments 563
Total Rent Assisted Apartments 471
Percentage of Housing Units Occupied By Renters 27.04%
Average Renter Household Size 2.75
Total Population 55,641
Housing Units 20,638
Average Household Size 2.66
Median Household Income $56,618 ±$3,151
Median Rent $764 ±$40
Percentage Of Renters Overburdened 30.66% ± 5.14pp

Population and Household Demographics

Eddy County is a County in New Mexico with a population of 55,641. There are 20,638 households in the county with an average household size of 2.66 persons. 27.04% of households in Eddy County are renters.

Income and Rent Overburden in Eddy County

The median gross income for households in Eddy County is $56,618 a year, or $4,718 a month. The median rent for the county is $764 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Eddy County, a household making less than $2,547 a month would be considered overburdened when renting an apartment at or above the median rent. 30.66% of households who rent are overburdened in Eddy County.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 5.14 percentage points.

Area Median Income In Eddy 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 Eddy County, HUD calculates the Area Median Income for a family of four as $68,500

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 Eddy 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 Eddy County HUD Rental Assistance in Eddy County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,400 $16,460 $20,780 $25,100 $29,420 $33,740 $38,060 $42,380
50% of Median $24,000 $27,400 $30,850 $34,250 $37,000 $39,750 $42,500 $45,250
80% of Median $38,400 $43,850 $49,350 $54,800 $59,200 $63,600 $68,000 $72,350

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

Low Income Housing Tax Credits in Eddy County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1998 to 1998, 2 low income apartment communities containing 92 rental apartments have been constructed and made affordable to low income persons in Eddy County by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Eddy County by looking for the tag in the apartment list above. View Apartments.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Eddy County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,000 $27,400 $30,850 $34,250 $37,000 $39,750 $42,500 $45,250
60% of Median $28,800 $32,880 $37,020 $41,100 $44,400 $47,700 $51,000 $54,300

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Eddy County is $37,020 a year, or $3,085 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,085 by 30% to get a maximum rent of $926 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $600 $643 $771 $891 $994 $1,097
60% $720 $771 $926 $1,069 $1,193 $1,316
Fair Market Rents in Eddy County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$698 $703 $930 $1,345 $1,589

Cities In Eddy County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Carlsbad 6
Artesia 4 The HUD funded Public Housing Agency that serves Artesia is the Housing Authority of the City of Artesia.
Loving 0
Atoka 0
Happy Valley 0
Hope 0
La Huerta 0
Livingston Wheeler 0
Loco Hills 0
Malaga 0
Morningside 0
Whites City 0