Affordable Housing In Eddy County
New Mexico

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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.

The HUD funded Public Housing Agency that serves Eddy County is the Eastern Regional Housing Authority.

Affordable Apartments in Eddy County

415 Del Rio St
Carlsbad, New Mexico
Villa San Jose is a 60 unit low income housing apartment community in Carlsbad.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Section 202 Supportive Housing for the Elderly
HOME
Project Based Rental Assistance
Senior (62+)
Accessible Units
View More
214 Pecan St
Carlsbad, New Mexico
Carlsbad Senior Community is a 24 unit low income housing apartment community in Carlsbad.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Section 202 Supportive Housing for the Elderly
Project Based Rental Assistance
Senior (62+)
Accessible Units
View More
302 N 4th St
Artesia, New Mexico
Eagle Creek Apartments is a 45 unit low income housing apartment community in Artesia.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Project-Based Section 8
Project Based Rental Assistance
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805 Hueco St
Carlsbad, New Mexico
Mission Apartments is a 68 unit low income housing apartment community in Carlsbad.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Project-Based Section 8
Project Based Rental Assistance
View More
1004 S Roselawn Ave
Artesia, New Mexico
Roselawn Apartments is a 21 unit low income housing apartment community in Artesia.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Section 202 Supportive Housing for the Elderly
Project Based Rental Assistance
Senior (62+)
Accessible Units
View More

Housing Authorities that serve Eddy County

The Eastern Regional Housing Authority is a Section 8 and Public Housing public housing agency in Roswell, New Mexico.

Other Housing Authorities located in Eddy County

The Housing Authority of the City of Artesia is a Public Housing public housing agency in Artesia, New Mexico.

Understanding Affordable Housing in Eddy County, New Mexico

Eddy County, NM Affordable Housing Snapshot

Total Affordable Apartment Properties10
Total Low Income Apartments563
Total Rent Assisted Apartments471
Percentage of Housing Units Occupied By Renters27.04%
Average Renter Household Size2.75
Total Population55,641
Housing Units20,638
Average Household Size2.66
Median Household Income$56,618 ±$3,151
Median Rent$764 ±$40
Percentage Of Renters Overburdened30.66% ± 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 $63,800

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.

Eddy County HUD Rental Assistance Income Limits

AMI Band1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
30%$13,450$16,240$20,420$24,600$28,780$32,960$37,140$41,320
50%$22,350$25,550$28,750$31,900$34,500$37,050$39,600$42,150
80%$35,750$40,850$45,950$51,050$55,150$59,250$63,350$67,400

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.

Eddy County Low Income Housing Tax Credit Income Limits

AMI Band1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
50%$22,350$25,550$28,750$31,900$34,500$37,050$39,600$42,150
60%$26,820$30,660$34,500$38,280$41,400$44,460$47,520$50,580

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 $34,500 a year, or $2,875 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,875 by 30% to get a maximum rent of $863 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 AMIStudio2 Bed3 Bed4 Bed1 Bed5 Bed
50%$559$599$719$830$926$1,022
60%$671$719$863$996$1,112$1,226

Cities In Eddy County

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

CityListingsServed By
Carlsbad6
Artesia4The HUD funded Public Housing Agency that serves Artesia is the Housing Authority of the City of Artesia.
Loving0
Atoka0
Happy Valley0
Hope0
La Huerta0
Livingston Wheeler0
Loco Hills0
Malaga0
Morningside0
Whites City0