Affordable Housing In Grant County
New Mexico

12 Low Income Apartment Communities In Grant County

Housing Authorities that serve Grant County

Housing Authority	Programs
Western Regional Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Grant County, New Mexico

There are 12 low income housing apartment communities offering 528 affordable apartments for rent in Grant County, New Mexico.

Income Based Apartments in Grant County, New Mexico

Grant County features 273 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 Grant County, New Mexico

There are 255 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grant County.

Housing Choice Vouchers in Grant County, New Mexico

On average, Section 8 Housing Choice vouchers pay Grant County landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Grant County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Grant County, New Mexico for a two-bedroom apartment is between $725 and $887.

2021 Grant 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
Grant County, New Mexico Fair Market Rent	$630	$668	$806	$1,071	$1,324
Grant County, New Mexico Payment Standard Range	$567 to $693	$601 to $735	$725 to $887	$964 to $1,178	$1,192 to $1,456

Sourced from federal housing data and AffordableHousingOnline.com research.

Grant County, NM Affordable Housing Snapshot

Total Affordable Apartment Properties	12
Total Low Income Apartments	528
Total Housing Units with Rental Assistance	273
Percentage of Housing Units Occupied By Renters	25.16%
Average Renter Household Size	2.57
Average Household Size	2.37
Median Household Income	$38,311 ±$2,093
Median Rent	$635 ±$38
Percentage Of Renters Overburdened	42.58% ± 8.26pp
Total Population	29,119

Population and Household Demographics

Grant County is a county in New Mexico with a population of 29,119. There are 12,032 households in the county with an average household size of 2.37 persons. 25.16% of households in Grant County are renters.

Income and Rent Overburden in Grant County

The median gross income for households in Grant County is $38,311 a year, or $3,193 a month. The median rent for the county is $635 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grant County, a household making less than $2,117 a month would be considered overburdened when renting an apartment at or above the median rent. 42.58% of households who rent are overburdened in Grant County.

Area Median Income In Grant 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 Grant County, HUD calculates the Area Median Income for a family of four as $53,800

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 Grant 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 Grant County

	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 Grant County AMI may qualify for rental assistance programs that target Extremely Low Income households.	$12,760	$17,240	$21,720	$26,200	$29,650	$31,850	$34,050	$36,250
50% AMI Income Limits Renters earning up to 50% of the Grant County AMI may qualify for rental assistance programs that target Very Low Income households.	$19,250	$22,000	$24,750	$27,450	$29,650	$31,850	$34,050	$36,250
80% AMI Income Limits Renters earning up to 80% of the Grant County AMI may qualify for rental assistance programs that target Low Income households.	$30,750	$35,150	$39,550	$43,900	$47,450	$50,950	$54,450	$57,950