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 |
Cities In Grant County
Select A City to View its Apartment Communities and Waiting Lists.
City | Served By |
---|---|
Arenas Valley | The HUD funded Public Housing Agency that serves Arenas Valley is the Western Regional Housing Authority. |
Bayard | The HUD funded Public Housing Agency that serves Bayard is the Western Regional Housing Authority. |
Buckhorn | The HUD funded Public Housing Agency that serves Buckhorn is the Western Regional Housing Authority. |
Cliff | The HUD funded Public Housing Agency that serves Cliff is the Western Regional Housing Authority. |
Cobre | The HUD funded Public Housing Agency that serves Cobre is the Western Regional Housing Authority. |
Faywood | The HUD funded Public Housing Agency that serves Faywood is the Western Regional Housing Authority. |
Gila | The HUD funded Public Housing Agency that serves Gila is the Western Regional Housing Authority. |
Hachita | The HUD funded Public Housing Agency that serves Hachita is the Western Regional Housing Authority. |
Hanover | The HUD funded Public Housing Agency that serves Hanover is the Western Regional Housing Authority. |
Hurley | The HUD funded Public Housing Agency that serves Hurley is the Western Regional Housing Authority. |
Lake Roberts | The HUD funded Public Housing Agency that serves Lake Roberts is the Western Regional Housing Authority. |
Lake Roberts Heights | The HUD funded Public Housing Agency that serves Lake Roberts Heights is the Western Regional Housing Authority. |
Mimbres | The HUD funded Public Housing Agency that serves Mimbres is the Western Regional Housing Authority. |
North Hurley | The HUD funded Public Housing Agency that serves North Hurley is the Western Regional Housing Authority. |
Pinos Altos | The HUD funded Public Housing Agency that serves Pinos Altos is the Western Regional Housing Authority. |
Rosedale | The HUD funded Public Housing Agency that serves Rosedale is the Western Regional Housing Authority. |
San Lorenzo | The HUD funded Public Housing Agency that serves San Lorenzo is the Western Regional Housing Authority. |
Santa Clara | The HUD funded Public Housing Agency that serves Santa Clara is the Western Regional Housing Authority. |
Silver City | The HUD funded Public Housing Agency that serves Silver City is the Western Regional Housing Authority. |
Trout Valley | The HUD funded Public Housing Agency that serves Trout Valley is the Western Regional Housing Authority. |
Tyrone | The HUD funded Public Housing Agency that serves Tyrone is the Western Regional Housing Authority. |
White Signal | The HUD funded Public Housing Agency that serves White Signal is the Western Regional Housing Authority. |