Affordable Housing In Lea County
16 Low Income Apartment Communities In Lea County
Housing Authorities that serve Lea County
|Eastern Regional Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Lea County, New Mexico
There are 16 low income housing apartment communities offering 955 affordable apartments for rent in Lea County, New Mexico.
Income Based Apartments in Lea County, New Mexico
Lea County features 544 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 Lea County, New Mexico
There are 411 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lea County.
Housing Choice Vouchers in Lea County, New Mexico
On average, Section 8 Housing Choice vouchers pay Lea County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Lea County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lea County, New Mexico for a two-bedroom apartment is between $923 and $1,129.
2021 Lea 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|
|Lea County, New Mexico Fair Market Rent||$749||$779||$1,026||$1,327||$1,507|
|Lea County, New Mexico Payment Standard Range||$674 to $824||$701 to $857||$923 to $1,129||$1,194 to $1,460||$1,356 to $1,658|
Sourced from federal housing data and AffordableHousingOnline.com research.
Lea County, NM Affordable Housing Snapshot
|Total Affordable Apartment Properties||16|
|Total Low Income Apartments||955|
|Total Housing Units with Rental Assistance||544|
|Percentage of Housing Units Occupied By Renters||30.54%|
|Average Renter Household Size||2.96|
|Average Household Size||3.08|
|Median Household Income||$57,533 ±$3,185|
|Median Rent||$768 ±$51|
|Percentage Of Renters Overburdened||28.94% ± 3.59pp|
Population and Household Demographics
Lea County is a county in New Mexico with a population of 68,149. There are 21,449 households in the county with an average household size of 3.08 persons. 30.54% of households in Lea County are renters.
Income and Rent Overburden in Lea County
The median gross income for households in Lea County is $57,533 a year, or $4,794 a month. The median rent for the county is $768 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lea County, a household making less than $2,560 a month would be considered overburdened when renting an apartment at or above the median rent. 28.94% of households who rent are overburdened in Lea County.
Area Median Income In Lea 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 Lea County, HUD calculates the Area Median Income for a family of four as $61,600
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 Lea 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 Lea 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 Lea County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Lea County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Lea County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Lea County
Select A City to View its Apartment Communities and Waiting Lists.
|Eunice||The HUD funded Public Housing Agency that serves Eunice is the Eastern Regional Housing Authority.|
|Hobbs||The HUD funded Public Housing Agency that serves Hobbs is the Eastern Regional Housing Authority.|
|Jal||The HUD funded Public Housing Agency that serves Jal is the Eastern Regional Housing Authority.|
|Lovington||The HUD funded Public Housing Agencies that serve Lovington are the Housing Authority of the City of Lovington and Eastern Regional Housing Authority.|
|Monument||The HUD funded Public Housing Agency that serves Monument is the Eastern Regional Housing Authority.|
|Nadine||The HUD funded Public Housing Agency that serves Nadine is the Eastern Regional Housing Authority.|
|North Hobbs||The HUD funded Public Housing Agency that serves North Hobbs is the Eastern Regional Housing Authority.|
|Tatum||The HUD funded Public Housing Agency that serves Tatum is the Eastern Regional Housing Authority.|