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Affordable Housing In Lovington
Lea County, New Mexico

4 Low Income Apartment Communities In Lovington

Buena Vista

1501 Good Samaritan Dr
Lovington, New Mexico
Subsidized
62+
Accessible
Elderly Supportive Housing

Polk Avenue Apartments

214 W Polk Ave
Lovington, New Mexico
Subsidized

200 W Avenue P

200 W Avenue P
Lovington, New Mexico

Southview Place Nm CO Msmc

1300 W Brian Urlacher
Lovington, New Mexico
Subsidized
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Housing Authorities that serve Lovington

Housing Authority Programs
Housing Authority of the City of Lovington Public Housing
Eastern Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Lovington, New Mexico

There are 4 low income housing apartment communities offering 174 affordable apartments for rent in Lovington, New Mexico.

Income Based Apartments in Lovington, New Mexico

Lovington features 174 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 Lovington, New Mexico

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lovington.

Housing Choice Vouchers in Lovington, New Mexico

On average, Section 8 Housing Choice vouchers pay Lovington landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lovington.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lovington, New Mexico for a two-bedroom apartment is between $923 and $1,129.

2021 Lovington, 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
Lovington, New Mexico Fair Market Rent $749 $779 $1,026 $1,327 $1,507
Lovington, 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.

Lovington, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 174
Total Housing Units with Rental Assistance 174
Percentage of Housing Units Occupied By Renters 33.45%
Average Renter Household Size 2.75
Average Household Size 3.26
Median Household Income $51,450 ±$5,672
Median Rent $633 ±$30
Percentage Of Renters Overburdened 32.95% ± 8.83pp
Total Population 11,499

Population and Household Demographics

Lovington is a city in Lea County, New Mexico with a population of 11,499. There are 3,402 households in the city with an average household size of 3.26 persons. 33.45% of households in Lovington are renters.

Income and Rent Overburden in Lovington

The median gross income for households in Lovington is $51,450 a year, or $4,288 a month. The median rent for the city is $633 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lovington, a household making less than $2,110 a month would be considered overburdened when renting an apartment at or above the median rent. 32.95% of households who rent are overburdened in Lovington.

Area Median Income In Lovington

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Lovington, the AMI is calculated from all households within Lea County.

In Lovington, 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 Lovington

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 Lovington

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 Lovington AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,950 $17,420 $21,960 $26,500 $31,040 $35,580 $38,200 $40,700
50% AMI Income Limits
Renters earning up to 50% of the Lovington AMI may qualify for rental assistance programs that target Very Low Income households.
$21,600 $24,650 $27,750 $30,800 $33,300 $35,750 $38,200 $40,700
80% AMI Income Limits
Renters earning up to 80% of the Lovington AMI may qualify for rental assistance programs that target Low Income households.
$34,550 $39,450 $44,400 $49,300 $53,250 $57,200 $61,150 $65,100