Cheap Apartments In McKinley County
New Mexico
There are 23 low income housing apartment complexes which contain 1,280 affordable apartments for rent in McKinley County, New Mexico. Many of these rental apartments are income based housing with about 639 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 150 Project-Based Section 8 subsidized apartments in McKinley County. There are 1,161 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.
Housing Authorities that serve McKinley County
The Taos County Housing Authority is a Section 8 and Public Housing public housing agency in Taos, New Mexico.
The Northern Regional Housing Authority is a Section 8 and Public Housing public housing agency in Taos, New Mexico.
Other Housing Authorities located in McKinley County
The Housing Authority of the City of Gallup is a Section 8 and Public Housing public housing agency in Gallup, New Mexico.
Understanding Affordable Housing in McKinley County, New Mexico
- Population And Household Demographics
- Income and Rent Overburden
- Fair Market Rents
- Area Median Income
- Low Income Housing Tax Credit
- Rental Assistance
McKinley County, NM Affordable Housing Snapshot
| Total Affordable Apartment Properties | 23 |
|---|---|
| Total Low Income Apartments | 1,280 |
| Total Rent Assisted Apartments | 639 |
| Percentage of Housing Units Occupied By Renters | 26.88% |
| Average Renter Household Size | 3.67 |
| Total Population | 73,998 |
| Housing Units | 18,449 |
| Average Household Size | 3.97 |
| Median Household Income | $28,772 ±$1,243 |
| Median Rent | $603 ±$42 |
| Percentage Of Renters Overburdened | 35.71% ± 4.22pp |
Population and Household Demographics
McKinley County is a County in New Mexico with a population of 73,998. There are 18,449 households in the county with an average household size of 3.97 persons. 26.88% of households in McKinley County are renters.
Income and Rent Overburden in McKinley County
The median gross income for households in McKinley County is $28,772 a year, or $2,398 a month. The median rent for the county is $603 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In McKinley County, a household making less than $2,010 a month would be considered overburdened when renting an apartment at or above the median rent.35.71% of households who rent are overburdened in McKinley County.1
Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 4.22 percentage points.
Area Median Income In McKinley 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 McKinley County, HUD calculates the Area Median Income for a family of four as $37,300
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 McKinley 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 McKinley County HUD Rental Assistance in McKinley County
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $12,140 | $16,460 | $20,780 | $25,100 | $29,000 | $31,150 | $33,300 | $35,450 |
| 50% | $18,800 | $21,500 | $24,200 | $26,850 | $29,000 | $31,150 | $33,300 | $35,450 |
| 80% | $30,100 | $34,400 | $38,700 | $42,950 | $46,400 | $49,850 | $53,300 | $56,700 |
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 McKinley County
The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.
From 1993 to 2003, 8 low income apartment communities containing 366 rental apartments have been constructed and made affordable to low income persons in McKinley County by the Low Income Housing Tax Credit Program.
You can identify apartment communities that participate in the program in McKinley 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.
Income Qualifications for Low Income Housing Tax Credit Apartments in McKinley County
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 50% | $18,800 | $21,500 | $24,200 | $26,850 | $29,000 | $31,150 | $33,300 | $35,450 |
| 60% | $22,560 | $25,800 | $29,040 | $32,220 | $34,800 | $37,380 | $39,960 | $42,540 |
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 McKinley County is $29,040 a year, or $2,420 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,420 by 30% to get a maximum rent of $726 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 AMI | Studio | 1 Bed | 2 Bed | 3 Bed | 4 Bed | 5 Bed |
|---|---|---|---|---|---|---|
| 50% | $470 | $504 | $605 | $698 | $779 | $859 |
| 60% | $564 | $605 | $726 | $838 | $935 | $1,031 |
Fair Market Rents in McKinley County
Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.
2018 Fair Market Rents
| Studio | One BR | Two BR | Three BR | Four BR |
|---|---|---|---|---|
| $478 | $607 | $697 | $874 | $949 |
Cities In McKinley County
Select A City to View its Apartment Communities and Waiting Lists.
| City | Listings | Served By |
|---|---|---|
| Gallup | 21 | The HUD funded Public Housing Agencies that serve Gallup are the Housing Authority of the City of Gallup and Northern Regional Housing Authority. |
| Crownpoint | 1 | The HUD funded Public Housing Agency that serves Crownpoint is the Northern Regional Housing Authority. |
| Navajo | 0 | The HUD funded Public Housing Agency that serves Navajo is the Northern Regional Housing Authority. |
| Tohatchi | 0 | The HUD funded Public Housing Agency that serves Tohatchi is the Northern Regional Housing Authority. |
| Church Rock | 1 | The HUD funded Public Housing Agency that serves Church Rock is the Northern Regional Housing Authority. |
| Black Rock | 0 | The HUD funded Public Housing Agency that serves Black Rock is the Northern Regional Housing Authority. |
| Brimhall Nizhoni | 0 | The HUD funded Public Housing Agency that serves Brimhall Nizhoni is the Northern Regional Housing Authority. |
| Crystal | 0 | The HUD funded Public Housing Agency that serves Crystal is the Northern Regional Housing Authority. |
| Nakaibito | 0 | The HUD funded Public Housing Agency that serves Nakaibito is the Northern Regional Housing Authority. |
| Pueblo Pintado | 0 | The HUD funded Public Housing Agency that serves Pueblo Pintado is the Northern Regional Housing Authority. |
| Ramah | 0 | The HUD funded Public Housing Agency that serves Ramah is the Northern Regional Housing Authority. |
| Rock Springs | 0 | The HUD funded Public Housing Agency that serves Rock Springs is the Northern Regional Housing Authority. |
| Thoreau | 0 | The HUD funded Public Housing Agency that serves Thoreau is the Northern Regional Housing Authority. |
| Tse Bonito | 0 | The HUD funded Public Housing Agency that serves Tse Bonito is the Northern Regional Housing Authority. |
| Twin Lakes | 0 | The HUD funded Public Housing Agency that serves Twin Lakes is the Northern Regional Housing Authority. |
| Yah ta hey | 0 | The HUD funded Public Housing Agency that serves Yah ta hey is the Northern Regional Housing Authority. |
| Zuni Pueblo | 0 | The HUD funded Public Housing Agency that serves Zuni Pueblo is the Northern Regional Housing Authority. |
| Yah-ta-hey | 0 | The HUD funded Public Housing Agency that serves Yah-ta-hey is the Northern Regional Housing Authority. |
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