Low Income Apartments and Affordable Housing For Rent in Mora County, NM

Discover affordable housing in Mora County where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

710 Catron Ave

710 Catron Ave, Wagon Mound, New Mexico 0

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Mora County, New Mexico
$16.61/hour
$4.61 (+38%) more than New Mexico minimum wage and $9.36 (+129%) more than the Federal minimum wage.
Learn More About Mora County, New Mexico Affordable Housing ↓

What HUD offices serve Mora County, New Mexico?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Veteran Affairs Supportive Housing (VASH) programs for Mora County, New Mexico.

Go to the New Mexico Public Housing and Low-Income Apartments Waiting Lists page for openings near Mora County.

How many renters live in Mora County, New Mexico?

The County of Mora County has 4,208 people living in 2,091 households.

There are 526 renters living in 204 renter households in this County. Renters make up 12.5 percent of the population living in Mora County.

What is the rental market like in Mora County, New Mexico?

There are an estimated 3,092 housing units in the Mora County area. Of these, 225 units are rental homes, making up 7 percent of the housing market. For every renter household in Mora County, New Mexico, there are 1 rental units.

What is the vacancy rate for rentals in Mora County?

The rental vacancy rate in Mora County is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Mora County for each bedroom size?

Occupied Rental Units by Size in Mora County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 19 80 89 16
Occupied Rental Units by Size in Mora County

A large number of apartments in Mora County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Mora County are overburdened by housing costs?

Among renter households in this market, 25 percent have housing cost burden. Further, 2 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Mora County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $627 to $1,488. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $627
One BR $707
Two BR $877
Three BR $1,184
Four BR $1,488
2024 Fair Market Rents in Mora County, New Mexico

How many units are rented at Fair Market Rent (FMR) in Mora County?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
One BR 0 100 percent
Two BR 45 56 percent
Rental Units Below FMR in Mora County, New Mexico

How many affordable rental units are in Mora County?

There are a variety of federal affordable housing programs serving households in Mora County, New Mexico including the following:

Federal Program Unit Count
Public Housing 19
Tracked Units by Federal Program in Mora County, New Mexico

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Mora County, New Mexico

Mora County features 19 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 Mora County, New Mexico

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

Housing Choice Vouchers in Mora County, New Mexico

On average, Section 8 Housing Choice vouchers pay Mora County landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Mora County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Mora County, New Mexico for a two-bedroom apartment is between $789 and $965.

Sourced from federal housing data and AffordableHousingOnline.com research.