Low Income Apartments and Affordable Housing For Rent in North Valley, NM

Discover affordable housing in North Valley 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.

Westview Townhomes Ltd

Tierra del Sol Ave SW, North Valley, New Mexico 87105

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in North Valley, New Mexico

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Aug 18
Open Until Further Notice
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Reported On August 10th, 2023 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In North Valley, New Mexico
$23.14/hour
$11.14 (+93%) more than New Mexico minimum wage and $15.89 (+219%) more than the Federal minimum wage.
Learn More About North Valley, New Mexico Affordable Housing ↓

What HUD offices serve North Valley, 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), Family Unification Program (FUP) programs for North Valley, New Mexico.

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

How many renters live in North Valley, New Mexico?

The City of North Valley has people living in households.

There are renters living in renter households in this City. Renters make up 24.05 percent of the population living in North Valley.

What is the rental market like in North Valley, New Mexico?

There are an estimated housing units in the North Valley area. Of these, units are rental homes, making up percent of the housing market. For every renter household in North Valley, New Mexico, there are 1 rental units.

What is the vacancy rate for rentals in North Valley?

The rental vacancy rate in North Valley is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in North Valley for each bedroom size?

Occupied Rental Units by Size in North Valley
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
16 174 328 427 25
Occupied Rental Units by Size in North Valley

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

How Much Is Rent in North Valley

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $828 to $2,064. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $828
One BR $1,005
Two BR $1,222
Three BR $1,722
Four BR $2,064
2024 Fair Market Rents in North Valley, New Mexico

How many units are rented at Fair Market Rent (FMR) in North Valley?

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
Studio 5 31 percent
One BR 174 100 percent
Two BR 286 87 percent
Rental Units Below FMR in North Valley, New Mexico

How many affordable rental units are in North Valley?

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

Federal Program Unit Count
Public Housing
Section 8 Project-Based Rental Assistance
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in North Valley, New Mexico

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

Income Based Apartments in North Valley, New Mexico

North Valley features 0 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 North Valley, New Mexico

There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in North Valley.

Housing Choice Vouchers in North Valley, New Mexico

On average, Section 8 Housing Choice vouchers pay North Valley landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in North Valley.

The maximum amount a voucher would pay on behalf of a low-income tenant in North Valley, New Mexico for a two-bedroom apartment is between $1,100 and $1,344.

Sourced from federal housing data and AffordableHousingOnline.com research.