Cheap Apartments In Otero County
New Mexico

Villa De Tularosa Senior Housing

1205 Monte Vista Ave
Tularosa, NM
62+
Accessable
Subsidized

Azotea Senior Apartments Homes

2400 1st St
Alamogordo, NM
HCV Welcome

Cottonwood Commons

1200 Jefferson Ave
Alamogordo, NM
HCV Welcome

Plaza Hacienda Homes

900 7th St
Alamogordo, NM

Las Rosas II Apartments

1513 Fairview Rd
Tularosa, NM
Subsidized

There are 8 low income housing apartment complexes which contain 489 affordable apartments for rent in Otero County, New Mexico. Many of these rental apartments are income based housing with about 289 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 0 Project-Based Section 8 subsidized apartments in Otero County. There are 246 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 Otero County

The Eastern Regional Housing Authority is a Section 8 and Public Housing public housing agency in Roswell, New Mexico.

Other Housing Authorities located in Otero County

The Housing Authority of the City of Alamogordo is a Public Housing public housing agency in Alamogordo, New Mexico.

Understanding Affordable Housing in Otero County, New Mexico

Otero County, NM Affordable Housing Snapshot

Total Affordable Apartment Properties8
Total Low Income Apartments489
Total Rent Assisted Apartments289
Percentage of Housing Units Occupied By Renters35.7%
Average Renter Household Size2.72
Total Population65,318
Housing Units23,668
Average Household Size2.63
Median Household Income$39,775 ±$1,700
Median Rent$791 ±$37
Percentage Of Renters Overburdened40.91% ± 4.52pp

Population and Household Demographics

Otero County is a County in New Mexico with a population of 65,318. There are 23,668 households in the county with an average household size of 2.63 persons. 35.7% of households in Otero County are renters.

Income and Rent Overburden in Otero County

The median gross income for households in Otero County is $39,775 a year, or $3,315 a month. The median rent for the county is $791 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Otero County, a household making less than $2,637 a month would be considered overburdened when renting an apartment at or above the median rent.40.91% of households who rent are overburdened in Otero County.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 4.52 percentage points.

Area Median Income In Otero 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 Otero County, HUD calculates the Area Median Income for a family of four as $54,300

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 Otero 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 Otero County HUD Rental Assistance in Otero County

AMI Band1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
30%$12,140$16,460$20,780$25,100$29,350$31,500$33,700$35,850
50%$19,050$21,750$24,450$27,150$29,350$31,500$33,700$35,850
80%$30,450$34,800$39,150$43,450$46,950$50,450$53,900$57,400

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 Otero County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2001 to 2007, 5 low income apartment communities containing 202 rental apartments have been constructed and made affordable to low income persons in Otero County by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Otero 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 Otero County

AMI Band1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
50%$19,050$21,750$24,450$27,150$29,350$31,500$33,700$35,850
60%$22,860$26,100$29,340$32,580$35,220$37,800$40,440$43,020

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 Otero County is $29,340 a year, or $2,445 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,445 by 30% to get a maximum rent of $734 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 AMIStudio1 Bed2 Bed3 Bed4 Bed5 Bed
50%$476$510$611$706$788$869
60%$572$612$734$848$945$1,043
Fair Market Rents in Otero 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
StudioOne BRTwo BRThree BRFour BR
$579$583$697$1,014$1,228

Cities In Otero County

Select A City to View its Apartment Communities and Waiting Lists.

CityListingsServed By
Tularosa2
Alamogordo5The HUD funded Public Housing Agency that serves Alamogordo is the Housing Authority of the City of Alamogordo.
Cloudcroft1
Bent0
Boles Acres0
High Rolls0
Holloman AFB0
La Luz0
Mayhill0
Mescalero0
Orogrande0
Pinon0
Sacramento0
Timberon0
Twin Forks0
Weed0