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Affordable Housing In Paraje
Cibola County, New Mexico

Housing Authorities that serve Paraje

Housing Authority Programs
Northern Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH)

Guide To Affordable Housing in Paraje, New Mexico

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Paraje, New Mexico.

Income Based Apartments in Paraje, New Mexico

Paraje 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 Paraje, New Mexico

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

Housing Choice Vouchers in Paraje, New Mexico

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Paraje, New Mexico for a two-bedroom apartment is between $672 and $822.

2021 Paraje, 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
Paraje, New Mexico Fair Market Rent $640 $655 $747 $942 $1,013
Paraje, New Mexico Payment Standard Range $576 to $704 $590 to $721 $672 to $822 $848 to $1,036 $912 to $1,114

Sourced from federal housing data and AffordableHousingOnline.com research.

Paraje, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 12.79%
Average Renter Household Size 2.43
Average Household Size 3.44
Median Household Income $28,523 ±$6,738
Median Rent $268 ±$45
Percentage Of Renters Overburdened 32.14% ± 79.74pp
Total Population 817

Population and Household Demographics

Paraje is a city in Cibola County, New Mexico with a population of 817. There are 219 households in the city with an average household size of 3.44 persons. 12.79% of households in Paraje are renters.

Income and Rent Overburden in Paraje

The median gross income for households in Paraje is $28,523 a year, or $2,377 a month. The median rent for the city is $268 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Paraje, a household making less than $893 a month would be considered overburdened when renting an apartment at or above the median rent. 32.14% of households who rent are overburdened in Paraje.

Area Median Income In Paraje

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 Paraje, the AMI is calculated from all households within Cibola County.

In Paraje, HUD calculates the Area Median Income for a family of four as $48,500

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 Paraje

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 Paraje

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 Paraje AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,760 $17,240 $21,720 $26,200 $29,650 $31,850 $34,050 $36,250
50% AMI Income Limits
Renters earning up to 50% of the Paraje AMI may qualify for rental assistance programs that target Very Low Income households.
$19,250 $22,000 $24,750 $27,450 $29,650 $31,850 $34,050 $36,250
80% AMI Income Limits
Renters earning up to 80% of the Paraje AMI may qualify for rental assistance programs that target Low Income households.
$30,750 $35,150 $39,550 $43,900 $47,450 $50,950 $54,450 $57,950