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Affordable Housing In Placitas
Dona Ana County, New Mexico

Housing Authorities that serve Placitas

Housing Authority Programs
Mesilla Valley Public Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Housing Authority of the County of Dona Ana Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Placitas, New Mexico

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

Income Based Apartments in Placitas, New Mexico

Placitas 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 Placitas, New Mexico

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

Housing Choice Vouchers in Placitas, New Mexico

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Placitas, New Mexico for a two-bedroom apartment is between $661 and $807.

2021 Placitas, 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
Placitas, New Mexico Fair Market Rent $571 $603 $734 $1,050 $1,262
Placitas, New Mexico Payment Standard Range $514 to $628 $543 to $663 $661 to $807 $945 to $1,155 $1,136 to $1,388

Sourced from federal housing data and AffordableHousingOnline.com research.

Placitas, 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 73.4%
Average Renter Household Size 3.89
Average Household Size 3.61
Median Household Income $15,568 ±$14,574
Median Rent $328 ±$104
Percentage Of Renters Overburdened 69.57% ± 39.11pp
Total Population 678

Population and Household Demographics

Placitas is a city in Dona Ana County, New Mexico with a population of 678. There are 188 households in the city with an average household size of 3.61 persons. 73.4% of households in Placitas are renters.

Income and Rent Overburden in Placitas

The median gross income for households in Placitas is $15,568 a year, or $1,297 a month. The median rent for the city is $328 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Placitas, a household making less than $1,093 a month would be considered overburdened when renting an apartment at or above the median rent. 69.57% of households who rent are overburdened in Placitas.

Area Median Income In Placitas

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 Placitas, the AMI is calculated from all households within Dona Ana County.

In Placitas, HUD calculates the Area Median Income for a family of four as $52,100

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 Placitas

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 Placitas

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 Placitas 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 Placitas 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 Placitas 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