Affordable Housing In Quay County
5 Low Income Apartment Communities In Quay County
Housing Authorities that serve Quay County
|Eastern Regional Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Quay County, New Mexico
There are 5 low income housing apartment communities offering 167 affordable apartments for rent in Quay County, New Mexico.
Income Based Apartments in Quay County, New Mexico
Quay County features 144 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 Quay County, New Mexico
There are 23 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Quay County.
Housing Choice Vouchers in Quay County, New Mexico
On average, Section 8 Housing Choice vouchers pay Quay County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Quay County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Quay County, New Mexico for a two-bedroom apartment is between $661 and $807.
2021 Quay County, 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|
|Fair Market Rent||$574||$586||$734||$981||$1,235|
|Payment Standard Range||$517 to $631||$527 to $645||$661 to $807||$883 to $1,079||$1,112 to $1,359|
Sourced from federal housing data and AffordableHousingOnline.com research.
Quay County, NM Affordable Housing Snapshot
|Total Affordable Apartment Properties||5|
|Total Low Income Apartments||167|
|Total Housing Units with Rental Assistance||144|
|Percentage of Housing Units Occupied By Renters||28.89%|
|Average Renter Household Size||2.58|
|Average Household Size||2.59|
|Median Household Income||$29,113 ±$2,095|
|Median Rent||$480 ±$37|
|Percentage Of Renters Overburdened||28.34% ± 9.62pp|
Population and Household Demographics
Quay County is a county in New Mexico with a population of 8,698. There are 3,347 households in the county with an average household size of 2.59 persons. 28.89% of households in Quay County are renters.
Income and Rent Overburden in Quay County
The median gross income for households in Quay County is $29,113 a year, or $2,426 a month. The median rent for the county is $480 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Quay County, a household making less than $1,600 a month would be considered overburdened when renting an apartment at or above the median rent. 28.34% of households who rent are overburdened in Quay County.
Area Median Income In Quay 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 Quay County, HUD calculates the Area Median Income for a family of four as $41,500
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 Quay 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 HUD Rental Assistance in Quay County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,760||$17,240||$21,720||$26,200||$29,650||$31,850||$34,050||$36,250|
|50% of Median||$19,250||$22,000||$24,750||$27,450||$29,650||$31,850||$34,050||$36,250|
|80% of Median||$30,750||$35,150||$39,550||$43,900||$47,450||$50,950||$54,450||$57,950|
Cities In Quay County
Select A City to View its Apartment Communities and Waiting Lists.
|House||The HUD funded Public Housing Agency that serves House is the Eastern Regional Housing Authority.|
|Logan||The HUD funded Public Housing Agency that serves Logan is the Eastern Regional Housing Authority.|
|Nara Visa||The HUD funded Public Housing Agency that serves Nara Visa is the Eastern Regional Housing Authority.|
|San Jon||The HUD funded Public Housing Agency that serves San Jon is the Eastern Regional Housing Authority.|
|Tucumcari||The HUD funded Public Housing Agencies that serve Tucumcari are the Housing Authority of the City of Tucumcari and Eastern Regional Housing Authority.|