What HUD offices serve Ruidoso Downs, 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.
Go to the New Mexico Public Housing and Low-Income Apartments Waiting Lists page for openings near Ruidoso Downs.
How many renters live in Ruidoso Downs, New Mexico?
The City of Ruidoso Downs has people living in households.
There are renters living in renter households in this City. Renters make up 33.36 percent of the population living in Ruidoso Downs.
What is the rental market like in Ruidoso Downs, New Mexico?
There are an estimated housing units in the Ruidoso Downs area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Ruidoso Downs, New Mexico, there are 1 rental units.
What is the vacancy rate for rentals in Ruidoso Downs?
The rental vacancy rate in Ruidoso Downs 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 Ruidoso Downs for each bedroom size?
Occupied Rental Units by Size in Ruidoso Downs
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 67 | 212 | 79 | 0 |
Occupied Rental Units by Size in Ruidoso Downs
A large number of apartments in Ruidoso Downs 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 Ruidoso Downs
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $627 to $1,488. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $627 |
| One BR | $667 |
| Two BR | $877 |
| Three BR | $1,156 |
| Four BR | $1,488 |
2024 Fair Market Rents in Ruidoso Downs, New Mexico
How many units are rented at Fair Market Rent (FMR) in Ruidoso Downs?
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 |
| One BR | 67 | 100 percent |
| Two BR | 127 | 60 percent |
Rental Units Below FMR in Ruidoso Downs, New Mexico
How many affordable rental units are in Ruidoso Downs?
There are a variety of federal affordable housing programs serving households in Ruidoso Downs, New Mexico including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Ruidoso Downs, New Mexico
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Ruidoso Downs, New Mexico
Ruidoso Downs features 48 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 Ruidoso Downs, New Mexico
There are 120 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ruidoso Downs.
Housing Choice Vouchers in Ruidoso Downs, New Mexico
On average, Section 8 Housing Choice vouchers pay Ruidoso Downs landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Ruidoso Downs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ruidoso Downs, New Mexico for a two-bedroom apartment is between $789 and $965.
Sourced from federal housing data and AffordableHousingOnline.com research.