Cheap Apartments In Sierra County
New Mexico

Casa Del Rio Apartments

165 N Silver St
Truth Or Consequences, NM
62+
Accessible
Elderly Supportive Housing
Subsidized

Tradewinds Carriage Apartments

1301 N Pershing St
Truth Or Consequences, NM
Subsidized

Villa Del Sol

401 Coleman St
Truth Or Consequences, NM

Puesta De Sol

600 Tingley St
Truth Or Consequences, NM

Rio Abajo Apartments

1485 E 2nd Ave
Truth Or Consequences, NM
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There are 5 low income housing apartment complexes which contain 278 affordable apartments for rent in Sierra County, New Mexico. Many of these rental apartments are income based housing with about 216 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 32 Project-Based Section 8 subsidized apartments in Sierra County. There are 136 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 Sierra County

The Truth or Consequences Housing Authority is a Section 8 and Public Housing public housing agency in Truth Or Consequences, New Mexico.

The Western Regional Housing Authority is a Section 8 and Public Housing public housing agency in Silver City, New Mexico.

Understanding Affordable Housing in Sierra County, New Mexico

Sierra County, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 278
Total Rent Assisted Apartments 216
Percentage of Housing Units Occupied By Renters 27.76%
Average Renter Household Size 2.46
Total Population 11,615
Housing Units 5,044
Average Household Size 2.25
Median Household Income $29,356 ±$2,872
Median Rent $575 ±$43
Percentage Of Renters Overburdened 42.93% ± 8.68pp

Population and Household Demographics

Sierra County is a County in New Mexico with a population of 11,615. There are 5,044 households in the county with an average household size of 2.25 persons. 27.76% of households in Sierra County are renters.

Income and Rent Overburden in Sierra County

The median gross income for households in Sierra County is $29,356 a year, or $2,446 a month. The median rent for the county is $575 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sierra County, a household making less than $1,917 a month would be considered overburdened when renting an apartment at or above the median rent. 42.93% of households who rent are overburdened in Sierra County.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 8.68 percentage points.

Area Median Income In Sierra 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 Sierra County, HUD calculates the Area Median Income for a family of four as $43,600

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 Sierra 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 Sierra County HUD Rental Assistance in Sierra County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,140 $16,460 $20,780 $25,100 $29,000 $31,150 $33,300 $35,450
50% of Median $18,800 $21,500 $24,200 $26,850 $29,000 $31,150 $33,300 $35,450
80% of Median $30,100 $34,400 $38,700 $42,950 $46,400 $49,850 $53,300 $56,700

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 Sierra County

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

From 2004 to 2004, 2 low income apartment communities containing 73 rental apartments have been constructed and made affordable to low income persons in Sierra County by the Low Income Housing Tax Credit Program.

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

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,800 $21,500 $24,200 $26,850 $29,000 $31,150 $33,300 $35,450
60% of Median $22,560 $25,800 $29,040 $32,220 $34,800 $37,380 $39,960 $42,540

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 Sierra County is $29,040 a year, or $2,420 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,420 by 30% to get a maximum rent of $726 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 AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $470 $504 $605 $698 $779 $859
60% $564 $605 $726 $838 $935 $1,031
Fair Market Rents in Sierra 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
Studio One BR Two BR Three BR Four BR
$493 $524 $697 $964 $1,128

Cities In Sierra County

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

City Listings Served By
Truth Or Consequences 5 The HUD funded Public Housing Agencies that serve Truth Or Consequences are the Truth or Consequences Housing Authority and Western Regional Housing Authority.
Arrey 0 The HUD funded Public Housing Agencies that serve Arrey are the Truth or Consequences Housing Authority and Western Regional Housing Authority.
Caballo 0 The HUD funded Public Housing Agencies that serve Caballo are the Truth or Consequences Housing Authority and Western Regional Housing Authority.
Elephant Butte 0 The HUD funded Public Housing Agencies that serve Elephant Butte are the Truth or Consequences Housing Authority and Western Regional Housing Authority.
Hillsboro 0 The HUD funded Public Housing Agencies that serve Hillsboro are the Truth or Consequences Housing Authority and Western Regional Housing Authority.
Hot Springs Landing 0 The HUD funded Public Housing Agencies that serve Hot Springs Landing are the Truth or Consequences Housing Authority and Western Regional Housing Authority.
Kingston 0 The HUD funded Public Housing Agencies that serve Kingston are the Truth or Consequences Housing Authority and Western Regional Housing Authority.
Las Palomas 0 The HUD funded Public Housing Agencies that serve Las Palomas are the Truth or Consequences Housing Authority and Western Regional Housing Authority.
Oasis 0 The HUD funded Public Housing Agencies that serve Oasis are the Truth or Consequences Housing Authority and Western Regional Housing Authority.
Williamsburg 0 The HUD funded Public Housing Agencies that serve Williamsburg are the Truth or Consequences Housing Authority and Western Regional Housing Authority.
Winston 0 The HUD funded Public Housing Agencies that serve Winston are the Truth or Consequences Housing Authority and Western Regional Housing Authority.