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Affordable Housing In Socorro County
New Mexico

8 Low Income Apartment Communities In Socorro County

Socorro Village Apartments

444 Eaton Ave
Socorro, New Mexico
Subsidized

Vista Montano

301 Otero Ave E
Socorro, New Mexico
Subsidized
62+
Accessible
Elderly Supportive Housing

Neal and 6th

509 6th St N
Socorro, New Mexico

Loma Vista Apartments

1212 El Camino Real St
Socorro, New Mexico
Subsidized

Granada IIc

713 Highway 60
Socorro, New Mexico

Reservoir and Grant

207 Grant St
Socorro, New Mexico

Socorro Properties

901 NW Walkway
Socorro, New Mexico

Cibola Apts

1101 El Camino Real
Socorro, New Mexico
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Housing Authorities that serve Socorro County

Housing Authority Programs
El Camino Real Housing Authority Section 8 Housing Choice Voucher (HCV)
Western Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Socorro County, New Mexico

There are 8 low income housing apartment communities offering 269 affordable apartments for rent in Socorro County, New Mexico.

Income Based Apartments in Socorro County, New Mexico

Socorro County features 228 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 Socorro County, New Mexico

There are 41 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Socorro County.

Housing Choice Vouchers in Socorro County, New Mexico

On average, Section 8 Housing Choice vouchers pay Socorro County landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Socorro County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Socorro County, New Mexico for a two-bedroom apartment is between $681 and $833.

2021 Socorro 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 $592 $596 $757 $1,083 $1,311
Payment Standard Range $533 to $651 $536 to $656 $681 to $833 $975 to $1,191 $1,180 to $1,442

Sourced from federal housing data and AffordableHousingOnline.com research.

Socorro County, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 269
Total Housing Units with Rental Assistance 228
Percentage of Housing Units Occupied By Renters 27.29%
Average Renter Household Size 3.47
Average Household Size 3.43
Median Household Income $34,037 ±$2,408
Median Rent $582 ±$37
Percentage Of Renters Overburdened 31.56% ± 6.84pp
Total Population 17,494

Population and Household Demographics

Socorro County is a county in New Mexico with a population of 17,494. There are 4,947 households in the county with an average household size of 3.43 persons. 27.29% of households in Socorro County are renters.

Income and Rent Overburden in Socorro County

The median gross income for households in Socorro County is $34,037 a year, or $2,836 a month. The median rent for the county is $582 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Socorro County, a household making less than $1,940 a month would be considered overburdened when renting an apartment at or above the median rent. 31.56% of households who rent are overburdened in Socorro County.

Area Median Income In Socorro 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 Socorro County, HUD calculates the Area Median Income for a family of four as $46,900

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 Socorro 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 Socorro 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 Socorro County

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

City Served By
Abeytas The HUD funded Public Housing Agencies that serve Abeytas are the Western Regional Housing Authority and El Camino Real Housing Authority.
Alamillo The HUD funded Public Housing Agencies that serve Alamillo are the Western Regional Housing Authority and El Camino Real Housing Authority.
Alamo The HUD funded Public Housing Agencies that serve Alamo are the Western Regional Housing Authority and El Camino Real Housing Authority.
Chamizal The HUD funded Public Housing Agencies that serve Chamizal are the Western Regional Housing Authority and El Camino Real Housing Authority.
Escondida The HUD funded Public Housing Agencies that serve Escondida are the Western Regional Housing Authority and El Camino Real Housing Authority.
La Joya The HUD funded Public Housing Agencies that serve La Joya are the Western Regional Housing Authority and El Camino Real Housing Authority.
Las Nutrias The HUD funded Public Housing Agencies that serve Las Nutrias are the Western Regional Housing Authority and El Camino Real Housing Authority.
Lemitar The HUD funded Public Housing Agencies that serve Lemitar are the Western Regional Housing Authority and El Camino Real Housing Authority.
Luis Lopez The HUD funded Public Housing Agencies that serve Luis Lopez are the El Camino Real Housing Authority and Western Regional Housing Authority.
Magdalena The HUD funded Public Housing Agencies that serve Magdalena are the El Camino Real Housing Authority and Western Regional Housing Authority.
Polvadera The HUD funded Public Housing Agencies that serve Polvadera are the Western Regional Housing Authority and El Camino Real Housing Authority.
San Acacia The HUD funded Public Housing Agencies that serve San Acacia are the Western Regional Housing Authority and El Camino Real Housing Authority.
San Antonio The HUD funded Public Housing Agencies that serve San Antonio are the Western Regional Housing Authority and El Camino Real Housing Authority.
San Antonito The HUD funded Public Housing Agencies that serve San Antonito are the Western Regional Housing Authority and El Camino Real Housing Authority.
Socorro The HUD funded Public Housing Agencies that serve Socorro are the Housing Authority of the Village of Los Lunas, El Camino Real Housing Authority and Western Regional Housing Authority.
Veguita The HUD funded Public Housing Agencies that serve Veguita are the Western Regional Housing Authority and El Camino Real Housing Authority.