. Low Income Apartments For Rent in Texico, New Mexico - Affordable Housing Online

Mesquite Village

412 S Avenue F
Texico, New Mexico
Rent Assisted

Nw Corner : Garwood Street and Avenue F

NW Corner: Garwood St and Avenue F
Texico, New Mexico
Rent Assisted
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There are 40 low-income apartments in Texico that offer reduced rents to eligible households.

Rental assistance programs support 0 low-income homes in Texico where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $279 towards rent each month.

Affordable rent data for some communities last confirmed on January 7th, 2020. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Texico, 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.

Housing Authority Programs
Eastern Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the New Mexico Public Housing and Low-Income Apartments Waiting Lists page for openings near Texico.

Texico, New Mexico Affordable Housing Data

Income Based Apartments in Texico, New Mexico

Texico 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 Texico, New Mexico

There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Texico.

Housing Choice Vouchers in Texico, New Mexico

On average, Section 8 Housing Choice vouchers pay Texico landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Texico.

The maximum amount a voucher would pay on behalf of a low-income tenant in Texico, New Mexico for a two-bedroom apartment is between $810 and $990.

2023 Texico, 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
Texico, New Mexico Fair Market Rent $602 $707 $900 $1,154 $1,533
Texico, New Mexico Payment Standard Range $542 to $662 $636 to $778 $810 to $990 $1,039 to $1,269 $1,380 to $1,686

Sourced from federal housing data and AffordableHousingOnline.com research.

Texico, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 40
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 32.6%
Average Renter Household Size 3.10
Average Household Size 2.96
Median Household Income $32,188 ±$7,239
Median Rent $640 ±$68
Percentage Of Renters Overburdened 52.35% ± 20.21pp
Total Population 1,355

Population and Household Demographics

Texico is a city in Curry County, New Mexico with a population of 1,355. There are 457 households in the city with an average household size of 2.96 persons. 32.6% of households in Texico are renters.

Income and Rent Overburden in Texico

The median gross income for households in Texico is $32,188 a year, or $2,682 a month. The median rent for the city is $640 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Texico, a household making less than $2,133 a month would be considered overburdened when renting an apartment at or above the median rent. 52.35% of households who rent are overburdened in Texico.

Area Median Income In Texico

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 Texico, the AMI is calculated from all households within Curry County.

In Texico, HUD calculates the Area Median Income for a family of four as $66,000

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 Texico

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 Texico

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 Texico AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,900 $37,500 $40,100 $42,650
50% AMI Income Limits
Renters earning up to 50% of the Texico AMI may qualify for rental assistance programs that target Very Low Income households.
$22,650 $25,850 $29,100 $32,300 $34,900 $37,500 $40,100 $42,650
80% AMI Income Limits
Renters earning up to 80% of the Texico AMI may qualify for rental assistance programs that target Low Income households.
$36,200 $41,350 $46,500 $51,650 $55,800 $59,950 $64,050 $68,200