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Affordable Housing In Torrance County
New Mexico

2 Low Income Apartment Communities In Torrance County

Depot Apartments

701 W Maple
Moriarty, New Mexico
Call For Rent
1-3 BR
Subsidized

Depot Apartments

Maple Ave
Moriarty, New Mexico
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Housing Authorities that serve Torrance County

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

Guide To Affordable Housing in Torrance County, New Mexico

There are 2 low income housing apartment communities offering 56 affordable apartments for rent in Torrance County, New Mexico.

Income Based Apartments in Torrance County, New Mexico

Torrance County features 28 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 Torrance County, New Mexico

There are 28 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Torrance County.

Housing Choice Vouchers in Torrance County, New Mexico

On average, Section 8 Housing Choice vouchers pay Torrance County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Torrance County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Torrance County, New Mexico for a two-bedroom apartment is between $846 and $1,034.

2021 Torrance 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 $621 $770 $940 $1,345 $1,617
Payment Standard Range $559 to $683 $693 to $847 $846 to $1,034 $1,211 to $1,480 $1,455 to $1,779

Sourced from federal housing data and AffordableHousingOnline.com research.

Torrance County, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 56
Total Housing Units with Rental Assistance 28
Percentage of Housing Units Occupied By Renters 16.67%
Average Renter Household Size 3.44
Average Household Size 2.81
Median Household Income $32,083 ±$3,004
Median Rent $732 ±$84
Percentage Of Renters Overburdened 45.59% ± 7.46pp
Total Population 15,853

Population and Household Demographics

Torrance County is a county in New Mexico with a population of 15,853. There are 5,370 households in the county with an average household size of 2.81 persons. 16.67% of households in Torrance County are renters.

Income and Rent Overburden in Torrance County

The median gross income for households in Torrance County is $32,083 a year, or $2,674 a month. The median rent for the county is $732 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Torrance County, a household making less than $2,440 a month would be considered overburdened when renting an apartment at or above the median rent. 45.59% of households who rent are overburdened in Torrance County.

Area Median Income In Torrance 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 Torrance County, HUD calculates the Area Median Income for a family of four as $69,100

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 Torrance 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 Torrance County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,550 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $24,200 $27,650 $31,100 $34,550 $37,350 $40,100 $42,850 $45,650
80% of Median $38,750 $44,250 $49,800 $55,300 $59,750 $64,150 $68,600 $73,000

Cities In Torrance County

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

City Served By
Duran The HUD funded Public Housing Agency that serves Duran is the Western Regional Housing Authority.
Encino The HUD funded Public Housing Agency that serves Encino is the Western Regional Housing Authority.
Estancia The HUD funded Public Housing Agency that serves Estancia is the Western Regional Housing Authority.
Indian Hills The HUD funded Public Housing Agency that serves Indian Hills is the Western Regional Housing Authority.
Manzano The HUD funded Public Housing Agency that serves Manzano is the Western Regional Housing Authority.
McIntosh The HUD funded Public Housing Agency that serves McIntosh is the Western Regional Housing Authority.
Moriarty The HUD funded Public Housing Agency that serves Moriarty is the Western Regional Housing Authority.
Mountainair The HUD funded Public Housing Agency that serves Mountainair is the Western Regional Housing Authority.
Tajique The HUD funded Public Housing Agency that serves Tajique is the Western Regional Housing Authority.
Torreon The HUD funded Public Housing Agency that serves Torreon is the Western Regional Housing Authority.
Willard The HUD funded Public Housing Agency that serves Willard is the Western Regional Housing Authority.