Affordable Housing In Tucumcari
3 Low Income Apartment Communities In Tucumcari
Housing Authorities that serve Tucumcari
|Housing Authority of the City of Tucumcari||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Eastern Regional Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Tucumcari, New Mexico
There are 3 low income housing apartment communities offering 144 affordable apartments for rent in Tucumcari, New Mexico.
Income Based Apartments in Tucumcari, New Mexico
Tucumcari features 144 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 Tucumcari, New Mexico
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tucumcari.
Housing Choice Vouchers in Tucumcari, New Mexico
On average, Section 8 Housing Choice vouchers pay Tucumcari landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Tucumcari.
The maximum amount a voucher would pay on behalf of a low-income tenant in Tucumcari, New Mexico for a two-bedroom apartment is between $661 and $807.
2021 Tucumcari, 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||$574||$586||$734||$981||$1,235|
|Payment Standard Range||$517 to $631||$527 to $645||$661 to $807||$883 to $1,079||$1,112 to $1,359|
Sourced from federal housing data and AffordableHousingOnline.com research.
Tucumcari, NM Affordable Housing Snapshot
|Total Affordable Apartment Properties||3|
|Total Low Income Apartments||144|
|Total Housing Units with Rental Assistance||144|
|Percentage of Housing Units Occupied By Renters||34.73%|
|Average Renter Household Size||2.77|
|Average Household Size||2.58|
|Median Household Income||$24,891 ±$3,574|
|Median Rent||$456 ±$81|
|Percentage Of Renters Overburdened||26.67% ± 11.39pp|
Population and Household Demographics
Tucumcari is a city in Quay County, New Mexico with a population of 5,157. There are 1,987 households in the city with an average household size of 2.58 persons. 34.73% of households in Tucumcari are renters.
Income and Rent Overburden in Tucumcari
The median gross income for households in Tucumcari is $24,891 a year, or $2,074 a month. The median rent for the city is $456 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Tucumcari, a household making less than $1,520 a month would be considered overburdened when renting an apartment at or above the median rent. 26.67% of households who rent are overburdened in Tucumcari.
Area Median Income In Tucumcari
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 Tucumcari, the AMI is calculated from all households within Quay County.
In Tucumcari, HUD calculates the Area Median Income for a family of four as $41,500
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 Tucumcari
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 Tucumcari
|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|