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Affordable Housing In Valencia County
New Mexico

16 Low Income Apartment Communities In Valencia County

Ventana Cove

450 Los Cerritos Dr NW
Los Lunas, New Mexico

Belen Vista Apartments

531 Christopher Dr
Belen, New Mexico
Subsidized

Belen Apartments

1200 Court St
Belen, New Mexico
Subsidized

Hilltop Apartments

383 Canal Blvd SW
Los Lunas, New Mexico

Casa Encantada

1014 Guapo Rd
Belen, New Mexico
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Casa Bonita II

Camino Real SW
Los Lunas, New Mexico

Gerald Chavez Apartments

524 Gerald Chavez Ln NE
Los Lunas, New Mexico
Subsidized

Hilltop Terrace Ltd Monarch Properties

393 Canal Blvd SW
Los Lunas, New Mexico

Encantada Apartments

300 Canal Blvd SW
Los Lunas, New Mexico
Subsidized

Altura Apartments Ltd

200 Garden Ln
Belen, New Mexico
Subsidized

Housing Authorities that serve Valencia County

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

Guide To Affordable Housing in Valencia County, New Mexico

There are 16 low income housing apartment communities offering 559 affordable apartments for rent in Valencia County, New Mexico.

Income Based Apartments in Valencia County, New Mexico

Valencia County features 289 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 Valencia County, New Mexico

There are 270 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Valencia County.

Housing Choice Vouchers in Valencia County, New Mexico

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

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

2021 Valencia 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.

Valencia County, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 16
Total Low Income Apartments 559
Total Housing Units with Rental Assistance 289
Percentage of Housing Units Occupied By Renters 20.3%
Average Renter Household Size 2.89
Average Household Size 2.78
Median Household Income $41,703 ±$1,617
Median Rent $756 ±$56
Percentage Of Renters Overburdened 51.38% ± 6.25pp
Total Population 76,297

Population and Household Demographics

Valencia County is a county in New Mexico with a population of 76,297. There are 26,863 households in the county with an average household size of 2.78 persons. 20.3% of households in Valencia County are renters.

Income and Rent Overburden in Valencia County

The median gross income for households in Valencia County is $41,703 a year, or $3,475 a month. The median rent for the county is $756 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Valencia County, a household making less than $2,520 a month would be considered overburdened when renting an apartment at or above the median rent. 51.38% of households who rent are overburdened in Valencia County.

Area Median Income In Valencia 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 Valencia 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 Valencia 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 Valencia 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 Valencia County

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

City Served By
Adelino The HUD funded Public Housing Agencies that serve Adelino are the Western Regional Housing Authority and El Camino Real Housing Authority.
Belen The HUD funded Public Housing Agencies that serve Belen are the Western Regional Housing Authority and El Camino Real Housing Authority.
Bosque Farms The HUD funded Public Housing Agencies that serve Bosque Farms are the Western Regional Housing Authority and El Camino Real Housing Authority.
Casa Colorada The HUD funded Public Housing Agencies that serve Casa Colorada are the Western Regional Housing Authority and El Camino Real Housing Authority.
Chical The HUD funded Public Housing Agencies that serve Chical are the Western Regional Housing Authority and El Camino Real Housing Authority.
El Cerro The HUD funded Public Housing Agencies that serve El Cerro are the Western Regional Housing Authority and El Camino Real Housing Authority.
El Cerro Mission The HUD funded Public Housing Agencies that serve El Cerro Mission are the Western Regional Housing Authority and El Camino Real Housing Authority.
Highland Meadows The HUD funded Public Housing Agencies that serve Highland Meadows are the Western Regional Housing Authority and El Camino Real Housing Authority.
Jarales The HUD funded Public Housing Agencies that serve Jarales are the Western Regional Housing Authority and El Camino Real Housing Authority.
Las Maravillas The HUD funded Public Housing Agencies that serve Las Maravillas are the Western Regional Housing Authority and El Camino Real Housing Authority.
Los Chaves The HUD funded Public Housing Agencies that serve Los Chaves are the Western Regional Housing Authority and El Camino Real Housing Authority.
Los Lunas The HUD funded Public Housing Agencies that serve Los Lunas are the Western Regional Housing Authority and El Camino Real Housing Authority.
Madrone The HUD funded Public Housing Agencies that serve Madrone are the Western Regional Housing Authority and El Camino Real Housing Authority.
Meadow Lake The HUD funded Public Housing Agencies that serve Meadow Lake are the Western Regional Housing Authority and El Camino Real Housing Authority.
Monterey Park The HUD funded Public Housing Agencies that serve Monterey Park are the Western Regional Housing Authority and El Camino Real Housing Authority.
Peralta The HUD funded Public Housing Agencies that serve Peralta are the Western Regional Housing Authority and El Camino Real Housing Authority.
Pueblitos The HUD funded Public Housing Agencies that serve Pueblitos are the Western Regional Housing Authority and El Camino Real Housing Authority.
Rio Communities The HUD funded Public Housing Agencies that serve Rio Communities are the Western Regional Housing Authority and El Camino Real Housing Authority.
Sausal The HUD funded Public Housing Agencies that serve Sausal are the Western Regional Housing Authority and El Camino Real Housing Authority.
Tome The HUD funded Public Housing Agencies that serve Tome are the Western Regional Housing Authority and El Camino Real Housing Authority.
Valencia The HUD funded Public Housing Agencies that serve Valencia are the Western Regional Housing Authority and El Camino Real Housing Authority.