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Affordable Housing In Socorro
El Paso County, Texas

7 Low Income Apartment Communities In Socorro

Socorro Palms

11251 Socorro Road
Socorro, Texas
$545
1-4 BR
Accepts Vouchers

Socorro Village

148 Buford Rd
Socorro, Texas
Subsidized

Tierra Socorro Ltd

560 Three Missions Dr
Socorro, Texas
Accepts Vouchers

Ysleta Del Sur Pueblo Homes I

Tomas Granillo St
Socorro, Texas
Accepts Vouchers

Mision Del Valle Townhomes

621 Dindinger Rd
Socorro, Texas
Accepts Vouchers

Mission Pass

633 Dindinger Rd
Socorro, Texas
Accepts Vouchers

Tierra Socorro, Ltd

10560 N Loop Dr
Socorro, Texas
Accepts Vouchers
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Housing Authorities that serve Socorro

Housing Authority Programs
El Paso County Housing Authority Section 8 Housing Choice Voucher (HCV)
El Paso County Housing Authority Public Housing

Guide To Affordable Housing in Socorro, Texas

There are 7 low income housing apartment communities offering 398 affordable apartments for rent in Socorro, Texas.

Income Based Apartments in Socorro, Texas

Socorro features 50 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, Texas

There are 348 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Socorro.

Housing Choice Vouchers in Socorro, Texas

On average, Section 8 Housing Choice vouchers pay Socorro landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Socorro.

The maximum amount a voucher would pay on behalf of a low-income tenant in Socorro, Texas for a two-bedroom apartment is between $744 and $910.

2020 Socorro, Texas 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 $539 $677 $827 $1,173 $1,408
Payment Standard Range $485 to $593 $609 to $745 $744 to $910 $1,056 to $1,290 $1,267 to $1,549

Sourced from federal housing data and AffordableHousingOnline.com research.

Socorro, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 398
Total Housing Units with Rental Assistance 50
Percentage of Housing Units Occupied By Renters 25.58%
Average Renter Household Size 3.85
Average Household Size 3.66
Median Household Income $30,789 ±$1,712
Median Rent $649 ±$83
Percentage Of Renters Overburdened 53% ± 9.17pp
Total Population 32,877

Population and Household Demographics

Socorro is a city in El Paso County, Texas with a population of 32,877. There are 8,984 households in the city with an average household size of 3.66 persons. 25.58% of households in Socorro are renters.

Income and Rent Overburden in Socorro

The median gross income for households in Socorro is $30,789 a year, or $2,566 a month. The median rent for the city is $649 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Socorro, a household making less than $2,163 a month would be considered overburdened when renting an apartment at or above the median rent. 53% of households who rent are overburdened in Socorro.

Area Median Income In Socorro

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 Socorro, the AMI is calculated from all households within El Paso County.

In Socorro, HUD calculates the Area Median Income for a family of four as $52,500

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 Socorro

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

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 $30,680 $34,200 $36,550 $38,900
50% of Median $20,650 $23,600 $26,550 $29,450 $31,850 $34,200 $36,550 $38,900
80% of Median $33,000 $37,700 $42,400 $47,100 $50,900 $54,650 $58,450 $62,200