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There are 0 low-income apartments in Sierra County that offer reduced rents to eligible households.
Rental assistance programs support 310 low-income homes in Sierra County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $278 towards rent each month.
Affordable rent data for some communities last confirmed on June 24th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Sierra County, 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 |
|---|---|
| Truth or Consequences Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
| Western Regional Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
Sierra County, New Mexico Affordable Housing Data
Income Based Apartments in Sierra County, New Mexico
Sierra County features 310 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 Sierra County, New Mexico
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sierra County.
Housing Choice Vouchers in Sierra County, New Mexico
On average, Section 8 Housing Choice vouchers pay Sierra County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Sierra County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sierra County, New Mexico for a two-bedroom apartment is between $789 and $965.
2024 Sierra 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 | |
|---|---|---|---|---|---|
| Sierra County, New Mexico Fair Market Rent | $594 | $667 | $877 | $1,236 | $1,488 |
| Sierra County, New Mexico Payment Standard Range | $535 to $653 | $600 to $734 | $789 to $965 | $1,112 to $1,360 | $1,339 to $1,637 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Sierra County, NM Affordable Housing Snapshot
| Total Affordable Apartment Properties | 7 |
|---|---|
| Total Low Income Apartments | 311 |
| Total Housing Units with Rental Assistance | 310 |
| Percentage of Housing Units Occupied By Renters | 27.76% |
| Average Renter Household Size | 2.46 |
| Average Household Size | 2.25 |
| Median Household Income | $29,356 ±$2,872 |
| Median Rent | $575 ±$43 |
| Percentage Of Renters Overburdened | 42.93% ± 8.68pp |
| Total Population | 11,615 |
Population and Household Demographics
Sierra County is a county in New Mexico with a population of 11,615. There are 5,044 households in the county with an average household size of 2.25 persons. 27.76% of households in Sierra County are renters.
Income and Rent Overburden in Sierra County
The median gross income for households in Sierra County is $29,356 a year, or $2,446 a month. The median rent for the county is $575 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sierra County, a household making less than $1,917 a month would be considered overburdened when renting an apartment at or above the median rent. 42.93% of households who rent are overburdened in Sierra County.
Area Median Income In Sierra 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 Sierra County, HUD calculates the Area Median Income for a family of four as $62,200
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 Sierra 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 Sierra County
| 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 Sierra County 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 Sierra County 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 Sierra County 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 |
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