Fair Market Rent - Lea County, NM
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $801 |
| 1 Bedroom | $889 |
| 2 Bedroom | $1,168 |
| 3 Bedroom | $1,487 |
| 4 Bedroom | $1,642 |
Income Limits - Lea County, NM
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,950
- Very Low (50%)
- $21,600
- Low (80%)
- $34,550
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,650
- Low (80%)
- $39,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,750
- Low (80%)
- $44,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,800
- Low (80%)
- $49,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,300
- Low (80%)
- $53,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $35,750
- Low (80%)
- $57,200
- Extremely Low (30%)
- $38,200
- Very Low (50%)
- $38,200
- Low (80%)
- $61,150
- Extremely Low (30%)
- $40,700
- Very Low (50%)
- $40,700
- Low (80%)
- $65,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,950 | $21,600 | $34,550 |
| 2 Persons | $17,420 | $24,650 | $39,450 |
| 3 Persons | $21,960 | $27,750 | $44,400 |
| 4 Persons | $26,500 | $30,800 | $49,300 |
| 5 Persons | $31,040 | $33,300 | $53,250 |
| 6 Persons | $35,580 | $35,750 | $57,200 |
| 7 Persons | $38,200 | $38,200 | $61,150 |
| 8 Persons | $40,700 | $40,700 | $65,100 |
Frequently Asked Questions About Housing in Hobbs, NM
How many affordable housing options are in Hobbs, New Mexico?+
There are 7 affordable housing properties in Hobbs, New Mexico, including 7 Low-Income Housing Tax Credit (LIHTC) listings. Browse the full list above to find options that fit your needs.
What is the average rent for affordable housing in Hobbs, New Mexico?+
The Fair Market Rent for Lea County, New Mexico is: Studio: $801, 1BR: $889, 2BR: $1168, 3BR: $1487. Subsidized housing typically charges tenants 30% of their adjusted gross income, which may be significantly less than FMR.
How do I apply for Section 8 housing in Hobbs, New Mexico?+
To apply for Section 8 (Housing Choice Voucher) in Hobbs, New Mexico, contact your local housing authority. You can browse the housing authority listings on this page to find contact information. Applications are typically accepted when the waitlist is open. Eligibility is based on income (generally below 50% of Area Median Income), family size, and citizenship status.
What are the income limits for affordable housing in Lea County, New Mexico?+
For a 4-person household in Lea County, New Mexico, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,800, Low Income (80% AMI): $49,300. Income limits vary by household size and are updated annually by HUD.
What types of affordable housing are available in Hobbs, New Mexico?+
Hobbs, New Mexico has the following types of affordable housing: LIHTC properties (privately owned, tax-credit funded affordable apartments). Each program has different eligibility requirements and application processes.
What is the population of Hobbs, New Mexico?+
Hobbs, New Mexico has an estimated population of 38,475. With 7 affordable housing properties serving the area, there are housing assistance options available for eligible residents.