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Discover affordable housing in Farmington where there are 12+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.
1600 Cliffside Dr, Farmington, New Mexico 87401
2500 W Apache St, Farmington, New Mexico 87401
4701 Hilltop Ct, Farmington, New Mexico 87402
711 La Plata Dr, Farmington, New Mexico 87401
bed3
payment$1300/mo.
814 E Murray Dr, Farmington, New Mexico 87401
711 La Plata Dr, Farmington, New Mexico 87401
bed3
payment$1300/mo.
510 E Hopi St, Farmington, New Mexico 87401
bed3
payment$1400/mo.
616 W La Plata St, Farmington, New Mexico 87401
bed2
payment$800/mo.
2550 E 16th St, Farmington, New Mexico 87401
900 Cannery Ct, Farmington, New Mexico 87401
bed2-3
payment$833-1125/mo.
3500 N Butler Ave, Farmington, New Mexico 87401
1750 E Elm St, Farmington, New Mexico 0
How To Identify Affordable Housing in Farmington, New Mexico
Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.
| Badge | Description |
|---|---|
switch_access_shortcutShort Wait | Low income apartments with no or short waiting lists. |
paymentSubsidized | Low income housing where the rent is subsidized and the renter pays only a portion of total rent. |
real_estate_agentAccepts Vouchers | Apartments that accept Section 8 vouchers near you |
elderlySenior | Rental housing for seniors who are 55 (or sometimes 62) and older. |
paymentIncome Based | Affordable apartments where the rent paid is based on renter income. |
accessibilityAccessible | Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy. |
accessible_forwardDisability | Apartments for individuals or families with disabilities. |
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The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment InFarmington, New Mexico
$19.17/hour
(+60%) more thanNew Mexico minimum wage and
$11.92(+164%) more than the Federal minimum wage.
Learn More About Farmington, New Mexico AffordableHousing ↓
What HUD offices serve Farmington, New Mexico?
Public Housing Agencies operate federally assisted affordable housing programs atlocal levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within theirjurisdiction.
Housing Authority of the County of San Juan
Operates the Section 8 Housing Choice Voucher (HCV) programs for Farmington, New Mexico.
Northern Regional Housing Authority
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Veteran Affairs Supportive Housing (VASH) programs for Farmington, New Mexico.
Go to theNew MexicoPublic Housing and Low-Income Apartments Waiting Lists page for openings near Farmington.
How many renters live in Farmington, New Mexico?
The City of Farmington has 46,457people living in 15,868 households.
There are 17,716 renters living in5,882 renter households in thisCity. Renters make up 38.13percent of the population living in Farmington.
What is the rental market like in Farmington, New Mexico?
There are an estimated 17,708 housing units in theFarmington area. Of these, 6,706 units are rentalhomes, making up 38 percent of the housing market. Forevery renter household in Farmington, New Mexico, there are1 rental units.
What is the vacancy rate for rentals in Farmington?
The rental vacancy rate in Farmington is 12 percent.This is ahigher than averagevacancy rate.When rental vacancy rates are high it means that there are a lot of available units and rents tendto be lower.
How many rental units are in Farmington for each bedroom size?
Occupied Rental Units by Size in Farmington
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 582 622 2,165 2,115 338 Occupied Rental Units by Size in Farmington
A large number of apartments in Farmington have two or fewer bedrooms. Seniors and youngprofessionalsespecially may have more success finding an apartment that meets their needs.
How many renter households in Farmington are overburdened by housing costs?
Among renter households in this market, 42percent havehousing cost burden. Further, 22percent of households are extremely rent overburdened. When renters pay too much for their housing, itleaveslittle money for other necessities like food, clothes, or medicine.
The federal government says that renters arecost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Farmington
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $843 to $1,526. FMRs areupdated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $843 One BR $847 Two BR $1,012 Three BR $1,426 Four BR $1,526 2024 Fair Market Rents in Farmington, New Mexico
How many units are rented at Fair Market Rent (FMR) in Farmington?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s FairMarket Rent. Markets with a large share of units above FMR tend to have longer search times to find aqualified unit, while those with a large share of units below FMR tend to have more choices and shortersearch times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:Unit Size Count of Units Below FMR Percentage of Total Units Below FMR Studio 361 62 percent One BR 424 68 percent Two BR 1,431 66 percent Rental Units Below FMR in Farmington, New Mexico
How many affordable rental units are in Farmington?
There are a variety of federal affordable housing programs serving households inFarmington, New Mexico including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit 341 Section 8 Project-Based Rental Assistance 186 Tracked Units by Federal Program in Farmington, New Mexico
Income Based Apartments in Farmington, New Mexico
Farmington features 146 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.
Low Rent Apartments in Farmington, New Mexico
There are 198 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Farmington.
Housing Choice Vouchers in Farmington, New Mexico
On average, Section 8 Housing Choice vouchers pay Farmington landlords$400 per month towards rent. The average voucher holdercontributes $400 towards rent inFarmington.
The maximum amount a voucher would pay on behalf of a low-income tenant in Farmington, New Mexico fora two-bedroom apartment is between $911 and $1,113.
Sourced from federal housing data and AffordableHousingOnline.comresearch.
Affordable Housing Tip
You can still apply to online applications without internet access.
If you don't have internet access, go to a local public library that has devices with an online connection.
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