Affordable & Low-Income Housing in Elephant Butte, NM 87935
No income-restricted buildings are listed in 87935 — here are the closest ones.
No income-restricted buildings are listed in Elephant Butte, NM 87935. 8 income-restricted buildings are listed nearby (within about 24 miles). These lists don't show openings — call to ask about vacancies and waiting lists.
Closest to 87935
Tradewinds Carriage Apartments
1301 N Pershing St, Truth or Consequences, NM 87901
7.9 mi away
32 units · 1–3 BR
Puesta De Sol
600 Tingley Street, Truth or Consequence, NM 87901
8.2 mi away
20 units · 2–3 BR
- 6 vacant units reported (Oct 2026) — call to confirm
Rio Abajo Apts
1485 E Second Ave, Truth or Consequences, NM 87901
8.5 mi away
42 units · 41 income-restricted
Villa Del Sol
249 E 2nd Ave Apt 9, Truth Or Consequences, NM 87901
8.5 mi away
100 units · 1–3 BR
- Apply through Housing Authority of the City of Truth or Consequences
- Residents waited about 11 months to move in (HUD, Oct 2026)
Nm Rio Abajo Msmc
1485 East 2nd St, Truth or Consequence, NM 87901
24.9 mi away
42 units · 1–2 BR
- 2 vacant units reported (Oct 2026) — call to confirm
Hacienda Orgullo
1425 E. Second St., Truth or Consequence, NM 87901
24.9 mi away
32 units · 1 BR
- 3 vacant units reported (Oct 2026) — call to confirm
No nearby buildings match this filter.
Rents and income limits in 87935
- Fair market rent, 2 bedrooms
- $1,400/mo
- Income needed to pay it at 30% of income
- $56,000/yr
- Renters in 87935 paying 30% or more of income on rent
- 79%
Income limits (2026)
Sierra County, NM area · median family income $71,300. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $15,960 | $25,550 | $40,850 |
| 2 | $21,640 | $29,200 | $46,650 |
| 3 | $27,320 | $32,850 | $52,500 |
| 4 | $33,000 | $36,450 | $58,300 |
| 5 | $38,680 | $39,400 | $63,000 |
| 6 | $42,300 | $42,300 | $67,650 |
| 7 | $45,200 | $45,200 | $72,300 |
| 8 | $48,150 | $48,150 | $77,000 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 87935 | Wider area |
|---|---|---|
| Studio | $970 | $706 |
| 1 bedroom | $1,080 | $780 |
| 2 bedrooms | $1,400 | $1,014 |
| 3 bedrooms | $1,940 | $1,404 |
| 4 bedrooms | $2,200 | $1,590 |
Wider area = Sierra County, NM. Two-bedroom fair market rents in 4 nearby ZIPs range from $1,010 (87901) to $1,030 (87939).
Census figures for 87935 (2020–2024 average): median rent $1,111. Median household income $51,033. 24% of homes are rented. 79% of renters pay 30% or more of their income on rent, and 38% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 87935's fair market rent.
Estimate your Section 8 rent share for 87935Frequently Asked Questions
Is there Section 8 housing in Elephant Butte, NM 87935?
Yes — this directory lists income-restricted buildings in Elephant Butte, NM 87935, including project-based Section 8 apartments (the subsidy stays with the unit), public housing, tax-credit, and USDA rural rentals. Housing Choice Vouchers are different: you apply with the local housing authority and can use them at a private landlord. Estimate your voucher rent share with the Section 8 calculator.
Do affordable housing buildings in Elephant Butte, NM 87935 have openings?
These lists for Elephant Butte, NM 87935 don't show openings. Call the property (or the housing authority, for public housing) to ask about vacancies and waiting lists.
How do I apply for affordable housing in Elephant Butte, NM 87935?
Use the phone number on each building card in Elephant Butte, NM 87935. Public housing is run by the local housing authority — apply with them, not at the building. USDA rural rentals can also be found through USDA's property search.
What counts as affordable housing in Elephant Butte, NM 87935?
In Elephant Butte, NM 87935, this directory lists income-restricted rentals from HUD tax-credit (LIHTC) records, public housing, HUD-assisted buildings (including project-based Section 8, 202, and 811), and USDA Rural Development.
How many affordable housing buildings are in ZIP 87935?
No income-restricted buildings are listed in ZIP 87935 right now. 8 nearby buildings are shown on this page. Call to confirm openings.
Is there affordable housing near 87935?
Yes — this page also lists 8 income-restricted buildings in ZIP codes near Elephant Butte, NM 87935 (within about 24 miles). Pick a nearby ZIP to see every building there.
People Also Ask
How do I qualify for affordable housing in Elephant Butte, NM 87935?
Most income-restricted buildings in Elephant Butte, NM 87935 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $25,550, and $36,450 for a 4-person household. Public housing can go up to 80% ($40,850 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Elephant Butte, NM 87935?
For many programs in Elephant Butte, NM 87935, the 2026 HUD very low-income (50%) limit is $25,550 a year for 1 person and $36,450 for 4 people. The low-income (80%) limit is $40,850 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How long is the waiting list for Section 8 in Elephant Butte, NM 87935?
There is no single waiting list for Elephant Butte, NM 87935. Public housing, project-based Section 8, and tax-credit buildings each keep their own list. Housing Choice Voucher lists at the housing authority open only sometimes and can stay closed for years. This directory does not show which lists are open — call the number on each card. Some public housing cards show HUD's reported wait in months.
What is the difference between Section 8 and public housing in Elephant Butte, NM 87935?
Public housing is owned by a housing authority — you apply with that agency, not at the building. Project-based Section 8 is a HUD contract on a private building; the subsidy stays with the apartment. A Housing Choice Voucher is different: you apply with the housing authority and can use it at a landlord who takes it. Estimate voucher rent share with the Section 8 calculator.
How much rent do you pay for low-income housing in Elephant Butte, NM 87935?
In public housing and most Section 8 in Elephant Butte, NM 87935, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Elephant Butte, NM 87935 is $1,400 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Can I use a Section 8 voucher at affordable apartments in Elephant Butte, NM 87935?
A Housing Choice Voucher is not automatically accepted at every building in Elephant Butte, NM 87935. Project-based Section 8 units already have a subsidy on the apartment — you apply there, not with a tenant voucher. For a voucher, apply with the housing authority, then ask each landlord. Estimate your share with the Section 8 calculator.
Is there senior affordable housing in Elephant Butte, NM 87935?
This page may still list buildings in Elephant Butte, NM 87935 that accept seniors without being senior-only. Use the filters and call to ask about age set-asides.
Nearby ZIP codes
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying.
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