BROADWAY APTS
LIHTC- Income-restricted units
- 78 of 78
- Year placed in service
- 1997
Estimated total housing cost: $1,067 rent + $98 utilities = $1,165/mo
Contact property management for current availability. Waitlists may apply.
Affordable apartments in Hobbs, New Mexico
9 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.
7 lihtc1 section 2021 section 8
Buildings
THE CEDARS
Section 202- Income-restricted units
- 63 of 63
- Year placed in service
- Not reported
Estimated total housing cost: $1,067 rent + $98 utilities = $1,165/mo
Contact property management for current availability. Waitlists may apply.
THE CEDARS
Section 8- Income-restricted units
- 63 of 63
- Year placed in service
- Not reported
Estimated total housing cost: $1,067 rent + $98 utilities = $1,165/mo
Contact property management for current availability. Waitlists may apply.
WILLOW BEND VILLAS
LIHTC- Income-restricted units
- 60 of 60
- Year placed in service
- 2005
- Bedroom mix
- 12 1BR · 28 2BR · 20 3BR
Estimated total housing cost: $1,067 rent + $98 utilities = $1,165/mo
Contact property management for current availability. Waitlists may apply.
LA PRADERA
LIHTC- Income-restricted units
- 60 of 60
- Year placed in service
- 9999
Estimated total housing cost: $1,067 rent + $98 utilities = $1,165/mo
Contact property management for current availability. Waitlists may apply.
SUNRISE HOMES
LIHTC- Income-restricted units
- 32 of 32
- Year placed in service
- 1998
- Bedroom mix
- 8 1BR · 8 2BR · 16 3BR
Estimated total housing cost: $1,067 rent + $98 utilities = $1,165/mo
Contact property management for current availability. Waitlists may apply.
BROADWAY PLACE
LIHTC- Income-restricted units
- 12 of 12
- Year placed in service
- 1998
- Bedroom mix
- 8 1BR · 4 3BR
Estimated total housing cost: $1,067 rent + $98 utilities = $1,165/mo
Contact property management for current availability. Waitlists may apply.
PLAYA ESCONDIDA APARTMENTS
LIHTC- Income-restricted units
- Not reported
- Year placed in service
- 8888
Estimated total housing cost: $1,067 rent + $98 utilities = $1,165/mo
Contact property management for current availability. Waitlists may apply.
CASA HERMOSA
LIHTC- Income-restricted units
- Not reported of 73
- Year placed in service
- 8888
Estimated total housing cost: $1,067 rent + $98 utilities = $1,165/mo
Contact property management for current availability. Waitlists may apply.
Map
Each pin is one income-restricted building. Color-coded by program. Click a pin for details.
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Energy costs in New Mexico
Residential electricity in New Mexico runs about 15.15¢/kWh, with a typical monthly residential electric bill near $98. Natural gas runs about $11.81/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.
Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.
Check your affordability tier
Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.
Fair Market Rent for Hobbs, NM
Metro-level| Bedrooms | Local FMR | National median |
|---|---|---|
| Studio | $907 | n/a |
| 1 bedroom | $1,014 | n/a |
| 2 bedroom | $1,067 | $1,502 |
| 3 bedroom | $1,387 | n/a |
| 4 bedroom | $1,601 | n/a |
Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.
HUD income limits : Lea County, NM
FY2025. Area median income: $79,900.
| Household size | 30% AMI | 50% AMI | 80% AMI |
|---|---|---|---|
| 1 person | $16,800 | $28,000 | $44,750 |
| 2 people | $21,150 | $32,000 | $51,150 |
| 3 people | $26,650 | $36,000 | $57,550 |
| 4 people | $32,150 | $39,950 | $63,900 |
| 5 people | $37,650 | $43,150 | $69,050 |
| 6 people | $43,150 | $46,350 | $74,150 |
| 7 people | $48,650 | $49,550 | $79,250 |
| 8 people | $52,750 | $52,750 | $84,350 |
HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.
Affordable rentals in nearby New Mexico cities
About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.
See also: Hobbs cost-of-living and Fair Market Rent overview