
NM housing authority finds nearly half of renters statewide are ‘cost-burdened’ • Source New Mexico
As for rent, low-income renters face a particularly tight market, because when they get priced out of one development, there may not be a comparably priced apartment or rental home nearby. Data in Monday’s report showed a roughly 5% vacancy rate for rentals priced at $800 per month, compared to a nearly 26% vacancy rate for rentals at $2,000 or more.