Low Income Apartments and Affordable Housing For Rent in Morehead City, NC

Discover affordable housing in Morehead City where there are 10+ 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.

Camellia Court Apartments

4609 Country Club Rd, Morehead City, North Carolina 28557

Westwood Square Apartments

403 Brooks St, Morehead City, North Carolina 28557

Westwood Square Apartments

501 Brook St, Morehead City, North Carolina 28557

Ekklesia

405 Barbour Rd, Morehead City, North Carolina 28557

Crystal Coast Apartments

2109 Mayberry Loop Rd, Morehead City, North Carolina 28557

Cac of Carteret Co.

406 Brook St, Morehead City, North Carolina 28557

Blue Point Bay Apartments

3616 Sunny Dr, Morehead City, North Carolina 28557

Macon Court Apartments

2112 Bay St, Morehead City, North Carolina 28557

Bayview Homes

1300 Bay St, Morehead City, North Carolina 28557

Kings Terrace

386 Macon Ct, Morehead City, North Carolina 28557

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Morehead City, North Carolina
$20.55/hour
$13.30 (+183%) more than North Carolina minimum wage and $13.30 (+183%) more than the Federal minimum wage.
Learn More About Morehead City, North Carolina Affordable Housing ↓

How many renters live in Morehead City, North Carolina?

The City of Morehead City has 9,632 people living in 4,961 households.

There are 4,198 renters living in 2,565 renter households in this City. Renters make up 43.58 percent of the population living in Morehead City.

What is the rental market like in Morehead City, North Carolina?

There are an estimated 6,320 housing units in the Morehead City area. Of these, 2,585 units are rental homes, making up 41 percent of the housing market. For every renter household in Morehead City, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Morehead City?

The rental vacancy rate in Morehead City is 1 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Morehead City for each bedroom size?

Occupied Rental Units by Size in Morehead City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
217 382 1,263 488 208
Occupied Rental Units by Size in Morehead City

A large number of apartments in Morehead City have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Morehead City are overburdened by housing costs?

Among renter households in this market, 59 percent have housing cost burden. Further, 28 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Morehead City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $820 to $1,812. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $820
One BR $826
Two BR $1,085
Three BR $1,454
Four BR $1,812
2024 Fair Market Rents in Morehead City, North Carolina

How many units are rented at Fair Market Rent (FMR) in Morehead City?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search 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 127 59 percent
One BR 190 50 percent
Two BR 651 52 percent
Rental Units Below FMR in Morehead City, North Carolina

How many affordable rental units are in Morehead City?

There are a variety of federal affordable housing programs serving households in Morehead City, North Carolina including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 316
Public Housing 145
Section 8 Project-Based Rental Assistance 126
Section 202 Supportive Housing for the Elderly 20
Section 811 Supportive Housing for Persons with Disabilities 8
USDA Section 515 Rural Rental Housing 36
Tracked Units by Federal Program in Morehead City, North Carolina

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Morehead City, North Carolina

Morehead City features 437 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Morehead City, North Carolina

There are 148 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Morehead City.

Housing Choice Vouchers in Morehead City, North Carolina

On average, Section 8 Housing Choice vouchers pay Morehead City landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Morehead City.

The maximum amount a voucher would pay on behalf of a low-income tenant in Morehead City, North Carolina for a two-bedroom apartment is between $977 and $1,194.

Sourced from federal housing data and AffordableHousingOnline.com research.