Low Income Apartments and Affordable Housing For Rent in Sylva, NC

Discover affordable housing in Sylva where there are 5+ 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.

River Park Apartments

93 Wind Crest Ridge, Sylva, North Carolina 28779

Reedwood Manor

59 Manor Trce, Sylva, North Carolina 28779

The Village Apartments

45 Winterhaven Dr, Sylva, North Carolina 28779

The Haven at Mnt. Oaks

140A Dakota Drive, Sylva, North Carolina 28779

High Ridge

282 Conner Road, Sylva, North Carolina 28779

calendar_today Opened: Sep 6
Open Until Further Notice

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Sylva, North Carolina
$16.95/hour
$9.70 (+134%) more than North Carolina minimum wage and $9.70 (+134%) more than the Federal minimum wage.
Learn More About Sylva, North Carolina Affordable Housing ↓

What HUD offices serve Sylva, North Carolina?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Sylva, North Carolina.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Sylva, North Carolina.

Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Sylva.

How many renters live in Sylva, North Carolina?

The City of Sylva has 2,601 people living in 1,020 households.

There are 1,429 renters living in 612 renter households in this City. Renters make up 54.94 percent of the population living in Sylva.

What is the rental market like in Sylva, North Carolina?

There are an estimated 1,257 housing units in the Sylva area. Of these, 612 units are rental homes, making up 49 percent of the housing market. For every renter household in Sylva, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Sylva?

The rental vacancy rate in Sylva is 0 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 Sylva for each bedroom size?

Occupied Rental Units by Size in Sylva
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
65 98 273 153 23
Occupied Rental Units by Size in Sylva

A large number of apartments in Sylva 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 Sylva are overburdened by housing costs?

Among renter households in this market, 56 percent have housing cost burden. Further, 40 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 Sylva

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $776 to $1,192. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $776
One BR $797
Two BR $895
Three BR $1,187
Four BR $1,192
2024 Fair Market Rents in Sylva, North Carolina

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

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 36 55 percent
One BR 89 91 percent
Two BR 193 71 percent
Rental Units Below FMR in Sylva, North Carolina

How many affordable rental units are in Sylva?

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

Federal Program Unit Count
Low Income Housing Tax Credit 162
Section 8 Project-Based Rental Assistance 14
Tracked Units by Federal Program in Sylva, North Carolina

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

Income Based Apartments in Sylva, North Carolina

Sylva features 81 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 Sylva, North Carolina

There are 66 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sylva.

Housing Choice Vouchers in Sylva, North Carolina

On average, Section 8 Housing Choice vouchers pay Sylva landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Sylva.

The maximum amount a voucher would pay on behalf of a low-income tenant in Sylva, North Carolina for a two-bedroom apartment is between $806 and $985.

Sourced from federal housing data and AffordableHousingOnline.com research.