How many renters live in Winterville, North Carolina?
The City of Winterville has 10,510 people living in 4,309 households.
There are 1,282 renters living in 553 renter households in this City. Renters make up 12.2 percent of the population living in Winterville.
What is the rental market like in Winterville, North Carolina?
There are an estimated 4,493 housing units in the Winterville area. Of these, 584 units are rental homes, making up 13 percent of the housing market. For every renter household in Winterville, North Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Winterville?
The rental vacancy rate in Winterville is 5 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 Winterville for each bedroom size?
Occupied Rental Units by Size in Winterville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 130 | 207 | 196 | 20 |
Occupied Rental Units by Size in Winterville
A large number of apartments in Winterville 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 Winterville are overburdened by housing costs?
Among renter households in this market, 41 percent have housing cost burden. Further, 22 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 Winterville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $925 to $1,960. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $925 |
| One BR | $931 |
| Two BR | $1,155 |
| Three BR | $1,570 |
| Four BR | $1,960 |
2024 Fair Market Rents in Winterville, North Carolina
How many units are rented at Fair Market Rent (FMR) in Winterville?
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 |
| One BR | 119 | 92 percent |
| Two BR | 157 | 76 percent |
Rental Units Below FMR in Winterville, North Carolina
How many affordable rental units are in Winterville?
There are a variety of federal affordable housing programs serving households in Winterville, North Carolina including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 30 |
| USDA Section 515 Rural Rental Housing | 122 |
Tracked Units by Federal Program in Winterville, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Winterville, North Carolina
Winterville features 69 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 Winterville, North Carolina
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Winterville.
Housing Choice Vouchers in Winterville, North Carolina
On average, Section 8 Housing Choice vouchers pay Winterville landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Winterville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Winterville, North Carolina for a two-bedroom apartment is between $1,040 and $1,271.
Sourced from federal housing data and AffordableHousingOnline.com research.
