How many renters live in Ashe County, North Carolina?
The County of Ashe County has 26,759 people living in 11,823 households.
There are 5,391 renters living in 2,392 renter households in this County. Renters make up 20.15 percent of the population living in Ashe County.
What is the rental market like in Ashe County, North Carolina?
There are an estimated 17,026 housing units in the Ashe County area. Of these, 2,426 units are rental homes, making up 14 percent of the housing market. For every renter household in Ashe County, North Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Ashe County?
The rental vacancy rate in Ashe County 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 Ashe County for each bedroom size?
Occupied Rental Units by Size in Ashe County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 10 | 380 | 1,047 | 702 | 141 |
Occupied Rental Units by Size in Ashe County
A large number of apartments in Ashe County 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 Ashe County are overburdened by housing costs?
Among renter households in this market, 30 percent have housing cost burden. Further, 12 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 Ashe County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $674 to $1,224. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $674 |
| One BR | $678 |
| Two BR | $856 |
| Three BR | $1,089 |
| Four BR | $1,224 |
2024 Fair Market Rents in Ashe County, North Carolina
How many units are rented at Fair Market Rent (FMR) in Ashe County?
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 | 0 | 100 percent |
| One BR | 197 | 52 percent |
| Two BR | 622 | 59 percent |
Rental Units Below FMR in Ashe County, North Carolina
How many affordable rental units are in Ashe County?
There are a variety of federal affordable housing programs serving households in Ashe County, North Carolina including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 166 |
| Section 8 Project-Based Rental Assistance | 42 |
| Section 202 Supportive Housing for the Elderly | 24 |
| Section 811 Supportive Housing for Persons with Disabilities | 15 |
| USDA Section 515 Rural Rental Housing | 133 |
Tracked Units by Federal Program in Ashe County, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Ashe County, North Carolina
Ashe County features 226 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 Ashe County, North Carolina
There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ashe County.
Housing Choice Vouchers in Ashe County, North Carolina
On average, Section 8 Housing Choice vouchers pay Ashe County landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Ashe County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ashe County, North Carolina for a two-bedroom apartment is between $770 and $942.
Sourced from federal housing data and AffordableHousingOnline.com research.
