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

Discover affordable housing in Carthage where there are 4+ 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.

Jackson Terrace

700 Anderson St, Carthage, North Carolina 28327

Providence Place VIII

Sanford St @ Rockingham St Ext, Carthage, North Carolina 28327

Jackson Terrace II Llc

Anderson St and Hwy 24/27, Carthage, North Carolina 28327

North Carolina Dept. Comm

Anderson And Currie Sts, Carthage, North Carolina 0

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Carthage, North Carolina
$18.84/hour
$11.59 (+160%) more than North Carolina minimum wage and $11.59 (+160%) more than the Federal minimum wage.
Learn More About Carthage, North Carolina Affordable Housing ↓

What HUD offices serve Carthage, 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 Carthage, North Carolina.

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

How many renters live in Carthage, North Carolina?

The City of Carthage has 2,779 people living in 1,124 households.

There are 335 renters living in 245 renter households in this City. Renters make up 12.05 percent of the population living in Carthage.

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

There are an estimated 1,300 housing units in the Carthage area. Of these, 268 units are rental homes, making up 21 percent of the housing market. For every renter household in Carthage, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Carthage?

The rental vacancy rate in Carthage is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Carthage for each bedroom size?

Occupied Rental Units by Size in Carthage
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
54 60 104 27 0
Occupied Rental Units by Size in Carthage

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

Among renter households in this market, 55 percent have housing cost burden. Further, 32 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 Carthage

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $863 to $1,689. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $863
One BR $886
Two BR $995
Three BR $1,402
Four BR $1,689
2024 Fair Market Rents in Carthage, North Carolina

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

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 16 30 percent
One BR 52 87 percent
Two BR 32 31 percent
Rental Units Below FMR in Carthage, North Carolina

How many affordable rental units are in Carthage?

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

Federal Program Unit Count
Low Income Housing Tax Credit 38
Section 202 Supportive Housing for the Elderly 18
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Carthage, North Carolina

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

Income Based Apartments in Carthage, North Carolina

Carthage features 19 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 Carthage, North Carolina

There are 54 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Carthage.

Housing Choice Vouchers in Carthage, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Carthage, North Carolina for a two-bedroom apartment is between $896 and $1,095.

Sourced from federal housing data and AffordableHousingOnline.com research.