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

Discover affordable housing in Clyde 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.

Depot Street / Windy Hill

79 Depot Street, Clyde, North Carolina 28721

Aviemore Village

607 Lee Rd, Clyde, North Carolina 28721

Timber Ridge Apts

110 Timber Ridge Circle, Clyde, North Carolina

Meadowlands II

1923 Jones Cove Rd, Clyde, North Carolina 28721

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 Clyde, North Carolina
$23.43/hour
$16.18 (+223%) more than North Carolina minimum wage and $16.18 (+223%) more than the Federal minimum wage.
Learn More About Clyde, North Carolina Affordable Housing ↓

What HUD offices serve Clyde, 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 Clyde, North Carolina.

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

How many renters live in Clyde, North Carolina?

The City of Clyde has 1,424 people living in 546 households.

There are 297 renters living in 157 renter households in this City. Renters make up 20.86 percent of the population living in Clyde.

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

There are an estimated 555 housing units in the Clyde area. Of these, 157 units are rental homes, making up 28 percent of the housing market. For every renter household in Clyde, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Clyde?

The rental vacancy rate in Clyde 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 Clyde for each bedroom size?

Occupied Rental Units by Size in Clyde
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
11 27 71 48 0
Occupied Rental Units by Size in Clyde

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

Among renter households in this market, 62 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 Clyde

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,068 to $1,692. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,068
One BR $1,102
Two BR $1,237
Three BR $1,496
Four BR $1,692
2024 Fair Market Rents in Clyde, North Carolina

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

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 1 9 percent
One BR 22 81 percent
Two BR 64 90 percent
Rental Units Below FMR in Clyde, North Carolina

How many affordable rental units are in Clyde?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 60
Tracked Units by Federal Program in Clyde, North Carolina

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

Income Based Apartments in Clyde, North Carolina

Clyde features 28 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 Clyde, North Carolina

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Clyde.

Housing Choice Vouchers in Clyde, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Clyde, North Carolina for a two-bedroom apartment is between $1,113 and $1,361.

Sourced from federal housing data and AffordableHousingOnline.com research.