Low Income Apartments and Affordable Housing For Rent in Forest City, NC

Discover affordable housing in Forest City where there are 9+ 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.

Rutherford Manor I

775 S Church St, Forest City, North Carolina 28043

Rosedale Phase II

121 Holly Lane, Forest City, North Carolina 28043

The Highlands Apartments

171 Butler Rd, Forest City, North Carolina 28043

Heritage Village

100 Heritage Drive, Forest City, North Carolina 28043

Harmony Hills

375 Harmon St, Forest City, North Carolina 28043

Oak Villa Apartments

242 E Spruce St, Forest City, North Carolina 28043

Arc Hds Rutherford County Group Home 2

701 W Main Dr, Forest City, North Carolina 28043

Arc Hds Rutherford County Group Home 1

132 Bellview St, Forest City, North Carolina 28043

Amity Apartments

116 Maple St, Forest City, North Carolina 28043

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Forest City, North Carolina
$16.21/hour
$8.96 (+124%) more than North Carolina minimum wage and $8.96 (+124%) more than the Federal minimum wage.
Learn More About Forest City, North Carolina Affordable Housing ↓

What HUD offices serve Forest City, 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 Public Housing programs for Forest City, North Carolina.
Operates the Section 8 Housing Choice Voucher (HCV), Homeownership Voucher, Veteran Affairs Supportive Housing (VASH) programs for Forest City, North Carolina.

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

How many renters live in Forest City, North Carolina?

The City of Forest City has 7,357 people living in 2,691 households.

There are 3,682 renters living in 1,487 renter households in this City. Renters make up 50.05 percent of the population living in Forest City.

What is the rental market like in Forest City, North Carolina?

There are an estimated 3,235 housing units in the Forest City area. Of these, 1,511 units are rental homes, making up 47 percent of the housing market. For every renter household in Forest City, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Forest City?

The rental vacancy rate in Forest City is 2 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 Forest City for each bedroom size?

Occupied Rental Units by Size in Forest City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
130 189 770 360 38
Occupied Rental Units by Size in Forest City

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

Among renter households in this market, 50 percent have housing cost burden. Further, 34 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 Forest City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $733 to $1,367. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $733
One BR $737
Two BR $856
Three BR $1,117
Four BR $1,367
2024 Fair Market Rents in Forest City, North Carolina

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

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 54 42 percent
One BR 181 96 percent
Two BR 579 75 percent
Rental Units Below FMR in Forest City, North Carolina

How many affordable rental units are in Forest City?

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

Federal Program Unit Count
Low Income Housing Tax Credit 67
Public Housing 149
Section 8 Project-Based Rental Assistance 57
Section 202 Supportive Housing for the Elderly 36
Section 811 Supportive Housing for Persons with Disabilities 6
USDA Section 515 Rural Rental Housing 166
Tracked Units by Federal Program in Forest City, North Carolina

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

Income Based Apartments in Forest City, North Carolina

Forest City features 436 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 Forest City, North Carolina

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Forest City.

Housing Choice Vouchers in Forest City, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Forest City, North Carolina for a two-bedroom apartment is between $770 and $942.

Sourced from federal housing data and AffordableHousingOnline.com research.