Low Income Apartments and Affordable Housing For Rent in Granite Quarry, NC

Discover affordable housing in Granite Quarry where there are 1+ 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.

White Rock Gardens

815 Dunns Mountain Rd, Granite Quarry, North Carolina 28146

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Granite Quarry, North Carolina
$21.23/hour
$13.98 (+193%) more than North Carolina minimum wage and $13.98 (+193%) more than the Federal minimum wage.
Learn More About Granite Quarry, North Carolina Affordable Housing ↓

What HUD offices serve Granite Quarry, 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), Public Housing programs for Granite Quarry, North Carolina.

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

How many renters live in Granite Quarry, North Carolina?

The City of Granite Quarry has 2,988 people living in 1,105 households.

There are 659 renters living in 340 renter households in this City. Renters make up 22.05 percent of the population living in Granite Quarry.

What is the rental market like in Granite Quarry, North Carolina?

There are an estimated 1,242 housing units in the Granite Quarry area. Of these, 401 units are rental homes, making up 32 percent of the housing market. For every renter household in Granite Quarry, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Granite Quarry?

The rental vacancy rate in Granite Quarry is 15 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 Granite Quarry for each bedroom size?

Occupied Rental Units by Size in Granite Quarry
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
10 49 250 15 16
Occupied Rental Units by Size in Granite Quarry

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

Among renter households in this market, 19 percent have housing cost burden. Further, 13 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 Granite Quarry

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $925 to $1,702. 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 $1,121
Three BR $1,483
Four BR $1,702
2024 Fair Market Rents in Granite Quarry, North Carolina

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

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 10 100 percent
One BR 49 100 percent
Two BR 231 92 percent
Rental Units Below FMR in Granite Quarry, North Carolina

How many affordable rental units are in Granite Quarry?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 29
Section 811 Supportive Housing for Persons with Disabilities 6
Tracked Units by Federal Program in Granite Quarry, North Carolina

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

Income Based Apartments in Granite Quarry, North Carolina

Granite Quarry features 30 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 Granite Quarry, North Carolina

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

Housing Choice Vouchers in Granite Quarry, North Carolina

On average, Section 8 Housing Choice vouchers pay Granite Quarry landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Granite Quarry.

The maximum amount a voucher would pay on behalf of a low-income tenant in Granite Quarry, North Carolina for a two-bedroom apartment is between $1,009 and $1,233.

Sourced from federal housing data and AffordableHousingOnline.com research.