How many renters live in Holly Ridge, North Carolina?
The City of Holly Ridge has 4,236 people living in 1,583 households.
There are 764 renters living in 345 renter households in this City. Renters make up 18.04 percent of the population living in Holly Ridge.
What is the rental market like in Holly Ridge, North Carolina?
There are an estimated 2,002 housing units in the Holly Ridge area. Of these, 401 units are rental homes, making up 20 percent of the housing market. For every renter household in Holly Ridge, North Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Holly Ridge?
The rental vacancy rate in Holly Ridge is 14 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 Holly Ridge for each bedroom size?
Occupied Rental Units by Size in Holly Ridge
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 58 | 16 | 270 | 0 |
Occupied Rental Units by Size in Holly Ridge
A large number of apartments in Holly Ridge 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 Holly Ridge are overburdened by housing costs?
Among renter households in this market, 32 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 Holly Ridge
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $904 to $2,162. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $904 |
| One BR | $1,030 |
| Two BR | $1,274 |
| Three BR | $1,795 |
| Four BR | $2,162 |
2024 Fair Market Rents in Holly Ridge, North Carolina
How many units are rented at Fair Market Rent (FMR) in Holly Ridge?
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 |
| One BR | 58 | 100 percent |
| Two BR | 0 | 100 percent |
Rental Units Below FMR in Holly Ridge, North Carolina
How many affordable rental units are in Holly Ridge?
There are a variety of federal affordable housing programs serving households in Holly Ridge, North Carolina including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 45 |
Tracked Units by Federal Program in Holly Ridge, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Holly Ridge, North Carolina
Holly Ridge features 45 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 Holly Ridge, North Carolina
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Holly Ridge.
Housing Choice Vouchers in Holly Ridge, North Carolina
On average, Section 8 Housing Choice vouchers pay Holly Ridge landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Holly Ridge.
The maximum amount a voucher would pay on behalf of a low-income tenant in Holly Ridge, North Carolina for a two-bedroom apartment is between $1,147 and $1,401.
Sourced from federal housing data and AffordableHousingOnline.com research.
