Low Income Apartments and Affordable Housing For Rent in Pasquotank County, NC

Discover affordable housing in Pasquotank County 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.

Morgan Pointe Apartments

645 South Hughes Blvd, Elizabeth City, North Carolina 27909

calendar_today Opens: Apr 17

Reported On March 26th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Pasquotank County, North Carolina
$20.04/hour
$12.79 (+176%) more than North Carolina minimum wage and $12.79 (+176%) more than the Federal minimum wage.
Learn More About Pasquotank County, North Carolina Affordable Housing ↓

What HUD offices serve Pasquotank County, 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), Family Self-Sufficiency programs for Pasquotank County, North Carolina.

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

How many renters live in Pasquotank County, North Carolina?

The County of Pasquotank County has 40,454 people living in 15,422 households.

There are 12,881 renters living in 5,520 renter households in this County. Renters make up 31.84 percent of the population living in Pasquotank County.

What is the rental market like in Pasquotank County, North Carolina?

There are an estimated 17,445 housing units in the Pasquotank County area. Of these, 6,003 units are rental homes, making up 34 percent of the housing market. For every renter household in Pasquotank County, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Pasquotank County?

The rental vacancy rate in Pasquotank County is 6 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 Pasquotank County for each bedroom size?

Occupied Rental Units by Size in Pasquotank County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
69 811 1,581 2,740 255
Occupied Rental Units by Size in Pasquotank County

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

Among renter households in this market, 45 percent have housing cost burden. Further, 16 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 Pasquotank County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $717 to $1,749. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $717
One BR $805
Two BR $1,058
Three BR $1,454
Four BR $1,749
2024 Fair Market Rents in Pasquotank County, North Carolina

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

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 38 55 percent
One BR 455 56 percent
Two BR 909 57 percent
Rental Units Below FMR in Pasquotank County, North Carolina

How many affordable rental units are in Pasquotank County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 654
Public Housing 330
Section 8 Project-Based Rental Assistance 320
Section 811 Supportive Housing for Persons with Disabilities 1
USDA Section 515 Rural Rental Housing 214
Tracked Units by Federal Program in Pasquotank County, North Carolina

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

Income Based Apartments in Pasquotank County, North Carolina

Pasquotank County features 0 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 Pasquotank County, North Carolina

There are 120 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pasquotank County.

Housing Choice Vouchers in Pasquotank County, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Pasquotank County, North Carolina for a two-bedroom apartment is between $952 and $1,164.

Sourced from federal housing data and AffordableHousingOnline.com research.