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

Discover affordable housing in Pinetops where there are 2+ 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.

Wilshire Apartments

806 Old Wilson Road, Pinetops, North Carolina 27864

Devonshire Housing Llc

400 Devonshire Drive, Pinetops, North Carolina 27864

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Pinetops, North Carolina
$19.60/hour
$12.35 (+170%) more than North Carolina minimum wage and $12.35 (+170%) more than the Federal minimum wage.
Learn More About Pinetops, North Carolina Affordable Housing ↓

What HUD offices serve Pinetops, 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 Pinetops, North Carolina.

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

How many renters live in Pinetops, North Carolina?

The City of Pinetops has 1,374 people living in 612 households.

There are 765 renters living in 294 renter households in this City. Renters make up 55.68 percent of the population living in Pinetops.

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

There are an estimated 692 housing units in the Pinetops area. Of these, 323 units are rental homes, making up 47 percent of the housing market. For every renter household in Pinetops, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Pinetops?

The rental vacancy rate in Pinetops is 9 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 Pinetops for each bedroom size?

Occupied Rental Units by Size in Pinetops
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
7 16 59 201 11
Occupied Rental Units by Size in Pinetops

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

Among renter households in this market, 33 percent have housing cost burden. Further, 19 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 Pinetops

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $825 to $1,579. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $825
One BR $830
Two BR $1,035
Three BR $1,395
Four BR $1,579
2024 Fair Market Rents in Pinetops, North Carolina

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

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 2 29 percent
One BR 16 100 percent
Two BR 30 51 percent
Rental Units Below FMR in Pinetops, North Carolina

How many affordable rental units are in Pinetops?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
Section 8 Project-Based Rental Assistance 44
USDA Section 515 Rural Rental Housing 73
Tracked Units by Federal Program in Pinetops, North Carolina

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

Income Based Apartments in Pinetops, North Carolina

Pinetops features 73 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 Pinetops, North Carolina

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

Housing Choice Vouchers in Pinetops, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Pinetops, North Carolina for a two-bedroom apartment is between $932 and $1,139.

Sourced from federal housing data and AffordableHousingOnline.com research.