What HUD offices serve Raeford, 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.
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Raeford.
How many renters live in Raeford, North Carolina?
The City of Raeford has 4,570 people living in 1,767 households.
There are 1,981 renters living in 832 renter households in this City. Renters make up 43.35 percent of the population living in Raeford.
What is the rental market like in Raeford, North Carolina?
There are an estimated 2,032 housing units in the Raeford area. Of these, 880 units are rental homes, making up 43 percent of the housing market. For every renter household in Raeford, North Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Raeford?
The rental vacancy rate in Raeford is 0 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 Raeford for each bedroom size?
Occupied Rental Units by Size in Raeford
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 58 | 162 | 304 | 274 | 34 |
Occupied Rental Units by Size in Raeford
A large number of apartments in Raeford 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 Raeford are overburdened by housing costs?
Among renter households in this market, 50 percent have housing cost burden. Further, 28 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 Raeford
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $793 to $1,780. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $793 |
| One BR | $798 |
| Two BR | $1,049 |
| Three BR | $1,478 |
| Four BR | $1,780 |
2024 Fair Market Rents in Raeford, North Carolina
How many units are rented at Fair Market Rent (FMR) in Raeford?
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 | 46 | 79 percent |
| One BR | 162 | 100 percent |
| Two BR | 256 | 84 percent |
Rental Units Below FMR in Raeford, North Carolina
How many affordable rental units are in Raeford?
There are a variety of federal affordable housing programs serving households in Raeford, North Carolina including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 279 |
| Section 8 Project-Based Rental Assistance | 89 |
| Section 811 Supportive Housing for Persons with Disabilities | 6 |
| USDA Section 515 Rural Rental Housing | 259 |
Tracked Units by Federal Program in Raeford, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Raeford, North Carolina
Raeford features 241 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 Raeford, North Carolina
There are 183 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Raeford.
Housing Choice Vouchers in Raeford, North Carolina
On average, Section 8 Housing Choice vouchers pay Raeford landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Raeford.
The maximum amount a voucher would pay on behalf of a low-income tenant in Raeford, North Carolina for a two-bedroom apartment is between $944 and $1,154.
Sourced from federal housing data and AffordableHousingOnline.com research.
