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

Discover affordable housing in Sharpsburg 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.

Pine Grove Apartments

113 E Main Street, Sharpsburg, North Carolina 27878

Fox Ridge Assoc

7 Barnhill St, Sharpsburg, North Carolina 27878

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Sharpsburg, 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 Sharpsburg, North Carolina Affordable Housing ↓

What HUD offices serve Sharpsburg, 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 Sharpsburg, North Carolina.

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

How many renters live in Sharpsburg, North Carolina?

The City of Sharpsburg has 1,504 people living in 632 households.

There are 713 renters living in 327 renter households in this City. Renters make up 47.41 percent of the population living in Sharpsburg.

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

There are an estimated 816 housing units in the Sharpsburg area. Of these, 378 units are rental homes, making up 46 percent of the housing market. For every renter household in Sharpsburg, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Sharpsburg?

The rental vacancy rate in Sharpsburg is 13 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 Sharpsburg for each bedroom size?

Occupied Rental Units by Size in Sharpsburg
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 33 154 140 0
Occupied Rental Units by Size in Sharpsburg

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

Among renter households in this market, 68 percent have housing cost burden. Further, 45 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 Sharpsburg

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 Sharpsburg, North Carolina

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

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 23 70 percent
Two BR 116 75 percent
Rental Units Below FMR in Sharpsburg, North Carolina

How many affordable rental units are in Sharpsburg?

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

Federal Program Unit Count
Low Income Housing Tax Credit 40
Section 8 Project-Based Rental Assistance 41
USDA Section 515 Rural Rental Housing 72
Tracked Units by Federal Program in Sharpsburg, North Carolina

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

Income Based Apartments in Sharpsburg, North Carolina

Sharpsburg features 72 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 Sharpsburg, North Carolina

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

Housing Choice Vouchers in Sharpsburg, North Carolina

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.