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Cheap Apartments In Lincolnton
Lincoln County,Georgia

Image of Lincoln Apartments
281 May Ave
Lincolnton, Georgia
Lincoln Apartments is a 24 unit low income housing apartment community in Lincolnton.
Apartments in this community are not rent subsidized. However, this apartment community has rents considered affordable for low income families in Lincolnton.
Income Based
Section 515 Rural Rental Housing
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166 Lincoln Ave
Lincolnton, Georgia
166 Lincoln Ave is a 60 unit low income housing apartment community in Lincolnton.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Income Based
Public Housing
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There are 2 low income housing apartment complexes which contain 84 affordable apartments for rent in Lincolnton, Georgia. Many of these rental apartments are income based housing with about 60 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 0 Project-Based Section 8 subsidized apartments in Lincolnton. There are 0 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Lincolnton

The Housing Authority of the City of Lincolnton is a Public Housing public housing agency in Lincolnton, Georgia.

The Georgia Department of Community Affairs is a Section 8 public housing agency in Atlanta, Georgia.

Understanding Affordable Housing in Lincolnton, Georgia

Lincolnton, GA Affordable Housing Snapshot

Total Affordable Apartment Properties2
Total Low Income Apartments84
Total Rent Assisted Apartments60
Percentage of Housing Units Occupied By Renters42.6%
Average Renter Household Size1.97
Total Population1,518
Housing Units655
Average Household Size2.18
Median Household Income$31,475 ±$4,432
Median Rent$499 ±$261
Percentage Of Renters Overburdened38.71% ± 12.28pp

Population and Household Demographics

Lincolnton is a City in Lincoln County, Georgia with a population of 1,518. There are 655 households in the city with an average household size of 2.18 persons. 42.6% of households in Lincolnton are renters.

Income and Rent Overburden in Lincolnton

The median gross income for households in Lincolnton is $31,475 a year, or $2,623 a month. The median rent for the city is $499 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lincolnton, a household making less than $1,663 a month would be considered overburdened when renting an apartment at or above the median rent.38.71% of households who rent are overburdened in Lincolnton.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 12.28 percentage points.

Area Median Income In Lincolnton

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Lincolnton, the AMI is calculated from all households within Lincoln County.

In Lincolnton, HUD calculates the Area Median Income for a family of four as $45,700

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Lincolnton

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Lincolnton HUD Rental Assistance in Lincolnton

AMI Band1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

You can identify apartment communities that participate in the program in Lincolnton by looking for the tag in the apartment list above. View Apartments.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Lincolnton

AMI Band1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
HERA 50%$17,400$19,900$22,400$24,850$26,850$28,850$30,850$32,850
HERA 60%$20,880$23,880$26,880$29,820$32,220$34,620$37,020$39,420

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Lincolnton is $26,460 a year, or $2,205 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,205 by 30% to get a maximum rent of $662 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMIStudio1 Bed2 Bed3 Bed4 Bed5 Bed
Fair Market Rents in Lincolnton

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2018 Fair Market Rents
StudioOne BRTwo BRThree BRFour BR