Affordable Housing In Alexander County
5 Low Income Apartment Communities In Alexander County
Housing Authorities that serve Alexander County
|Western Piedmont Council of Governments Regional Housing Authority||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Alexander County, North Carolina
There are 5 low income housing apartment communities offering 174 affordable apartments for rent in Alexander County, North Carolina.
Income Based Apartments in Alexander County, North Carolina
Alexander County features 14 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 Alexander County, North Carolina
There are 160 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Alexander County.
Housing Choice Vouchers in Alexander County, North Carolina
On average, Section 8 Housing Choice vouchers pay Alexander County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Alexander County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Alexander County, North Carolina for a two-bedroom apartment is between $641 and $783.
2020 Alexander County, North Carolina Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
|Studio||One BR||Two BR||Three BR||Four BR|
|Fair Market Rent||$569||$573||$712||$918||$1,035|
|Payment Standard Range||$512 to $626||$516 to $630||$641 to $783||$826 to $1,010||$932 to $1,139|
Sourced from federal housing data and AffordableHousingOnline.com research.
Alexander County, NC Affordable Housing Snapshot
|Total Affordable Apartment Properties||5|
|Total Low Income Apartments||174|
|Total Housing Units with Rental Assistance||14|
|Percentage of Housing Units Occupied By Renters||24.48%|
|Average Renter Household Size||2.43|
|Average Household Size||2.65|
|Median Household Income||$39,365 ±$2,873|
|Median Rent||$584 ±$23|
|Percentage Of Renters Overburdened||36.19% ± 5.77pp|
Population and Household Demographics
Alexander County is a county in North Carolina with a population of 37,158. There are 13,581 households in the county with an average household size of 2.65 persons. 24.48% of households in Alexander County are renters.
Income and Rent Overburden in Alexander County
The median gross income for households in Alexander County is $39,365 a year, or $3,280 a month. The median rent for the county is $584 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Alexander County, a household making less than $1,947 a month would be considered overburdened when renting an apartment at or above the median rent. 36.19% of households who rent are overburdened in Alexander County.
Area Median Income In Alexander County
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.
In Alexander County, HUD calculates the Area Median Income for a family of four as $61,000
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 Alexander County
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 HUD Rental Assistance in Alexander County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,760||$17,240||$21,720||$26,200||$30,680||$34,550||$36,900||$39,300|
|50% of Median||$20,850||$23,800||$26,800||$29,750||$32,150||$34,550||$36,900||$39,300|
|80% of Median||$33,350||$38,100||$42,850||$47,600||$51,450||$55,250||$59,050||$62,850|
Cities In Alexander County
Select A City to View its Apartment Communities and Waiting Lists.
|Bethlehem||The HUD funded Public Housing Agency that serves Bethlehem is the Western Piedmont Council of Governments Regional Housing Authority.|
|Hiddenite||The HUD funded Public Housing Agency that serves Hiddenite is the Western Piedmont Council of Governments Regional Housing Authority.|
|Stony Point||The HUD funded Public Housing Agency that serves Stony Point is the Western Piedmont Council of Governments Regional Housing Authority.|
|Taylorsville||The HUD funded Public Housing Agency that serves Taylorsville is the Western Piedmont Council of Governments Regional Housing Authority.|