Low Income Apartments and Affordable Housing For Rent in Alexander County, NC

Discover affordable housing in Alexander County where there are 6+ 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.

Crest Knolls Apartments

2 Crest Knolls St SE , Taylorsville, North Carolina 28681

Mountainwood Apartments

100 2nd Ave NW, Taylorsville, North Carolina 28681

Milstead Woods

498 School Dr, Taylorsville, North Carolina 28681

Ridgeway Apartments

1st Ave Dr SE, Taylorsville, North Carolina 28681

Arc Hds Alexander Co Apartments

415 Davis Ave SE, Taylorsville, North Carolina 28681

Arc Hds Burke Co Gh 2

438 Old Wilkesboro Rd, Taylorsville, North Carolina 28681

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Alexander County, North Carolina
$19.20/hour
$11.95 (+165%) more than North Carolina minimum wage and $11.95 (+165%) more than the Federal minimum wage.
Learn More About Alexander County, North Carolina Affordable Housing ↓

What HUD offices serve Alexander County, 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), Family Self-Sufficiency, Homeownership, Family Unification Program (FUP) programs for Alexander County, North Carolina.

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

How many renters live in Alexander County, North Carolina?

The County of Alexander County has 36,505 people living in 13,761 households.

There are 7,122 renters living in 2,581 renter households in this County. Renters make up 19.51 percent of the population living in Alexander County.

What is the rental market like in Alexander County, North Carolina?

There are an estimated 16,035 housing units in the Alexander County area. Of these, 2,638 units are rental homes, making up 16 percent of the housing market. For every renter household in Alexander County, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Alexander County?

The rental vacancy rate in Alexander County is 2 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 Alexander County for each bedroom size?

Occupied Rental Units by Size in Alexander County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 207 1,267 908 106
Occupied Rental Units by Size in Alexander County

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

Among renter households in this market, 35 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 Alexander County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $806 to $1,506. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $806
One BR $834
Two BR $1,014
Three BR $1,314
Four BR $1,506
2024 Fair Market Rents in Alexander County, North Carolina

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

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 156 75 percent
Two BR 1,081 85 percent
Rental Units Below FMR in Alexander County, North Carolina

How many affordable rental units are in Alexander County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 142
Section 8 Project-Based Rental Assistance 15
USDA Section 515 Rural Rental Housing 112
Tracked Units by Federal Program in Alexander County, North Carolina

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

Income Based Apartments in Alexander County, North Carolina

Alexander County features 94 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 72 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 $913 and $1,115.

Sourced from federal housing data and AffordableHousingOnline.com research.