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

Discover affordable housing in Alleghany County where there are 5+ 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.

Highland Village

174 Highland Village Cir, Sparta, North Carolina 28675

Ridgeview Apartments

218 E Whitehead St, Sparta, North Carolina 28675

Maplewood Apartments

273 Independence Rd, Sparta, North Carolina 28675

Arc Hds Alleghany Co Gh

211 Estep St, Sparta, North Carolina 28675

Crestview Apartments

240 Lake Street, Sparta, North Carolina

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Alleghany County, North Carolina
$16.31/hour
$9.06 (+125%) more than North Carolina minimum wage and $9.06 (+125%) more than the Federal minimum wage.
Learn More About Alleghany County, North Carolina Affordable Housing ↓

How many renters live in Alleghany County, North Carolina?

The County of Alleghany County has 10,989 people living in 4,937 households.

There are 2,080 renters living in 962 renter households in this County. Renters make up 18.93 percent of the population living in Alleghany County.

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

There are an estimated 7,726 housing units in the Alleghany County area. Of these, 991 units are rental homes, making up 13 percent of the housing market. For every renter household in Alleghany County, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Alleghany County?

The rental vacancy rate in Alleghany County is 3 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 Alleghany County for each bedroom size?

Occupied Rental Units by Size in Alleghany County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 96 501 324 23
Occupied Rental Units by Size in Alleghany County

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

Among renter households in this market, 32 percent have housing cost burden. Further, 20 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 Alleghany County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $651 to $1,461. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $651
One BR $655
Two BR $861
Three BR $1,041
Four BR $1,461
2024 Fair Market Rents in Alleghany County, North Carolina

How many units are rented at Fair Market Rent (FMR) in Alleghany 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 78 81 percent
Two BR 264 53 percent
Rental Units Below FMR in Alleghany County, North Carolina

How many affordable rental units are in Alleghany County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 96
Section 8 Project-Based Rental Assistance 35
USDA Section 515 Rural Rental Housing 68
Tracked Units by Federal Program in Alleghany County, North Carolina

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

Income Based Apartments in Alleghany County, North Carolina

Alleghany County features 104 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 Alleghany County, North Carolina

There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Alleghany County.

Housing Choice Vouchers in Alleghany County, North Carolina

On average, Section 8 Housing Choice vouchers pay Alleghany County landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Alleghany County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Alleghany County, North Carolina for a two-bedroom apartment is between $775 and $947.

Sourced from federal housing data and AffordableHousingOnline.com research.