Affordable Housing In Asheville
Buncombe County, North Carolina

56 Low Income Apartment Communities In Asheville

Spruce Hill

201 Spruce Hill Ct
Asheville, North Carolina
Call For Rent
1-4 BR

Givens Gerber Park III

50 Gerber Rd
Asheville, North Carolina
Call For Rent
1-2 BR
55+

Givens Gerber Park I

40 Gerber Road
Asheville, North Carolina
Income Based
1-2 BR
Subsidized
Accessible
Elderly Supportive Housing
55+

Crowell Park

10 Coleys Circle
Asheville, North Carolina
$376-644
1-3 BR

Villas at Fallen Spruce

15 Fallen Spruce Dr
Asheville, North Carolina
$244-660
1-2 BR
55+

Givens Gerber Park II

60 Gerber Rd
Asheville, North Carolina
Call For Rent
1-2 BR
55+

Eagle Market Place

19 Eagle St
Asheville, North Carolina
$272-987
Studio-3 BR

Arrowhead Apartments

100 Cheerio Ln
Asheville, North Carolina
Call For Rent
Studio-1 BR
Subsidized

Altamont Apartments

72 N MARKET ST
Asheville, North Carolina
Call For Rent
Studio BR

Carmel Ridge Apartments

711 New Leicester Hwy
Asheville, North Carolina
Call For Rent
1-3 BR

Section 8 Vouchers, Apartments, and Waiting Lists in Asheville, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Asheville, North Carolina

Housing Authority Programs
Housing Authority of the City of Asheville Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Asheville, North Carolina

There are 56 low income housing apartment communities offering 4,571 affordable apartments for rent in Asheville, North Carolina.

Income Based Apartments in Asheville, North Carolina

Asheville features 3,285 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 Asheville, North Carolina

There are 1,204 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Asheville.

Housing Choice Vouchers in Asheville, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Asheville, North Carolina for a two-bedroom apartment is between $1,240 and $1,516.

2022 Asheville, 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
Asheville, North Carolina Fair Market Rent $1,188 $1,209 $1,378 $1,879 $2,359
Asheville, North Carolina Payment Standard Range $1,069 to $1,307 $1,088 to $1,330 $1,240 to $1,516 $1,691 to $2,067 $2,123 to $2,595

Sourced from federal housing data and AffordableHousingOnline.com research.

Asheville, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 56
Total Low Income Apartments 4,571
Total Housing Units with Rental Assistance 3,285
Percentage of Housing Units Occupied By Renters 49.3%
Average Renter Household Size 2.05
Average Household Size 2.20
Median Household Income $43,334 ±$1,717
Median Rent $866 ±$20
Percentage Of Renters Overburdened 45.97% ± 3.4pp
Total Population 86,789

Population and Household Demographics

Asheville is a city in Buncombe County, North Carolina with a population of 86,789. There are 37,672 households in the city with an average household size of 2.20 persons. 49.3% of households in Asheville are renters.

Income and Rent Overburden in Asheville

The median gross income for households in Asheville is $43,334 a year, or $3,611 a month. The median rent for the city is $866 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Asheville, a household making less than $2,887 a month would be considered overburdened when renting an apartment at or above the median rent. 45.97% of households who rent are overburdened in Asheville.

Area Median Income In Asheville

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 Asheville, the AMI is calculated from all households within Buncombe County.

In Asheville, HUD calculates the Area Median Income for a family of four as $80,000

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 Asheville

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 Asheville

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Asheville AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,900 $19,300 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Asheville AMI may qualify for rental assistance programs that target Very Low Income households.
$28,150 $32,150 $36,150 $40,150 $43,400 $46,600 $49,800 $53,000
80% AMI Income Limits
Renters earning up to 80% of the Asheville AMI may qualify for rental assistance programs that target Low Income households.
$45,000 $51,400 $57,850 $64,250 $69,400 $74,550 $79,700 $84,850