Affordable Housing In Asheville
52 Low Income Apartment Communities In Asheville
Housing Authorities that serve Asheville
|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 52 low income housing apartment communities offering 4,393 affordable apartments for rent in Asheville, North Carolina.
Income Based Apartments in Asheville, North Carolina
Asheville features 3,169 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 1,142 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 $1,151 and $1,407.
2021 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||$1,096||$1,099||$1,279||$1,751||$2,213|
|Asheville, North Carolina Payment Standard Range||$986 to $1,206||$989 to $1,209||$1,151 to $1,407||$1,576 to $1,926||$1,992 to $2,434|
Sourced from federal housing data and AffordableHousingOnline.com research.
Asheville, NC Affordable Housing Snapshot
|Total Affordable Apartment Properties||52|
|Total Low Income Apartments||4,393|
|Total Housing Units with Rental Assistance||3,169|
|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|
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 $75,500
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.
|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.
|80% AMI Income Limits
Renters earning up to 80% of the Asheville AMI may qualify for rental assistance programs that target Low Income households.