Low Income Apartments and Affordable Housing For Rent in Bayboro, NC

Discover affordable housing in Bayboro where there are 2+ 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.

Bay River Apartments

1 Fairview Ct, Bayboro, North Carolina 28515

bed 2-3

Alliance Manor Apartments

207 Cowell Rd, Bayboro, North Carolina 28515

How To Identify Affordable Housing in Bayboro, North Carolina

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
calendar_today Opened: Feb 2
Open Until Further Notice

Reported On February 23rd, 2024 by Colleen Carter

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bayboro, North Carolina
$14.30 (+197%) more than North Carolina minimum wage and $14.30 (+197%) more than the Federal minimum wage.
Learn More About Bayboro, North Carolina Affordable Housing ↓

What HUD offices serve Bayboro, 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) programs for Bayboro, North Carolina.

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

How many renters live in Bayboro, North Carolina?

The City of Bayboro has people living in households.

There are renters living in renter households in this City. Renters make up 21.34 percent of the population living in Bayboro.

What is the rental market like in Bayboro, North Carolina?

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

What is the vacancy rate for rentals in Bayboro?

The rental vacancy rate in Bayboro is 0 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 Bayboro for each bedroom size?

Occupied Rental Units by Size in Bayboro
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 7 9 65 0
Occupied Rental Units by Size in Bayboro

A large number of apartments in Bayboro have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Bayboro

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $860 to $1,578. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $860
One BR $866
Two BR $1,138
Three BR $1,376
Four BR $1,578
2024 Fair Market Rents in Bayboro, North Carolina

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

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 7 100 percent
Two BR 9 100 percent
Rental Units Below FMR in Bayboro, North Carolina

How many affordable rental units are in Bayboro?

Income Based Apartments in Bayboro, North Carolina

Bayboro features 24 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 Bayboro, North Carolina

There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bayboro.

Housing Choice Vouchers in Bayboro, North Carolina

On average, Section 8 Housing Choice vouchers pay Bayboro landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bayboro.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bayboro, North Carolina for a two-bedroom apartment is between $1,024 and $1,252.

Sourced from federal housing data and AffordableHousingOnline.com research.