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

Discover affordable housing in Boone 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.

Meadow Hill Apartments II

219 Meadow Hill Dr, Boone, North Carolina 28607

bed 1-4
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Ivy Terrace Apartments

206 Ivy Terrace Dr, Boone, North Carolina 28607

bed 1
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Watauga Green Apartments

170 Clawson St, Boone, North Carolina 28607

bed 2-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Watauga Village Apartments

165 Robin Ln, Boone, North Carolina 28607

payment Subsidized

White Laurel

127 Westwood Ln, Boone, North Carolina 28607

switch_access_shortcut Short Wait
accessibility Accessible

Arc Hds Watauga County Group Home

364 Kellwood Dr, Boone, North Carolina 28607

switch_access_shortcut Short Wait

How To Identify Affordable Housing in Boone, 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.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Boone, North Carolina
$21.59/hour
$14.34 (+198%) more than North Carolina minimum wage and $14.34 (+198%) more than the Federal minimum wage.
Learn More About Boone, North Carolina Affordable Housing ↓

How many renters live in Boone, North Carolina?

The City of Boone has people living in households.

There are renters living in renter households in this City. Renters make up 55.13 percent of the population living in Boone.

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

There are an estimated housing units in the Boone area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Boone, North Carolina, there are 1.11 rental units.

What is the vacancy rate for rentals in Boone?

The rental vacancy rate in Boone is 1 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 Boone for each bedroom size?

Occupied Rental Units by Size in Boone
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
194 923 2,306 503 524
Occupied Rental Units by Size in Boone

A large number of apartments in Boone 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 Boone

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $777 to $1,935. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $777
One BR $906
Two BR $1,140
Three BR $1,392
Four BR $1,935
2024 Fair Market Rents in Boone, North Carolina

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

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
Studio 99 51 percent
One BR 396 43 percent
Two BR 1,264 55 percent
Rental Units Below FMR in Boone, North Carolina

How many affordable rental units are in Boone?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Boone, North Carolina

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

Income Based Apartments in Boone, North Carolina

Boone features 122 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 Boone, North Carolina

There are 114 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Boone.

Housing Choice Vouchers in Boone, North Carolina

On average, Section 8 Housing Choice vouchers pay Boone landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Boone.

The maximum amount a voucher would pay on behalf of a low-income tenant in Boone, North Carolina for a two-bedroom apartment is between $1,026 and $1,254.

Sourced from federal housing data and AffordableHousingOnline.com research.

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