What HUD offices serve Buies Creek, 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.
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Buies Creek.
How many renters live in Buies Creek, North Carolina?
The City of Buies Creek has 3,589 people living in 987 households.
There are 1,419 renters living in 656 renter households in this City. Renters make up 39.54 percent of the population living in Buies Creek.
What is the rental market like in Buies Creek, North Carolina?
There are an estimated 1,156 housing units in the Buies Creek area. Of these, 793 units are rental homes, making up 69 percent of the housing market. For every renter household in Buies Creek, North Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Buies Creek?
The rental vacancy rate in Buies Creek is 17 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Buies Creek for each bedroom size?
Occupied Rental Units by Size in Buies Creek
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 7 | 162 | 277 | 202 | 8 |
Occupied Rental Units by Size in Buies Creek
A large number of apartments in Buies Creek 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 Buies Creek are overburdened by housing costs?
Among renter households in this market, 47 percent have housing cost burden. Further, 41 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 Buies Creek
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $851 to $1,911. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $851 |
| One BR | $857 |
| Two BR | $1,126 |
| Three BR | $1,587 |
| Four BR | $1,911 |
2024 Fair Market Rents in Buies Creek, North Carolina
How many units are rented at Fair Market Rent (FMR) in Buies Creek?
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 | 0 | 100 percent |
| One BR | 66 | 41 percent |
| Two BR | 118 | 43 percent |
Rental Units Below FMR in Buies Creek, North Carolina
How many affordable rental units are in Buies Creek?
Income Based Apartments in Buies Creek, North Carolina
Buies Creek features 0 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 Buies Creek, North Carolina
There are 38 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Buies Creek.
Housing Choice Vouchers in Buies Creek, North Carolina
On average, Section 8 Housing Choice vouchers pay Buies Creek landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Buies Creek.
The maximum amount a voucher would pay on behalf of a low-income tenant in Buies Creek, North Carolina for a two-bedroom apartment is between $1,013 and $1,239.
Sourced from federal housing data and AffordableHousingOnline.com research.
