Affordable Housing In Caldwell County
24 Low Income Apartment Communities In Caldwell County
Housing Authorities that serve Caldwell County
|Western Piedmont Council of Governments Regional Housing Authority||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Caldwell County, North Carolina
There are 24 low income housing apartment communities offering 1,108 affordable apartments for rent in Caldwell County, North Carolina.
Income Based Apartments in Caldwell County, North Carolina
Caldwell County features 642 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 Caldwell County, North Carolina
There are 466 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Caldwell County.
Housing Choice Vouchers in Caldwell County, North Carolina
On average, Section 8 Housing Choice vouchers pay Caldwell County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Caldwell County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Caldwell County, North Carolina for a two-bedroom apartment is between $624 and $762.
2021 Caldwell County, 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|
|Caldwell County, North Carolina Fair Market Rent||$557||$560||$693||$899||$1,029|
|Caldwell County, North Carolina Payment Standard Range||$501 to $613||$504 to $616||$624 to $762||$809 to $989||$926 to $1,132|
Sourced from federal housing data and AffordableHousingOnline.com research.
Caldwell County, NC Affordable Housing Snapshot
|Total Affordable Apartment Properties||24|
|Total Low Income Apartments||1,108|
|Total Housing Units with Rental Assistance||642|
|Percentage of Housing Units Occupied By Renters||29.29%|
|Average Renter Household Size||2.53|
|Average Household Size||2.56|
|Median Household Income||$35,763 ±$1,123|
|Median Rent||$604 ±$12|
|Percentage Of Renters Overburdened||44.49% ± 4.96pp|
Population and Household Demographics
Caldwell County is a county in North Carolina with a population of 81,758. There are 31,566 households in the county with an average household size of 2.56 persons. 29.29% of households in Caldwell County are renters.
Income and Rent Overburden in Caldwell County
The median gross income for households in Caldwell County is $35,763 a year, or $2,980 a month. The median rent for the county is $604 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Caldwell County, a household making less than $2,013 a month would be considered overburdened when renting an apartment at or above the median rent. 44.49% of households who rent are overburdened in Caldwell County.
Area Median Income In Caldwell County
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.
In Caldwell County, HUD calculates the Area Median Income for a family of four as $60,300
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 Caldwell County
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 Caldwell County
|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 Caldwell County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Caldwell County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Caldwell County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Caldwell County
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