. Low Income Apartments For Rent in Canton, North Carolina - Affordable Housing Online

Smokey Meadows

21 Smokey Meadows Way
Canton, North Carolina
Rent Assisted

Lake View Apartments

57 Lakeview Dr
Canton, North Carolina
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There are 60 low-income apartments in Canton that offer reduced rents to eligible households.

Rental assistance programs support 52 low-income homes in Canton where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $225 towards rent each month.

Affordable rent data for some communities last confirmed on January 3rd, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Canton, 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.

Housing Authority Programs
Mountain Projects Inc. Section 8 Housing Choice Voucher (HCV)
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Canton.

Canton, North Carolina Affordable Housing Data

Income Based Apartments in Canton, North Carolina

Canton features 52 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 Canton, North Carolina

There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Canton.

Housing Choice Vouchers in Canton, North Carolina

On average, Section 8 Housing Choice vouchers pay Canton landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Canton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Canton, North Carolina for a two-bedroom apartment is between $908 and $1,110.

2023 Canton, 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
Canton, North Carolina Fair Market Rent $686 $893 $1,009 $1,228 $1,453
Canton, North Carolina Payment Standard Range $617 to $755 $804 to $982 $908 to $1,110 $1,105 to $1,351 $1,308 to $1,598

Sourced from federal housing data and AffordableHousingOnline.com research.

Canton, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 112
Total Housing Units with Rental Assistance 52
Percentage of Housing Units Occupied By Renters 37.79%
Average Renter Household Size 2.21
Average Household Size 2.27
Median Household Income $34,388 ±$2,664
Median Rent $598 ±$48
Percentage Of Renters Overburdened 52.86% ± 18.04pp
Total Population 4,156

Population and Household Demographics

Canton is a city in Haywood County, North Carolina with a population of 4,156. There are 1,802 households in the city with an average household size of 2.27 persons. 37.79% of households in Canton are renters.

Income and Rent Overburden in Canton

The median gross income for households in Canton is $34,388 a year, or $2,866 a month. The median rent for the city is $598 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Canton, a household making less than $1,993 a month would be considered overburdened when renting an apartment at or above the median rent. 52.86% of households who rent are overburdened in Canton.

Area Median Income In Canton

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 Canton, the AMI is calculated from all households within Haywood County.

In Canton, HUD calculates the Area Median Income for a family of four as $77,100

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 Canton

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 Canton

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 Canton AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,750 $19,720 $24,860 $30,000 $35,140 $40,280 $45,420 $49,500
50% AMI Income Limits
Renters earning up to 50% of the Canton AMI may qualify for rental assistance programs that target Very Low Income households.
$26,250 $30,000 $33,750 $37,500 $40,500 $43,500 $46,500 $49,500
80% AMI Income Limits
Renters earning up to 80% of the Canton AMI may qualify for rental assistance programs that target Low Income households.
$42,000 $48,000 $54,000 $60,000 $64,800 $69,600 $74,400 $79,200