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

Jackson Terrace

700 Anderson St
Carthage, North Carolina
Rent Assisted

Providence Place VIII

Sanford St @ Rockingham St Ext
Carthage, North Carolina
S. 202

Jackson Terrace II Llc

Anderson St and Hwy 24/27
Carthage, North Carolina
Rent Assisted

North Carolina Dept. Comm

Anderson And Currie Sts
Carthage, North Carolina
Rent Assisted
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There are 54 low-income apartments in Carthage that offer reduced rents to eligible households.

Rental assistance programs support 19 low-income homes in Carthage where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $313 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Carthage, North Carolina Affordable Housing Data

Income Based Apartments in Carthage, North Carolina

Carthage features 19 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 Carthage, North Carolina

There are 54 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Carthage.

Housing Choice Vouchers in Carthage, North Carolina

On average, Section 8 Housing Choice vouchers pay Carthage landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Carthage.

The maximum amount a voucher would pay on behalf of a low-income tenant in Carthage, North Carolina for a two-bedroom apartment is between $822 and $1,004.

2023 Carthage, 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
Carthage, North Carolina Fair Market Rent $774 $808 $913 $1,276 $1,555
Carthage, North Carolina Payment Standard Range $697 to $851 $727 to $889 $822 to $1,004 $1,148 to $1,404 $1,400 to $1,711

Sourced from federal housing data and AffordableHousingOnline.com research.

Carthage, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 73
Total Housing Units with Rental Assistance 19
Percentage of Housing Units Occupied By Renters 30.4%
Average Renter Household Size 2.52
Average Household Size 2.79
Median Household Income $38,977 ±$8,488
Median Rent $830 ±$248
Percentage Of Renters Overburdened 50.19% ± 19.47pp
Total Population 2,531

Population and Household Demographics

Carthage is a city in Moore County, North Carolina with a population of 2,531. There are 865 households in the city with an average household size of 2.79 persons. 30.4% of households in Carthage are renters.

Income and Rent Overburden in Carthage

The median gross income for households in Carthage is $38,977 a year, or $3,248 a month. The median rent for the city is $830 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Carthage, a household making less than $2,767 a month would be considered overburdened when renting an apartment at or above the median rent. 50.19% of households who rent are overburdened in Carthage.

Area Median Income In Carthage

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 Carthage, the AMI is calculated from all households within Moore County.

In Carthage, HUD calculates the Area Median Income for a family of four as $98,900

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 Carthage

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 Carthage

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30% AMI Income Limits
Renters earning up to 30% of the Carthage AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,050 $21,750 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Carthage AMI may qualify for rental assistance programs that target Very Low Income households.
$31,700 $36,200 $40,750 $45,250 $48,900 $52,500 $56,150 $59,750
80% AMI Income Limits
Renters earning up to 80% of the Carthage AMI may qualify for rental assistance programs that target Low Income households.
$50,700 $57,950 $65,200 $72,400 $78,200 $84,000 $89,800 $95,600