What HUD offices serve Chadbourn, 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 Chadbourn.
How many renters live in Chadbourn, North Carolina?
The City of Chadbourn has 1,548 people living in 579 households.
There are 590 renters living in 247 renter households in this City. Renters make up 38.11 percent of the population living in Chadbourn.
What is the rental market like in Chadbourn, North Carolina?
There are an estimated 858 housing units in the Chadbourn area. Of these, 323 units are rental homes, making up 38 percent of the housing market. For every renter household in Chadbourn, North Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Chadbourn?
The rental vacancy rate in Chadbourn is 24 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 Chadbourn for each bedroom size?
Occupied Rental Units by Size in Chadbourn
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 44 | 158 | 45 | 0 |
Occupied Rental Units by Size in Chadbourn
A large number of apartments in Chadbourn 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 Chadbourn are overburdened by housing costs?
Among renter households in this market, 48 percent have housing cost burden. Further, 28 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 Chadbourn
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $647 to $1,140. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $647 |
| One BR | $651 |
| Two BR | $856 |
| Three BR | $1,035 |
| Four BR | $1,140 |
2024 Fair Market Rents in Chadbourn, North Carolina
How many units are rented at Fair Market Rent (FMR) in Chadbourn?
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 |
| One BR | 42 | 95 percent |
| Two BR | 140 | 89 percent |
Rental Units Below FMR in Chadbourn, North Carolina
How many affordable rental units are in Chadbourn?
There are a variety of federal affordable housing programs serving households in Chadbourn, North Carolina including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 82 |
| Section 811 Supportive Housing for Persons with Disabilities | 10 |
| USDA Section 515 Rural Rental Housing | 120 |
Tracked Units by Federal Program in Chadbourn, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Chadbourn, North Carolina
Chadbourn features 130 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 Chadbourn, North Carolina
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chadbourn.
Housing Choice Vouchers in Chadbourn, North Carolina
On average, Section 8 Housing Choice vouchers pay Chadbourn landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Chadbourn.
The maximum amount a voucher would pay on behalf of a low-income tenant in Chadbourn, North Carolina for a two-bedroom apartment is between $770 and $942.
Sourced from federal housing data and AffordableHousingOnline.com research.
