Low Income Apartments and Affordable Housing For Rent in Cherokee, NC

Discover affordable housing in Cherokee where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Soco Creek Village

1003 Wolfetown Rd, Cherokee, North Carolina 28719

bed 2-4
payment $352-625/mo.
switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Cherokee, North Carolina

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Sep 6
Open Until Further Notice
devices
calendar_month

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cherokee, North Carolina
$16.21/hour
$8.96 (+124%) more than North Carolina minimum wage and $8.96 (+124%) more than the Federal minimum wage.
Learn More About Cherokee, North Carolina Affordable Housing ↓

What HUD offices serve Cherokee, 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Cherokee, North Carolina.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Cherokee, North Carolina.

Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Cherokee.

How many renters live in Cherokee, North Carolina?

The City of Cherokee has people living in households.

There are renters living in renter households in this City. Renters make up 36.41 percent of the population living in Cherokee.

What is the rental market like in Cherokee, North Carolina?

There are an estimated housing units in the Cherokee area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Cherokee, North Carolina, there are 1.18 rental units.

What is the vacancy rate for rentals in Cherokee?

The rental vacancy rate in Cherokee is 11 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 Cherokee for each bedroom size?

Occupied Rental Units by Size in Cherokee
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
14 56 77 100 24
Occupied Rental Units by Size in Cherokee

A large number of apartments in Cherokee have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Cherokee

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $776 to $1,192. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $776
One BR $797
Two BR $895
Three BR $1,187
Four BR $1,192
2024 Fair Market Rents in Cherokee, North Carolina

How many units are rented at Fair Market Rent (FMR) in Cherokee?

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 14 100 percent
One BR 52 93 percent
Two BR 22 29 percent
Rental Units Below FMR in Cherokee, North Carolina

How many affordable rental units are in Cherokee?

Income Based Apartments in Cherokee, North Carolina

Cherokee 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 Cherokee, North Carolina

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

Housing Choice Vouchers in Cherokee, North Carolina

On average, Section 8 Housing Choice vouchers pay Cherokee landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cherokee.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cherokee, North Carolina for a two-bedroom apartment is between $770 and $942.

Sourced from federal housing data and AffordableHousingOnline.com research.

Email Signup
Don't Miss A Waiting List Opening