Low Income Apartments and Affordable Housing For Rent in Clay County, NC

Discover affordable housing in Clay County where there are 4+ 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.

Desoto Square Apartments

33 Ritter Rd, Hayesville, North Carolina 28904

Wnc Community Homes 6

55 Dogwood Hls, Hayesville, North Carolina 28904

Arc Hds Cherokee Clay Co. Gh

134 Curtis St, Hayesville, North Carolina 28904

Carrollhouse Apts

1282 Us Business 64, Hayesville, North Carolina

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Clay County, North Carolina
$17.61/hour
$10.36 (+143%) more than North Carolina minimum wage and $10.36 (+143%) more than the Federal minimum wage.
Learn More About Clay County, North Carolina Affordable Housing ↓

How many renters live in Clay County, North Carolina?

The County of Clay County has 11,186 people living in 4,892 households.

There are 1,878 renters living in 992 renter households in this County. Renters make up 16.79 percent of the population living in Clay County.

What is the rental market like in Clay County, North Carolina?

There are an estimated 7,320 housing units in the Clay County area. Of these, 1,033 units are rental homes, making up 14 percent of the housing market. For every renter household in Clay County, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Clay County?

The rental vacancy rate in Clay County is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Clay County for each bedroom size?

Occupied Rental Units by Size in Clay County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
142 109 416 308 7
Occupied Rental Units by Size in Clay County

A large number of apartments in Clay County 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 Clay County are overburdened by housing costs?

Among renter households in this market, 39 percent have housing cost burden. Further, 25 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 Clay County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $775 to $1,417. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $775
One BR $828
Two BR $930
Three BR $1,193
Four BR $1,417
2024 Fair Market Rents in Clay County, North Carolina

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

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 142 100 percent
One BR 43 39 percent
Two BR 161 39 percent
Rental Units Below FMR in Clay County, North Carolina

How many affordable rental units are in Clay County?

There are a variety of federal affordable housing programs serving households in Clay County, North Carolina including the following:

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 31
USDA Section 515 Rural Rental Housing 26
Tracked Units by Federal Program in Clay County, North Carolina

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Clay County, North Carolina

Clay County features 72 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 Clay County, North Carolina

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Clay County.

Housing Choice Vouchers in Clay County, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Clay County, North Carolina for a two-bedroom apartment is between $837 and $1,023.

Sourced from federal housing data and AffordableHousingOnline.com research.