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

Discover affordable housing in Coats 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.

Currin Apartments

Turner Cir, Coats, North Carolina 27521

Washington Street

23 S Turner Cir, Coats, North Carolina 27521

McKinley Place Apartments

81 N Johnson St, Coats, North Carolina 27521

bed 2-3
payment $600-665/mo.

Arc Hds Harnett Co Gh 3

301 E Jackson St, Coats, North Carolina 27521

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Coats, 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.
calendar_today Opened: May 17
Open Until Further Notice

Reported On May 17th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Coats, North Carolina
$14.08 (+194%) more than North Carolina minimum wage and $14.08 (+194%) more than the Federal minimum wage.
Learn More About Coats, North Carolina Affordable Housing ↓

What HUD offices serve Coats, 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), Public Housing, Homeownership Voucher, Family Self-Sufficiency, Rental Assistance Demonstration (RAD) programs for Coats, North Carolina.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Coats, North Carolina.

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

How many renters live in Coats, North Carolina?

The City of Coats has people living in households.

There are renters living in renter households in this City. Renters make up 48.02 percent of the population living in Coats.

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

There are an estimated housing units in the Coats area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Coats, North Carolina, there are 1.2 rental units.

What is the vacancy rate for rentals in Coats?

The rental vacancy rate in Coats is 7 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 Coats for each bedroom size?

Occupied Rental Units by Size in Coats
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 84 207 176 24
Occupied Rental Units by Size in Coats

A large number of apartments in Coats 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 Coats

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $851 to $1,911. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $851
One BR $857
Two BR $1,126
Three BR $1,587
Four BR $1,911
2024 Fair Market Rents in Coats, North Carolina

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

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 65 77 percent
Two BR 155 75 percent
Rental Units Below FMR in Coats, North Carolina

How many affordable rental units are in Coats?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Coats, North Carolina

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

Income Based Apartments in Coats, North Carolina

Coats features 47 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 Coats, North Carolina

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Coats.

Housing Choice Vouchers in Coats, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Coats, North Carolina for a two-bedroom apartment is between $1,013 and $1,239.

Sourced from federal housing data and AffordableHousingOnline.com research.