Cornelius, North Carolina Affordable Housing

Affordable Housing programs support 30 income based apartments in Cornelius where households pay rent based on how much they earn.

There are 94 affordable apartments in Cornelius that offer reduced rents to low-income households.

Waiting Lists in Cornelius, North Carolina

There are no open Section 8 Housing Choice Voucher waiting lists in Cornelius. Go to the North Carolina Section 8 Waiting Lists page for openings near Cornelius.

Cornelius Village Apartments

19315 Meridian Street
Cornelius, North Carolina
Rent Assisted

Antiquity Heights

20215 Heights Way
Cornelius, North Carolina
Affordable
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Affordable Housing Near Cornelius

View affordable apartments and waiting lists in cities near Cornelius

City Apartments
Charlotte, NC Affordable Housing programs support 206 apartment communities in Charlotte.
Huntersville, NC Affordable Housing programs support 5 apartment communities in Huntersville.
Pineville, NC Affordable Housing programs support 2 apartment communities in Pineville.

Cornelius, North Carolina Affordable Housing Data

Income Based Apartments in Cornelius, North Carolina

Cornelius features 30 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 Cornelius, North Carolina

There are 94 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cornelius.

Housing Choice Vouchers in Cornelius, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cornelius, North Carolina for a two-bedroom apartment is between $1,200 and $1,466.

2023 Cornelius, 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
Cornelius, North Carolina Fair Market Rent $1,154 $1,180 $1,333 $1,691 $2,183
Cornelius, North Carolina Payment Standard Range $1,039 to $1,269 $1,062 to $1,298 $1,200 to $1,466 $1,522 to $1,860 $1,965 to $2,401

Sourced from federal housing data and AffordableHousingOnline.com research.

Cornelius, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 124
Total Housing Units with Rental Assistance 30
Percentage of Housing Units Occupied By Renters 34.93%
Average Renter Household Size 2.37
Average Household Size 2.39
Median Household Income $80,472 ±$6,011
Median Rent $1,089 ±$58
Percentage Of Renters Overburdened 30.13% ± 6.41pp
Total Population 26,866

Population and Household Demographics

Cornelius is a city in Mecklenburg County, North Carolina with a population of 26,866. There are 11,240 households in the city with an average household size of 2.39 persons. 34.93% of households in Cornelius are renters.

Income and Rent Overburden in Cornelius

The median gross income for households in Cornelius is $80,472 a year, or $6,706 a month. The median rent for the city is $1,089 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cornelius, a household making less than $3,630 a month would be considered overburdened when renting an apartment at or above the median rent. 30.13% of households who rent are overburdened in Cornelius.

Area Median Income In Cornelius

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 Cornelius, the AMI is calculated from all households within Mecklenburg County.

In Cornelius, HUD calculates the Area Median Income for a family of four as $96,300

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 Cornelius

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 Cornelius

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Cornelius AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,800 $22,600 $25,450 $28,250 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Cornelius AMI may qualify for rental assistance programs that target Very Low Income households.
$33,000 $37,700 $42,400 $47,100 $50,900 $54,650 $58,450 $62,200
80% AMI Income Limits
Renters earning up to 80% of the Cornelius AMI may qualify for rental assistance programs that target Low Income households.
$52,750 $60,300 $67,850 $75,350 $81,400 $87,450 $93,450 $99,500