. Low Income Apartments For Rent in Cramerton, North Carolina - Affordable Housing Online

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Mayworth School Apartments

236 8th Ave
Cramerton, North Carolina
Rent Assisted
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There are 40 low-income apartments in Cramerton that offer reduced rents to eligible households.

Rental assistance programs support 0 low-income homes in Cramerton where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $262 towards rent each month.

Affordable rent data for some communities last confirmed on January 3rd, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Cramerton, 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.

Housing Authority Programs
Gastonia Housing Authority Section 8 Housing Choice Voucher (HCV); Rental Assistance Demonstration (RAD)
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Cramerton.

Cramerton, North Carolina Affordable Housing Data

Income Based Apartments in Cramerton, North Carolina

Cramerton 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 Cramerton, North Carolina

There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cramerton.

Housing Choice Vouchers in Cramerton, North Carolina

On average, Section 8 Housing Choice vouchers pay Cramerton landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Cramerton.

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

2023 Cramerton, 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
Cramerton, North Carolina Fair Market Rent $1,154 $1,180 $1,333 $1,691 $2,183
Cramerton, 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.

Cramerton, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 40
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 27.12%
Average Renter Household Size 2.58
Average Household Size 2.51
Median Household Income $60,391 ±$10,190
Median Rent $860 ±$76
Percentage Of Renters Overburdened 27.11% ± 11.25pp
Total Population 4,245

Population and Household Demographics

Cramerton is a city in Gaston County, North Carolina with a population of 4,245. There are 1,659 households in the city with an average household size of 2.51 persons. 27.12% of households in Cramerton are renters.

Income and Rent Overburden in Cramerton

The median gross income for households in Cramerton is $60,391 a year, or $5,033 a month. The median rent for the city is $860 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cramerton, a household making less than $2,867 a month would be considered overburdened when renting an apartment at or above the median rent. 27.11% of households who rent are overburdened in Cramerton.

Area Median Income In Cramerton

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 Cramerton, the AMI is calculated from all households within Gaston County.

In Cramerton, HUD calculates the Area Median Income for a family of four as $102,800

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 Cramerton

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 Cramerton

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30% AMI Income Limits
Renters earning up to 30% of the Cramerton AMI may qualify for rental assistance programs that target Extremely Low Income households.
$20,950 $23,950 $26,950 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Cramerton AMI may qualify for rental assistance programs that target Very Low Income households.
$34,900 $39,900 $44,900 $49,850 $53,850 $57,850 $61,850 $65,850
80% AMI Income Limits
Renters earning up to 80% of the Cramerton AMI may qualify for rental assistance programs that target Low Income households.
$55,850 $63,800 $71,800 $79,750 $86,150 $92,550 $98,900 $105,300