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

Discover affordable housing in Cramerton where there are 3+ 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.

3048 Misty Harbor Cir

3048 Misty Harbor Cir, Cramerton, North Carolina 28032

bed 2
payment $1500/mo.

518 Washington St

518 Washington St, Cramerton, North Carolina 28032

bed 3
payment $1800/mo.

Mayworth School Apartments

236 8th Ave, Cramerton, North Carolina 28032

switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Cramerton, 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: Oct 1
Open Until Further Notice
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Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cramerton, North Carolina
$29.43/hour
$22.18 (+306%) more than North Carolina minimum wage and $22.18 (+306%) more than the Federal minimum wage.
Learn More About Cramerton, North Carolina Affordable Housing ↓

What HUD offices serve 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.

Operates the Section 8 Housing Choice Voucher (HCV), Rental Assistance Demonstration (RAD) programs for Cramerton, North Carolina.

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

How many renters live in Cramerton, North Carolina?

The City of Cramerton has people living in households.

There are renters living in renter households in this City. Renters make up 33.47 percent of the population living in Cramerton.

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

There are an estimated housing units in the Cramerton area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Cramerton, North Carolina, there are 1.05 rental units.

What is the vacancy rate for rentals in Cramerton?

The rental vacancy rate in Cramerton is 3 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 Cramerton for each bedroom size?

Occupied Rental Units by Size in Cramerton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 140 294 118 53
Occupied Rental Units by Size in Cramerton

A large number of apartments in Cramerton 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 Cramerton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,347 to $2,481. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,347
One BR $1,384
Two BR $1,554
Three BR $1,936
Four BR $2,481
2024 Fair Market Rents in Cramerton, North Carolina

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

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 116 83 percent
Two BR 251 85 percent
Rental Units Below FMR in Cramerton, North Carolina

How many affordable rental units are in Cramerton?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Cramerton, North Carolina

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

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 $1,399 and $1,709.

Sourced from federal housing data and AffordableHousingOnline.com research.

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