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

Somerset Court

101 Somerset Court
Creswell, North Carolina
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There are 0 low-income apartments in Creswell that offer reduced rents to eligible households.

Rental assistance programs support 0 low-income homes in Creswell where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on May 8th, 2017. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Creswell, 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
Economic Improvement Council, Inc Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Creswell.

Creswell, North Carolina Affordable Housing Data

Income Based Apartments in Creswell, North Carolina

Creswell 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 Creswell, North Carolina

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

Housing Choice Vouchers in Creswell, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Creswell, North Carolina for a two-bedroom apartment is between $694 and $848.

2023 Creswell, 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
Creswell, North Carolina Fair Market Rent $617 $621 $771 $1,000 $1,313
Creswell, North Carolina Payment Standard Range $555 to $679 $559 to $683 $694 to $848 $900 to $1,100 $1,182 to $1,444

Sourced from federal housing data and AffordableHousingOnline.com research.

Creswell, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 20
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 37.38%
Average Renter Household Size 3.38
Average Household Size 2.75
Median Household Income $33,125 ±$15,371
Median Rent $513 ±$146
Percentage Of Renters Overburdened 40% ± 43.98pp
Total Population 294

Population and Household Demographics

Creswell is a city in Washington County, North Carolina with a population of 294. There are 107 households in the city with an average household size of 2.75 persons. 37.38% of households in Creswell are renters.

Income and Rent Overburden in Creswell

The median gross income for households in Creswell is $33,125 a year, or $2,760 a month. The median rent for the city is $513 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Creswell, a household making less than $1,710 a month would be considered overburdened when renting an apartment at or above the median rent. 40% of households who rent are overburdened in Creswell.

Area Median Income In Creswell

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 Creswell, the AMI is calculated from all households within Washington County.

In Creswell, HUD calculates the Area Median Income for a family of four as $62,500

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 Creswell

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 Creswell

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30% AMI Income Limits
Renters earning up to 30% of the Creswell AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $35,140 $40,150 $42,950 $45,700
50% AMI Income Limits
Renters earning up to 50% of the Creswell AMI may qualify for rental assistance programs that target Very Low Income households.
$24,250 $27,700 $31,150 $34,600 $37,400 $40,150 $42,950 $45,700
80% AMI Income Limits
Renters earning up to 80% of the Creswell AMI may qualify for rental assistance programs that target Low Income households.
$38,750 $44,300 $49,850 $55,350 $59,800 $64,250 $68,650 $73,100