What HUD offices serve Davidson, 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.
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Davidson.
How many renters live in Davidson, North Carolina?
The City of Davidson has 15,199 people living in 5,510 households.
There are 2,320 renters living in 1,294 renter households in this City. Renters make up 15.26 percent of the population living in Davidson.
What is the rental market like in Davidson, North Carolina?
There are an estimated 6,069 housing units in the Davidson area. Of these, 1,563 units are rental homes, making up 26 percent of the housing market. For every renter household in Davidson, North Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Davidson?
The rental vacancy rate in Davidson is 14 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 Davidson for each bedroom size?
Occupied Rental Units by Size in Davidson
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 22 | 322 | 628 | 301 | 21 |
Occupied Rental Units by Size in Davidson
A large number of apartments in Davidson have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Davidson are overburdened by housing costs?
Among renter households in this market, 41 percent have housing cost burden. Further, 18 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Davidson
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,046 to $2,048. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,046 |
| One BR | $1,075 |
| Two BR | $1,207 |
| Three BR | $1,652 |
| Four BR | $2,048 |
2024 Fair Market Rents in Davidson, North Carolina
How many units are rented at Fair Market Rent (FMR) in Davidson?
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 |
| Studio | 0 | 100 percent |
| One BR | 209 | 65 percent |
| Two BR | 241 | 38 percent |
Rental Units Below FMR in Davidson, North Carolina
How many affordable rental units are in Davidson?
There are a variety of federal affordable housing programs serving households in Davidson, North Carolina including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 32 |
Tracked Units by Federal Program in Davidson, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Davidson, North Carolina
Davidson 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 Davidson, North Carolina
There are 145 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Davidson.
Housing Choice Vouchers in Davidson, North Carolina
On average, Section 8 Housing Choice vouchers pay Davidson landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Davidson.
The maximum amount a voucher would pay on behalf of a low-income tenant in Davidson, North Carolina for a two-bedroom apartment is between $1,399 and $1,709.
Sourced from federal housing data and AffordableHousingOnline.com research.
