Low Income Apartments In Davidson County
North Carolina

Low Income Apartments In Davidson County

William Booth Gardens

123 SW Cloverleaf Pl
High Point, NC
Income Based
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Green Hill

309 E 9th Street Ext
Lexington, NC
Income Based
1 BR
Subsidized

Kingston Ridge Apartments

1250 Kingston Place
Thomasville, NC
$505-620
1-3 BR
HCV Welcome

Franklin Ridge Apartments

213 W. Hartley Drive
High Point, NC
$605-670
2-3 BR
HCV Welcome

Sheraton Towers

400 N Main St
High Point, NC
Income Based
1-2 BR
62+
Subsidized

The Oaks at Silver Ridge

2926 East Martin Luther King Jr. Dr.
High Point, NC
$527-740
1-3 BR
Subsidized

Forest Hill Apartments

900 Apex Dr
Lexington, NC
$405-585
2-4 BR
HCV Welcome

Tomlinson Hill

305 Pineywood Rd
Thomasville, NC
Income Based
1 BR
62+
Subsidized

Park Terrace

885 Sharon Circle
High Point, NC
$606-799
1-3 BR
HCV Welcome

Park Terrace III

885 Sharon Circle
High Point, NC
$606
1 BR
HCV Welcome

There are 72 low income housing apartment complexes which contain 4,014 affordable apartments for rent in Davidson County. Many of these rental apartments are income based housing with 2,955 apartments that set rent based on your income. In Davidson County, HUD housing programs support 1,049 rental assistance apartments through programs like Project-based Section 8. There are 1,059 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Other Housing Authorities located in Davidson County

Housing Authority Programs
Lexington Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Thomasville Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Davidson County, North Carolina

Davidson County, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 72
Total Low Income Apartments 4,014
Total Rent Assisted Apartments 2,955
Percentage of Housing Units Occupied By Renters 28.12%
Average Renter Household Size 2.52
Total Population 163,867
Housing Units 64,299
Average Household Size 2.52
Median Household Income $43,363 ±$1,435
Median Rent $655 ±$15
Percentage Of Renters Overburdened 42.07% ± 3.07pp

Population and Household Demographics

Davidson County is a County in North Carolina with a population of 163,867. There are 64,299 households in the county with an average household size of 2.52 persons. 28.12% of households in Davidson County are renters.

Income and Rent Overburden in Davidson County

The median gross income for households in Davidson County is $43,363 a year, or $3,614 a month. The median rent for the county is $655 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Davidson County, a household making less than $2,183 a month would be considered overburdened when renting an apartment at or above the median rent. 42.07% of households who rent are overburdened in Davidson County.1

Area Median Income In Davidson County

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.

In Davidson County, HUD calculates the Area Median Income for a family of four as $60,300

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 Davidson County

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 Davidson County HUD Rental Assistance in Davidson County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,700 $16,910 $21,330 $25,750 $30,170 $34,590 $37,400 $39,800
50% of Median $21,150 $24,150 $27,150 $30,150 $32,600 $35,000 $37,400 $39,800
80% of Median $33,800 $38,600 $43,450 $48,250 $52,150 $56,000 $59,850 $63,700
Low Income Housing Tax Credits in Davidson County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2011, 38 low income apartment communities containing 1,220 rental apartments have been constructed and made affordable to low income persons in Davidson County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Davidson County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $25,380 $28,980 $32,580 $36,180 $39,120 $42,000 $44,880 $47,760

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Davidson County is $32,580 a year, or $2,715 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,715 by 30% to get a maximum rent of $815 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $529 $566 $679 $784 $875 $965
60% $635 $680 $815 $941 $1,050 $1,158
Fair Market Rents in Davidson County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$578 $582 $679 $959 $1,083

Cities In Davidson County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
High Point 42 The HUD funded Public Housing Agency that serves High Point is the Housing Authority of the City of High Point.
Lexington 22 The HUD funded Public Housing Agency that serves Lexington is the Lexington Housing Authority.
Thomasville 9 The HUD funded Public Housing Agency that serves Thomasville is the Thomasville Housing Authority.
Midway 0
Southmont 0
Wallburg 0
Denton 0
Tyro 0
Welcome 0