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

Buena Vista Apartments

105 Reese St
Drexel, North Carolina
S. 223

Drexel Apartments

500 North Main St
Drexel, North Carolina
Rent Assisted
S. 515 Rural
Showing Results 1-15
  • «
  • 1
  • »

There are 40 low-income apartments in Drexel that offer reduced rents to eligible households.

Rental assistance programs support 30 low-income homes in Drexel 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 April 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Drexel, 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
Western Piedmont Council of Governments Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Homeownership; Family Unification Program (FUP)
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Drexel.

Drexel, North Carolina Affordable Housing Data

Income Based Apartments in Drexel, North Carolina

Drexel features 30 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 Drexel, North Carolina

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

Housing Choice Vouchers in Drexel, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Drexel, North Carolina for a two-bedroom apartment is between $712 and $870.

2023 Drexel, 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
Drexel, North Carolina Fair Market Rent $646 $650 $791 $1,033 $1,179
Drexel, North Carolina Payment Standard Range $581 to $711 $585 to $715 $712 to $870 $930 to $1,136 $1,061 to $1,297

Sourced from federal housing data and AffordableHousingOnline.com research.

Drexel, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 70
Total Housing Units with Rental Assistance 30
Percentage of Housing Units Occupied By Renters 33.69%
Average Renter Household Size 2.08
Average Household Size 2.37
Median Household Income $32,933 ±$5,237
Median Rent $583 ±$48
Percentage Of Renters Overburdened 45.38% ± 18.43pp
Total Population 1,869

Population and Household Demographics

Drexel is a city in Burke County, North Carolina with a population of 1,869. There are 739 households in the city with an average household size of 2.37 persons. 33.69% of households in Drexel are renters.

Income and Rent Overburden in Drexel

The median gross income for households in Drexel is $32,933 a year, or $2,744 a month. The median rent for the city is $583 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Drexel, a household making less than $1,943 a month would be considered overburdened when renting an apartment at or above the median rent. 45.38% of households who rent are overburdened in Drexel.

Area Median Income In Drexel

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 Drexel, the AMI is calculated from all households within Burke County.

In Drexel, HUD calculates the Area Median Income for a family of four as $71,400

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 Drexel

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 Drexel

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Drexel AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,000 $19,720 $24,860 $30,000 $35,140 $40,280 $44,250 $47,100
50% AMI Income Limits
Renters earning up to 50% of the Drexel AMI may qualify for rental assistance programs that target Very Low Income households.
$25,000 $28,550 $32,100 $35,650 $38,550 $41,400 $44,250 $47,100
80% AMI Income Limits
Renters earning up to 80% of the Drexel AMI may qualify for rental assistance programs that target Low Income households.
$39,950 $45,650 $51,350 $57,050 $61,650 $66,200 $70,750 $75,350