What HUD offices serve Elm City, 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 Elm City.
How many renters live in Elm City, North Carolina?
The City of Elm City has people living in households.
There are renters living in renter households in this City. Renters make up 33.88 percent of the population living in Elm City.
What is the rental market like in Elm City, North Carolina?
There are an estimated housing units in the Elm City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Elm City, North Carolina, there are 1.21 rental units.
What is the vacancy rate for rentals in Elm City?
The rental vacancy rate in Elm City is 17 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 Elm City for each bedroom size?
Occupied Rental Units by Size in Elm City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 10 | 7 | 64 | 69 | 0 |
Occupied Rental Units by Size in Elm City
A large number of apartments in Elm City 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 Elm City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $645 to $1,327. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $645 |
| One BR | $767 |
| Two BR | $952 |
| Three BR | $1,213 |
| Four BR | $1,327 |
2024 Fair Market Rents in Elm City, North Carolina
How many units are rented at Fair Market Rent (FMR) in Elm City?
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 | 10 | 100 percent |
| One BR | 5 | 71 percent |
| Two BR | 43 | 67 percent |
Rental Units Below FMR in Elm City, North Carolina
How many affordable rental units are in Elm City?
There are a variety of federal affordable housing programs serving households in Elm City, North Carolina including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Elm City, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Elm City, North Carolina
Elm City features 49 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 Elm City, North Carolina
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elm City.
Housing Choice Vouchers in Elm City, North Carolina
On average, Section 8 Housing Choice vouchers pay Elm City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Elm City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Elm City, North Carolina for a two-bedroom apartment is between $857 and $1,047.
Sourced from federal housing data and AffordableHousingOnline.com research.