What HUD offices serve Fayetteville, 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 Fayetteville.
How many renters live in Fayetteville, North Carolina?
The City of Fayetteville has people living in households.
There are renters living in renter households in this City. Renters make up 44.33 percent of the population living in Fayetteville.
What is the rental market like in Fayetteville, North Carolina?
There are an estimated housing units in the Fayetteville area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Fayetteville, North Carolina, there are 1.06 rental units.
What is the vacancy rate for rentals in Fayetteville?
The rental vacancy rate in Fayetteville is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Fayetteville for each bedroom size?
Occupied Rental Units by Size in Fayetteville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 1,513 5,694 17,866 15,596 1,781 Occupied Rental Units by Size in Fayetteville
A large number of apartments in Fayetteville have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many units are rented at Fair Market Rent (FMR) in Fayetteville?
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 763 50 percent One BR 3,701 65 percent Two BR 11,911 67 percent Rental Units Below FMR in Fayetteville, North Carolina
How many affordable rental units are in Fayetteville?
There are a variety of federal affordable housing programs serving households in
Fayetteville, North Carolina including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Section 202 Supportive Housing for the Elderly Section 811 Supportive Housing for Persons with Disabilities USDA Section 515 Rural Rental Housing Tracked Units by Federal Program in Fayetteville, North Carolina
Income Based Apartments in Fayetteville, North Carolina
Fayetteville features 1,877 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 Fayetteville, North Carolina
There are 2,283 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fayetteville.
Housing Choice Vouchers in Fayetteville, North Carolina
On average, Section 8 Housing Choice vouchers pay Fayetteville landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Fayetteville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fayetteville, North Carolina for a two-bedroom apartment is between $1,163 and $1,421.
Sourced from federal housing data and AffordableHousingOnline.com research.