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Affordable Housing In Forest City
Rutherford County, North Carolina

9 Low Income Apartment Communities In Forest City

Rutherford Manor I

775 S Church St
Forest City, North Carolina
Income Based
1-2 BR
Subsidized

Arc Hds Rutherford County Group Home 1

132 Bellview St
Forest City, North Carolina
Subsidized
62+
Accessible
Elderly Supportive Housing

Arc Hds Rutherford County Group Home 2

701 W Main Dr
Forest City, North Carolina
Subsidized
62+
Accessible
Elderly Supportive Housing

Heritage Village

100 Heritage Drive
Forest City, North Carolina
Subsidized

Oak Villa Apartments

242 E Spruce St
Forest City, North Carolina
Subsidized

Harmony Hills

375 Harmon St
Forest City, North Carolina
Subsidized
62+
Accessible
Elderly Supportive Housing

Rosedale Phase II

121 Holly Lane
Forest City, North Carolina

Amity Apartments

116 Maple St
Forest City, North Carolina

The Highlands Apartments

171 Butler Rd
Forest City, North Carolina
Subsidized
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Housing Authorities that serve Forest City

Housing Authority Programs
Forest City Housing Authority Public Housing
Isothermal Planning and Development Commission Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Veteran Affairs Supportive Housing (VASH)

Guide To Affordable Housing in Forest City, North Carolina

There are 9 low income housing apartment communities offering 438 affordable apartments for rent in Forest City, North Carolina.

Income Based Apartments in Forest City, North Carolina

Forest City features 414 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 Forest City, North Carolina

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Forest City.

Housing Choice Vouchers in Forest City, North Carolina

On average, Section 8 Housing Choice vouchers pay Forest City landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Forest City.

The maximum amount a voucher would pay on behalf of a low-income tenant in Forest City, North Carolina for a two-bedroom apartment is between $624 and $762.

2021 Forest City, 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
Forest City, North Carolina Fair Market Rent $522 $526 $693 $862 $993
Forest City, North Carolina Payment Standard Range $470 to $574 $473 to $579 $624 to $762 $776 to $948 $894 to $1,092

Sourced from federal housing data and AffordableHousingOnline.com research.

Forest City, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 438
Total Housing Units with Rental Assistance 414
Percentage of Housing Units Occupied By Renters 61.16%
Average Renter Household Size 2.54
Average Household Size 2.40
Median Household Income $26,770 ±$4,107
Median Rent $588 ±$38
Percentage Of Renters Overburdened 44% ± 10.44pp
Total Population 7,359

Population and Household Demographics

Forest City is a city in Rutherford County, North Carolina with a population of 7,359. There are 3,025 households in the city with an average household size of 2.40 persons. 61.16% of households in Forest City are renters.

Income and Rent Overburden in Forest City

The median gross income for households in Forest City is $26,770 a year, or $2,231 a month. The median rent for the city is $588 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Forest City, a household making less than $1,960 a month would be considered overburdened when renting an apartment at or above the median rent. 44% of households who rent are overburdened in Forest City.

Area Median Income In Forest City

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 Forest City, the AMI is calculated from all households within Rutherford County.

In Forest City, HUD calculates the Area Median Income for a family of four as $48,400

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 Forest City

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 Forest City

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 Forest City AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $31,040 $33,950 $36,300 $38,650
50% AMI Income Limits
Renters earning up to 50% of the Forest City AMI may qualify for rental assistance programs that target Very Low Income households.
$20,500 $23,400 $26,350 $29,250 $31,600 $33,950 $36,300 $38,650
80% AMI Income Limits
Renters earning up to 80% of the Forest City AMI may qualify for rental assistance programs that target Low Income households.
$32,800 $37,450 $42,150 $46,800 $50,550 $54,300 $58,050 $61,800