Low Income Apartments and Affordable Housing For Rent in Forsyth County, NC

Discover affordable housing in Forsyth County where there are 106+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

calendar_today Opens: Apr 2
calendar_today Closes: Apr 4,

Reported On March 1st, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Forsyth County, North Carolina
$13.77 (+190%) more than North Carolina minimum wage and $13.77 (+190%) more than the Federal minimum wage.
Learn More About Forsyth County, North Carolina Affordable Housing ↓

What HUD offices serve Forsyth County, 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Forsyth County, North Carolina.

Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Forsyth County.

How many renters live in Forsyth County, North Carolina?

The County of Forsyth County has 389,157 people living in 156,738 households.

There are 126,657 renters living in 58,451 renter households in this County. Renters make up 32.55 percent of the population living in Forsyth County.

What is the rental market like in Forsyth County, North Carolina?

There are an estimated 175,632 housing units in the Forsyth County area. Of these, 65,251 units are rental homes, making up 37 percent of the housing market. For every renter household in Forsyth County, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Forsyth County?

The rental vacancy rate in Forsyth County is 10 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 Forsyth County for each bedroom size?

Occupied Rental Units by Size in Forsyth County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,515 11,176 25,167 18,157 2,364
Occupied Rental Units by Size in Forsyth County

A large number of apartments in Forsyth County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Forsyth County are overburdened by housing costs?

Among renter households in this market, 44 percent have housing cost burden. Further, 22 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Forsyth County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $897 to $1,671. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $897
One BR $936
Two BR $1,110
Three BR $1,452
Four BR $1,671
2024 Fair Market Rents in Forsyth County, North Carolina

How many units are rented at Fair Market Rent (FMR) in Forsyth County?

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 780 51 percent
One BR 6,391 57 percent
Two BR 15,140 60 percent
Rental Units Below FMR in Forsyth County, North Carolina

How many affordable rental units are in Forsyth County?

There are a variety of federal affordable housing programs serving households in Forsyth County, North Carolina including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 4,187
Public Housing 1,439
Section 8 Project-Based Rental Assistance 1,441
Section 202 Supportive Housing for the Elderly 233
Section 811 Supportive Housing for Persons with Disabilities 57
USDA Section 515 Rural Rental Housing 392
Tracked Units by Federal Program in Forsyth County, North Carolina

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Forsyth County, North Carolina

Forsyth County features 3,894 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 Forsyth County, North Carolina

There are 2,859 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Forsyth County.

Housing Choice Vouchers in Forsyth County, North Carolina

On average, Section 8 Housing Choice vouchers pay Forsyth County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Forsyth County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Forsyth County, North Carolina for a two-bedroom apartment is between $999 and $1,221.

Sourced from federal housing data and AffordableHousingOnline.com research.