Affordable Housing In Four Oaks
Johnston County, North Carolina

5 Low Income Apartment Communities In Four Oaks

Oak Park Apartments

51 Oak Park Dr
Four Oaks, NC
Income Based
1-3 BR
HCV Welcome

Four Oaks Village Apartments

105 Keen Rd
Four Oaks, NC
Call For Rent
1-2 BR
62+
Accessible
Subsidized

Twin Oaks Apartments

312 Surles Dr
Four Oaks, NC
Subsidized

Arc Hds Johnston Co Group Home - Fo

217 George St
Four Oaks, NC
62+
Accessible
Elderly Supportive Housing
Subsidized

Oaks Apartments ( the )

Allen Court
Four Oaks, NC
Subsidized
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Housing Authorities that serve Four Oaks

Housing Authority Programs
Johnston County Housing Assistance Payments Program Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Four Oaks, North Carolina

According to federal housing data and AffordableHousingOnline.com research, there are 5 low income housing apartment communities offering 142 affordable apartments for rent in Four Oaks, North Carolina. Four Oaks features 112 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 30 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Four Oaks.

Four Oaks, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 142
Total Housing Units with Rental Assistance 112
Percentage of Housing Units Occupied By Renters 43.07%
Average Renter Household Size 2.59
Average Household Size 2.80
Median Household Income $28,457 ±$6,331
Median Rent $630 ±$31
Percentage Of Renters Overburdened 50.68% ± 21.64pp
Total Population 1,900

Population and Household Demographics

Four Oaks is a City in Johnston County, North Carolina with a population of 1,900. There are 678 households in the city with an average household size of 2.80 persons. 43.07% of households in Four Oaks are renters.

Income and Rent Overburden in Four Oaks

The median gross income for households in Four Oaks is $28,457 a year, or $2,371 a month. The median rent for the city is $630 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Four Oaks, a household making less than $2,100 a month would be considered overburdened when renting an apartment at or above the median rent. 50.68% of households who rent are overburdened in Four Oaks.1

Area Median Income In Four Oaks

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 Four Oaks, the AMI is calculated from all households within Johnston County.

In Four Oaks, HUD calculates the Area Median Income for a family of four as $93,100

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 Four Oaks

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 Four Oaks HUD Rental Assistance in Four Oaks

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,500 $22,250 $25,050 $27,800 $30,170 $34,590 $39,010 $43,430
50% of Median $32,450 $37,100 $41,750 $46,350 $50,100 $53,800 $57,500 $61,200
80% of Median $51,950 $59,350 $66,750 $74,150 $80,100 $86,050 $91,950 $97,900
Low Income Housing Tax Credits in Four Oaks

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1990 to 2010, 3 low income apartment communities containing 86 rental apartments have been constructed and made affordable to low income persons in Four Oaks by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Four Oaks

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $32,450 $37,100 $41,750 $46,350 $50,100 $53,800 $57,500 $61,200
60% of Median $38,940 $44,520 $50,100 $55,620 $60,120 $64,560 $69,000 $73,440

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Four Oaks is $50,100 a year, or $4,175 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,175 by 30% to get a maximum rent of $1,253 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $811 $869 $1,044 $1,206 $1,345 $1,484
60% $974 $1,043 $1,253 $1,447 $1,614 $1,781
Fair Market Rents in Four Oaks

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$962 $1,022 $1,163 $1,482 $1,895