Affordable Housing In Gaston County
79 Low Income Apartment Communities In Gaston County
Housing Authorities that serve Gaston County
|Gastonia Housing Authority||Section 8 Housing Choice Voucher (HCV); Rental Assistance Demonstration (RAD)|
Other Housing Authorities located in Gaston County
|Belmont Housing Authority||Public Housing|
|City of Mount Holly Dept. of Housing||Public Housing|
Guide To Affordable Housing in Gaston County, North Carolina
There are 79 low income housing apartment communities offering 2,684 affordable apartments for rent in Gaston County, North Carolina. Gaston County features 1,382 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,298 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Gaston County.
Sourced from federal housing data and AffordableHousingOnline.com research.
Gaston County, NC Affordable Housing Snapshot
|Total Affordable Apartment Properties||79|
|Total Low Income Apartments||2,684|
|Total Housing Units with Rental Assistance||1,382|
|Percentage of Housing Units Occupied By Renters||33.51%|
|Average Renter Household Size||2.55|
|Average Household Size||2.61|
|Median Household Income||$42,429 ±$835|
|Median Rent||$731 ±$13|
|Percentage Of Renters Overburdened||49.89% ± 2.37pp|
Population and Household Demographics
Gaston County is a County in North Carolina with a population of 209,807. There are 79,166 households in the county with an average household size of 2.61 persons. 33.51% of households in Gaston County are renters.
Income and Rent Overburden in Gaston County
The median gross income for households in Gaston County is $42,429 a year, or $3,536 a month. The median rent for the county is $731 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gaston County, a household making less than $2,437 a month would be considered overburdened when renting an apartment at or above the median rent. 49.89% of households who rent are overburdened in Gaston County.1
Area Median Income In Gaston County
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.
In Gaston County, HUD calculates the Area Median Income for a family of four as $79,000
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 Gaston County
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 Gaston County HUD Rental Assistance in Gaston County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$16,600||$19,000||$21,350||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$27,650||$31,600||$35,550||$39,500||$42,700||$45,850||$49,000||$52,150|
|80% of Median||$44,250||$50,600||$56,900||$63,200||$68,300||$73,350||$78,400||$83,450|
Fair Market Rents in Gaston County
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|
Cities In Gaston County
Select A City to View its Apartment Communities and Waiting Lists.
|Gastonia||44||The HUD funded Public Housing Agency that serves Gastonia is the Gastonia Housing Authority.|
|Cherryville||13||The HUD funded Public Housing Agency that serves Cherryville is the Gastonia Housing Authority.|
|Belmont||5||The HUD funded Public Housing Agencies that serve Belmont are the Belmont Housing Authority and Gastonia Housing Authority.|
|Bessemer City||4||The HUD funded Public Housing Agency that serves Bessemer City is the Gastonia Housing Authority.|
|High Shoals||1||The HUD funded Public Housing Agency that serves High Shoals is the Gastonia Housing Authority.|
|Stanley||3||The HUD funded Public Housing Agency that serves Stanley is the Gastonia Housing Authority.|
|Dallas||5||The HUD funded Public Housing Agency that serves Dallas is the Gastonia Housing Authority.|
|Mount Holly||3||The HUD funded Public Housing Agencies that serve Mount Holly are the City of Mount Holly Dept. of Housing and Gastonia Housing Authority.|
|Cramerton||1||The HUD funded Public Housing Agency that serves Cramerton is the Gastonia Housing Authority.|
|Lowell||0||The HUD funded Public Housing Agency that serves Lowell is the Gastonia Housing Authority.|
|McAdenville||0||The HUD funded Public Housing Agency that serves McAdenville is the Gastonia Housing Authority.|
|Ranlo||0||The HUD funded Public Housing Agency that serves Ranlo is the Gastonia Housing Authority.|
|Spencer Mountain||0||The HUD funded Public Housing Agency that serves Spencer Mountain is the Gastonia Housing Authority.|
|Dellview||0||The HUD funded Public Housing Agency that serves Dellview is the Gastonia Housing Authority.|