Affordable Housing In Gastonia
Gaston County, North Carolina

44 Low Income Apartment Communities In Gastonia

Madison Place Senior Apartments

4200 Forbes Rd
Gastonia, NC
$528-633
1-2 BR
HCV Welcome

Village Square Apartments

1400 Paige Ct
Gastonia, NC
Income Based
1-2 BR
Subsidized

Stonecroft Village Apartments

1001 Farewell Drive
Gastonia, NC
Call For Rent
1-4 BR
Subsidized

Hoffman Homes

2263 Cordoba St
Gastonia, NC
Call For Rent
2-3 BR
Subsidized

Boyce Street Apartments

309-315 N. Boyce St
Gastonia, NC
HCV Welcome

The Villas at Union Trace

725 Wellons Drive
Gastonia, NC
Call For Rent
1-2 BR
HCV Welcome

Catherine Booth Gardens

1436 Union Rd
Gastonia, NC
Call For Rent
Studio-4 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Wnc Community Homes 5

2250 Baltic St
Gastonia, NC
Accessible
Disabled Supportive Housing
Subsidized

Arc Hds Gaston Co Apartments

401 E 3rd Ave
Gastonia, NC
62+
Accessible
Elderly Supportive Housing
Subsidized

Mountain Ridge Group Home

810 King Arthur Dr
Gastonia, NC
Accessible
Disabled Supportive Housing
Subsidized

Housing Authorities that serve Gastonia

Housing Authority Programs
Gastonia Housing Authority Section 8 Housing Choice Voucher (HCV); Rental Assistance Demonstration (RAD)

Guide To Affordable Housing in Gastonia, North Carolina

There are 44 low income housing apartment communities offering 1,449 affordable apartments for rent in Gastonia, North Carolina. Gastonia features 954 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 491 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Gastonia.

Sourced from federal housing data and AffordableHousingOnline.com research.

Gastonia, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 44
Total Low Income Apartments 1,449
Total Housing Units with Rental Assistance 954
Percentage of Housing Units Occupied By Renters 46.37%
Average Renter Household Size 2.66
Average Household Size 2.68
Median Household Income $40,432 ±$1,817
Median Rent $770 ±$17
Percentage Of Renters Overburdened 54.67% ± 3.82pp
Total Population 73,211

Population and Household Demographics

Gastonia is a City in Gaston County, North Carolina with a population of 73,211. There are 26,771 households in the city with an average household size of 2.68 persons. 46.37% of households in Gastonia are renters.

Income and Rent Overburden in Gastonia

The median gross income for households in Gastonia is $40,432 a year, or $3,369 a month. The median rent for the city is $770 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gastonia, a household making less than $2,567 a month would be considered overburdened when renting an apartment at or above the median rent. 54.67% of households who rent are overburdened in Gastonia.1

Area Median Income In Gastonia

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 Gastonia, the AMI is calculated from all households within Gaston County.

In Gastonia, 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 Gastonia

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 Gastonia HUD Rental Assistance in Gastonia

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
Low Income Housing Tax Credits in Gastonia

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

From 1987 to 2012, 23 low income apartment communities containing 487 rental apartments have been constructed and made affordable to low income persons in Gastonia 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 Gastonia

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $27,650 $31,600 $35,550 $39,500 $42,700 $45,850 $49,000 $52,150
60% of Median $33,180 $37,920 $42,660 $47,400 $51,240 $55,020 $58,800 $62,580

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 Gastonia is $42,660 a year, or $3,555 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,555 by 30% to get a maximum rent of $1,067 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% $691 $741 $889 $1,028 $1,146 $1,264
60% $830 $889 $1,067 $1,233 $1,376 $1,517
Fair Market Rents in Gastonia

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
$907 $934 $1,063 $1,423 $1,828