What HUD offices serve Gastonia, 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.
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Gastonia.
How many renters live in Gastonia, North Carolina?
The City of Gastonia has 82,666 people living in 34,881 households.
There are 31,160 renters living in 14,774 renter households in this City. Renters make up 37.69 percent of the population living in Gastonia.
What is the rental market like in Gastonia, North Carolina?
There are an estimated 34,467 housing units in the Gastonia area. Of these, 15,122 units are rental homes, making up 44 percent of the housing market. For every renter household in Gastonia, North Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Gastonia?
The rental vacancy rate in Gastonia is 9 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 Gastonia for each bedroom size?
Occupied Rental Units by Size in Gastonia
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 431 | 2,610 | 6,520 | 3,908 | 254 |
Occupied Rental Units by Size in Gastonia
A large number of apartments in Gastonia 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 Gastonia are overburdened by housing costs?
Among renter households in this market, 47 percent have housing cost burden. Further, 23 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 Gastonia
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,347 to $2,481. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,347 |
| One BR | $1,384 |
| Two BR | $1,554 |
| Three BR | $1,936 |
| Four BR | $2,481 |
2024 Fair Market Rents in Gastonia, North Carolina
How many units are rented at Fair Market Rent (FMR) in Gastonia?
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 | 290 | 67 percent |
| One BR | 2,400 | 92 percent |
| Two BR | 5,810 | 89 percent |
Rental Units Below FMR in Gastonia, North Carolina
How many affordable rental units are in Gastonia?
There are a variety of federal affordable housing programs serving households in Gastonia, North Carolina including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 1,043 |
| Section 8 Project-Based Rental Assistance | 401 |
| Section 202 Supportive Housing for the Elderly | 82 |
| Section 811 Supportive Housing for Persons with Disabilities | 56 |
Tracked Units by Federal Program in Gastonia, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Gastonia, North Carolina
Gastonia features 954 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 Gastonia, North Carolina
There are 742 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gastonia.
Housing Choice Vouchers in Gastonia, North Carolina
On average, Section 8 Housing Choice vouchers pay Gastonia landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Gastonia.
The maximum amount a voucher would pay on behalf of a low-income tenant in Gastonia, North Carolina for a two-bedroom apartment is between $1,399 and $1,709.
Sourced from federal housing data and AffordableHousingOnline.com research.
