. Low Income Apartments For Rent in Gibson, North Carolina - Affordable Housing Online

Gibson Manor Apartments

5001 Main St
Gibson, North Carolina
Rent Assisted
S. 515 Rural

Gibson Village

13144 Church St
Gibson, North Carolina

Arc Hds Scotland Co Gh 2

305 Francis St
Gibson, North Carolina
S. 202
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There are 0 low-income apartments in Gibson that offer reduced rents to eligible households.

Rental assistance programs support 61 low-income homes in Gibson where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $248 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Gibson, 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.

Housing Authority Programs
Southeastern Community and Family Services Section 8 Housing Choice Voucher (HCV)
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Gibson.

Gibson, North Carolina Affordable Housing Data

Income Based Apartments in Gibson, North Carolina

Gibson features 61 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 Gibson, North Carolina

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gibson.

Housing Choice Vouchers in Gibson, North Carolina

On average, Section 8 Housing Choice vouchers pay Gibson landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Gibson.

The maximum amount a voucher would pay on behalf of a low-income tenant in Gibson, North Carolina for a two-bedroom apartment is between $694 and $848.

2023 Gibson, North Carolina Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Gibson, North Carolina Fair Market Rent $582 $586 $771 $978 $1,036
Gibson, North Carolina Payment Standard Range $524 to $640 $527 to $645 $694 to $848 $880 to $1,076 $932 to $1,140

Sourced from federal housing data and AffordableHousingOnline.com research.

Gibson, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 61
Total Housing Units with Rental Assistance 61
Percentage of Housing Units Occupied By Renters 67.33%
Average Renter Household Size 2.39
Average Household Size 2.55
Median Household Income $18,500 ±$6,451
Median Rent $583 ±$82
Percentage Of Renters Overburdened 38.24% ± 14.01pp
Total Population 516

Population and Household Demographics

Gibson is a city in Scotland County, North Carolina with a population of 516. There are 202 households in the city with an average household size of 2.55 persons. 67.33% of households in Gibson are renters.

Income and Rent Overburden in Gibson

The median gross income for households in Gibson is $18,500 a year, or $1,542 a month. The median rent for the city is $583 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gibson, a household making less than $1,943 a month would be considered overburdened when renting an apartment at or above the median rent. 38.24% of households who rent are overburdened in Gibson.

Area Median Income In Gibson

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 Gibson, the AMI is calculated from all households within Scotland County.

In Gibson, HUD calculates the Area Median Income for a family of four as $52,900

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 Gibson

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 HUD Rental Assistance in Gibson

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Gibson AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $35,140 $40,150 $42,950 $45,700
50% AMI Income Limits
Renters earning up to 50% of the Gibson AMI may qualify for rental assistance programs that target Very Low Income households.
$24,250 $27,700 $31,150 $34,600 $37,400 $40,150 $42,950 $45,700
80% AMI Income Limits
Renters earning up to 80% of the Gibson AMI may qualify for rental assistance programs that target Low Income households.
$38,750 $44,300 $49,850 $55,350 $59,800 $64,250 $68,650 $73,100