Low Income Apartments and Affordable Housing For Rent in Gibsonville, NC

Discover affordable housing in Gibsonville where there are 6+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Guilford Greene

Slade St, Gibsonville, North Carolina 27249

switch_access_shortcut Short Wait
accessibility Accessible

La Shawn Valley Apartments

702 Slade St, Gibsonville, North Carolina 27249

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
accessibility Accessible

Azalea Circle

400 Steele St, Gibsonville, North Carolina 27249

payment Subsidized

295 Brown Rd

295 Brown Rd, Gibsonville, North Carolina 27249

bed 3
payment $950/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

Arc Hds Alamance Co Group Home 13

154 Huffine St, Gibsonville, North Carolina 27249

payment Subsidized
accessibility Accessible
accessible_forward Disability

Arc Hds Alamance County Gh 12

304 Rosemont St, Gibsonville, North Carolina 27249

payment Subsidized
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Gibsonville, North Carolina

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Gibsonville, North Carolina
$22.16/hour
$14.91 (+206%) more than North Carolina minimum wage and $14.91 (+206%) more than the Federal minimum wage.
Learn More About Gibsonville, North Carolina Affordable Housing ↓

What HUD offices serve Gibsonville, 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Gibsonville, North Carolina.

Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Gibsonville.

How many renters live in Gibsonville, North Carolina?

The City of Gibsonville has people living in households.

There are renters living in renter households in this City. Renters make up 9.83 percent of the population living in Gibsonville.

What is the rental market like in Gibsonville, North Carolina?

There are an estimated housing units in the Gibsonville area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Gibsonville, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Gibsonville?

The rental vacancy rate in Gibsonville is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Gibsonville for each bedroom size?

Occupied Rental Units by Size in Gibsonville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 97 178 213 8
Occupied Rental Units by Size in Gibsonville

A large number of apartments in Gibsonville have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Gibsonville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $828 to $1,713. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $828
One BR $1,043
Two BR $1,215
Three BR $1,523
Four BR $1,713
2024 Fair Market Rents in Gibsonville, North Carolina

How many units are rented at Fair Market Rent (FMR) in Gibsonville?

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
One BR 97 100 percent
Two BR 150 84 percent
Rental Units Below FMR in Gibsonville, North Carolina

How many affordable rental units are in Gibsonville?

There are a variety of federal affordable housing programs serving households in Gibsonville, North Carolina including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Gibsonville, North Carolina

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Gibsonville, North Carolina

Gibsonville features 53 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 Gibsonville, North Carolina

There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gibsonville.

Housing Choice Vouchers in Gibsonville, North Carolina

On average, Section 8 Housing Choice vouchers pay Gibsonville landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Gibsonville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Gibsonville, North Carolina for a two-bedroom apartment is between $1,053 and $1,287.

Sourced from federal housing data and AffordableHousingOnline.com research.