How many renters live in Graham County, North Carolina?
The County of Graham County has 8,047 people living in 3,179 households.
There are 1,201 renters living in 638 renter households in this County. Renters make up 14.92 percent of the population living in Graham County.
What is the rental market like in Graham County, North Carolina?
There are an estimated 5,272 housing units in the Graham County area. Of these, 769 units are rental homes, making up 15 percent of the housing market. For every renter household in Graham County, North Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Graham County?
The rental vacancy rate in Graham County is 16 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 Graham County for each bedroom size?
Occupied Rental Units by Size in Graham County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 2 | 147 | 236 | 177 | 68 |
Occupied Rental Units by Size in Graham County
A large number of apartments in Graham County 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 Graham County are overburdened by housing costs?
Among renter households in this market, 32 percent have housing cost burden. Further, 11 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 Graham County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $713 to $1,305. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $713 |
| One BR | $745 |
| Two BR | $856 |
| Three BR | $1,206 |
| Four BR | $1,305 |
2024 Fair Market Rents in Graham County, North Carolina
How many units are rented at Fair Market Rent (FMR) in Graham County?
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 | 2 | 100 percent |
| One BR | 99 | 67 percent |
| Two BR | 172 | 73 percent |
Rental Units Below FMR in Graham County, North Carolina
How many affordable rental units are in Graham County?
There are a variety of federal affordable housing programs serving households in Graham County, North Carolina including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 64 |
| Section 8 Project-Based Rental Assistance | 20 |
| USDA Section 515 Rural Rental Housing | 32 |
Tracked Units by Federal Program in Graham County, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Graham County, North Carolina
Graham County features 52 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 Graham County, North Carolina
There are 166 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Graham County.
Housing Choice Vouchers in Graham County, North Carolina
On average, Section 8 Housing Choice vouchers pay Graham County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Graham County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Graham County, North Carolina for a two-bedroom apartment is between $770 and $942.
Sourced from federal housing data and AffordableHousingOnline.com research.
