What HUD offices serve Granite Quarry, 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 Granite Quarry.
How many renters live in Granite Quarry, North Carolina?
The City of Granite Quarry has people living in households.
There are renters living in renter households in this City. Renters make up 22.05 percent of the population living in Granite Quarry.
What is the rental market like in Granite Quarry, North Carolina?
There are an estimated housing units in the Granite Quarry area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Granite Quarry, North Carolina, there are 1.18 rental units.
What is the vacancy rate for rentals in Granite Quarry?
The rental vacancy rate in Granite Quarry is 15 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 Granite Quarry for each bedroom size?
Occupied Rental Units by Size in Granite Quarry
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 10 | 49 | 250 | 15 | 16 |
Occupied Rental Units by Size in Granite Quarry
A large number of apartments in Granite Quarry 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 Granite Quarry
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $925 to $1,702. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $925 |
| One BR | $931 |
| Two BR | $1,121 |
| Three BR | $1,483 |
| Four BR | $1,702 |
2024 Fair Market Rents in Granite Quarry, North Carolina
How many units are rented at Fair Market Rent (FMR) in Granite Quarry?
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 | 10 | 100 percent |
| One BR | 49 | 100 percent |
| Two BR | 231 | 92 percent |
Rental Units Below FMR in Granite Quarry, North Carolina
How many affordable rental units are in Granite Quarry?
There are a variety of federal affordable housing programs serving households in Granite Quarry, North Carolina including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | |
| Section 811 Supportive Housing for Persons with Disabilities |
Tracked Units by Federal Program in Granite Quarry, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Granite Quarry, North Carolina
Granite Quarry features 30 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 Granite Quarry, North Carolina
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Granite Quarry.
Housing Choice Vouchers in Granite Quarry, North Carolina
On average, Section 8 Housing Choice vouchers pay Granite Quarry landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Granite Quarry.
The maximum amount a voucher would pay on behalf of a low-income tenant in Granite Quarry, North Carolina for a two-bedroom apartment is between $1,009 and $1,233.
Sourced from federal housing data and AffordableHousingOnline.com research.