Arc Hds Pamlico County Group Home

554 NC 306 Hwy N
Grantsboro, North Carolina
Rent Assisted
Elderly Supportive Housing

There are 0 low-income apartments in Grantsboro that offer reduced rents to eligible households.

Rental assistance programs support 6 low-income homes in Grantsboro where households pay rent based on how much they earn.

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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 Grantsboro, 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
Twin Rivers Opportunities Inc. Section 8 Housing Choice Voucher (HCV)
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Grantsboro.

Grantsboro, North Carolina Affordable Housing Data

Income Based Apartments in Grantsboro, North Carolina

Grantsboro features 6 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 Grantsboro, North Carolina

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

Housing Choice Vouchers in Grantsboro, North Carolina

On average, Section 8 Housing Choice vouchers pay Grantsboro landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Grantsboro.

The maximum amount a voucher would pay on behalf of a low-income tenant in Grantsboro, North Carolina for a two-bedroom apartment is between $904 and $1,104.

2023 Grantsboro, 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
Grantsboro, North Carolina Fair Market Rent $762 $767 $1,004 $1,222 $1,559
Grantsboro, North Carolina Payment Standard Range $686 to $838 $690 to $844 $904 to $1,104 $1,100 to $1,344 $1,403 to $1,715

Sourced from federal housing data and research.

Grantsboro, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 6
Total Housing Units with Rental Assistance 6
Percentage of Housing Units Occupied By Renters 30.38%
Average Renter Household Size 3.28
Average Household Size 2.57
Median Household Income $34,821 ±$9,812
Median Rent $707 ±$89
Percentage Of Renters Overburdened 52.08% ± 27.74pp
Total Population 822

Population and Household Demographics

Grantsboro is a city in Pamlico County, North Carolina with a population of 822. There are 316 households in the city with an average household size of 2.57 persons. 30.38% of households in Grantsboro are renters.

Income and Rent Overburden in Grantsboro

The median gross income for households in Grantsboro is $34,821 a year, or $2,902 a month. The median rent for the city is $707 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grantsboro, a household making less than $2,357 a month would be considered overburdened when renting an apartment at or above the median rent. 52.08% of households who rent are overburdened in Grantsboro.

Area Median Income In Grantsboro

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 Grantsboro, the AMI is calculated from all households within Pamlico County.

In Grantsboro, HUD calculates the Area Median Income for a family of four as $79,600

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 Grantsboro

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 Grantsboro

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 Grantsboro AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,100 $19,720 $24,860 $30,000 $35,140 $40,280 $44,600 $47,500
50% AMI Income Limits
Renters earning up to 50% of the Grantsboro AMI may qualify for rental assistance programs that target Very Low Income households.
$25,200 $28,800 $32,400 $35,950 $38,850 $41,750 $44,600 $47,500
80% AMI Income Limits
Renters earning up to 80% of the Grantsboro AMI may qualify for rental assistance programs that target Low Income households.
$40,250 $46,000 $51,750 $57,500 $62,100 $66,700 $71,300 $75,900