Affordable Housing In Guilford County
North Carolina

118 Low Income Apartment Communities In Guilford County

Dunbar Place Apartments

100 Peacock Ln
Arden, NC
$425-674
1-3 BR
HCV Welcome

River Glen Apartments

1 River Glen Dr
Arden, NC
Income Based
2-3 BR
HCV Welcome

Kirkwood Crossing

2122 Crossing Way
High Point, NC
$745-875
1-2 BR
HCV Welcome

Rankin School Place

1611 Spry Street
Greensboro, NC
Call For Rent
1-2 BR
HCV Welcome

Hope Court

3701 Hope Court
Greensboro, NC
$390-590
1-3 BR

Sumner Ridge

4203
Greensboro, NC
$237-335
1-3 BR
Accessible

Laurence Manor

2300 Juliet Pl
Greensboro, NC
Income Based-455
1-3 BR
Subsidized

Spencer Street Apartments

2101 Spencer St
Greensboro, NC
$447
2 BR
HCV Welcome

Windhill Court

109 Wind Hill Ct
Greensboro, NC
$480-560
1-2 BR
HCV Welcome

Southwoods

2307 A Columbus Street
Greensboro, NC
$400
Studio BR
HCV Welcome

There are 118 low income housing apartment complexes which contain 5,084 affordable apartments for rent in Guilford County. Many of these rental apartments are income based housing with 3,213 apartments that set rent based on your income. In Guilford County, HUD housing programs support 710 rental assistance apartments through programs like Project-based Section 8. There are 1,799 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Guilford County

Housing Authority Programs
Greensboro Housing Authoity Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Guilford County

Housing Authority Programs
Housing Authority of the City of High Point Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-sufficiency

Guide To Affordable Housing in Guilford County, North Carolina

Guilford County, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 118
Total Low Income Apartments 5,084
Total Rent Assisted Apartments 3,213
Percentage of Housing Units Occupied By Renters 40.37%
Average Renter Household Size 2.34
Total Population 506,763
Housing Units 199,540
Average Household Size 2.46
Median Household Income $45,651 ±$746
Median Rent $771 ±$7
Percentage Of Renters Overburdened 47.52% ± 1.56pp

Population and Household Demographics

Guilford County is a County in North Carolina with a population of 506,763. There are 199,540 households in the county with an average household size of 2.46 persons. 40.37% of households in Guilford County are renters.

Income and Rent Overburden in Guilford County

The median gross income for households in Guilford County is $45,651 a year, or $3,804 a month. The median rent for the county is $771 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Guilford County, a household making less than $2,570 a month would be considered overburdened when renting an apartment at or above the median rent. 47.52% of households who rent are overburdened in Guilford County.1

Area Median Income In Guilford County

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.

In Guilford County, HUD calculates the Area Median Income for a family of four as $61,300

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 Guilford County

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 Guilford County HUD Rental Assistance in Guilford County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,900 $16,910 $21,330 $25,750 $30,170 $34,590 $38,050 $40,500
50% of Median $21,500 $24,550 $27,600 $30,650 $33,150 $35,600 $38,050 $40,500
80% of Median $34,350 $39,250 $44,150 $49,050 $53,000 $56,900 $60,850 $64,750
Low Income Housing Tax Credits in Guilford County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2010, 165 low income apartment communities containing 2,129 rental apartments have been constructed and made affordable to low income persons in Guilford County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Guilford County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $25,800 $29,460 $33,120 $36,780 $39,780 $42,720 $45,660 $48,600

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Guilford County is $33,120 a year, or $2,760 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,760 by 30% to get a maximum rent of $828 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $538 $576 $690 $798 $890 $982
60% $645 $691 $828 $957 $1,068 $1,178
Fair Market Rents in Guilford County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$612 $661 $769 $1,028 $1,201

Cities In Guilford County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Greensboro 114 The HUD funded Public Housing Agency that serves Greensboro is the Greensboro Housing Authoity.
Jamestown 1 The HUD funded Public Housing Agency that serves Jamestown is the Greensboro Housing Authoity.
Arden 3 The HUD funded Public Housing Agency that serves Arden is the Greensboro Housing Authoity.
Forest Oaks 0 The HUD funded Public Housing Agency that serves Forest Oaks is the Greensboro Housing Authoity.
McLeansville 0 The HUD funded Public Housing Agency that serves McLeansville is the Greensboro Housing Authoity.
Summerfield 0 The HUD funded Public Housing Agency that serves Summerfield is the Greensboro Housing Authoity.
Archdale 0 The HUD funded Public Housing Agency that serves Archdale is the Greensboro Housing Authoity.
Oak Ridge 0 The HUD funded Public Housing Agency that serves Oak Ridge is the Greensboro Housing Authoity.
Pleasant Garden 0 The HUD funded Public Housing Agency that serves Pleasant Garden is the Greensboro Housing Authoity.
Sedalia 0 The HUD funded Public Housing Agency that serves Sedalia is the Greensboro Housing Authoity.
Stokesdale 0 The HUD funded Public Housing Agency that serves Stokesdale is the Greensboro Housing Authoity.
Whitsett 0 The HUD funded Public Housing Agency that serves Whitsett is the Greensboro Housing Authoity.
High Point 41 The HUD funded Public Housing Agency that serves High Point is the Housing Authority of the City of High Point.