Affordable Housing In Hendersonville
16 Low Income Apartment Communities In Hendersonville
Housing Authorities that serve Hendersonville
|Hendersonville Housing Authority||Public Housing|
Other Housing Authorities located in Hendersonville
|Western Carolina Community Action Inc.||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Hendersonville, North Carolina
There are 16 low income housing apartment communities offering 883 affordable apartments for rent in Hendersonville, North Carolina.
Income Based Apartments in Hendersonville, North Carolina
Hendersonville features 607 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 Hendersonville, North Carolina
There are 276 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hendersonville.
Housing Choice Vouchers in Hendersonville, North Carolina
On average, Section 8 Housing Choice vouchers pay Hendersonville landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Hendersonville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hendersonville, North Carolina for a two-bedroom apartment is between $893 and $1,091.
2020 Hendersonville, 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|
|Fair Market Rent||$821||$826||$992||$1,357||$1,742|
|Payment Standard Range||$739 to $903||$743 to $909||$893 to $1,091||$1,221 to $1,493||$1,568 to $1,916|
Sourced from federal housing data and AffordableHousingOnline.com research.
Hendersonville, NC Affordable Housing Snapshot
|Total Affordable Apartment Properties||16|
|Total Low Income Apartments||883|
|Total Housing Units with Rental Assistance||607|
|Percentage of Housing Units Occupied By Renters||56.14%|
|Average Renter Household Size||2.17|
|Average Household Size||2.09|
|Median Household Income||$33,937 ±$2,797|
|Median Rent||$747 ±$57|
|Percentage Of Renters Overburdened||53.61% ± 7.06pp|
Population and Household Demographics
Hendersonville is a City in Henderson County, North Carolina with a population of 13,457. There are 6,193 households in the city with an average household size of 2.09 persons. 56.14% of households in Hendersonville are renters.
Income and Rent Overburden in Hendersonville
The median gross income for households in Hendersonville is $33,937 a year, or $2,828 a month. The median rent for the city is $747 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hendersonville, a household making less than $2,490 a month would be considered overburdened when renting an apartment at or above the median rent. 53.61% of households who rent are overburdened in Hendersonville.1
Area Median Income In Hendersonville
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 Hendersonville, the AMI is calculated from all households within Henderson County.
In Hendersonville, HUD calculates the Area Median Income for a family of four as $66,400
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 Hendersonville
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 Hendersonville
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$13,950||$16,910||$21,330||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$23,250||$26,600||$29,900||$33,200||$35,900||$38,550||$41,200||$43,850|
|80% of Median||$37,200||$42,500||$47,800||$53,100||$57,350||$61,600||$65,850||$70,100|