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Affordable Housing In Hickory
Catawba County, North Carolina


Waiting List Openings In Hickory

Waiting ListStatus
City of Hickory Public Housing Authority Other Senior and Disabled Open Now

16 Low Income Apartment Communities In Hickory

Villas at Twin Cedars

1866 20th Ave Dr Northeast
Hickory, North Carolina
$472-629
1-2 BR
55+

Woodland Park Apartments

1726 3rd Ave NW
Hickory, North Carolina
Call For Rent
2-4 BR
Accepts Vouchers

Lutherhaus

720 7th Ave NE
Hickory, North Carolina
Call For Rent
Studio-4 BR
Subsidized
62+
Accessible
Elderly Supportive Housing

Hilltop Apartments

18th St Pl NW
Hickory, North Carolina
Subsidized

Highland Park

2110 17th Avenue Northeast
Hickory, North Carolina
Accepts Vouchers

Twin Cedars Apartments

1866 20th Avenue Dr NE
Hickory, North Carolina
Accepts Vouchers

Villas at Northview

415 26th Ave NE
Hickory, North Carolina
Accepts Vouchers

Silver Springs Terrace - 053 - 002 - Ni

950 20th St NE
Hickory, North Carolina
Subsidized

198 3rd Ave SE

198 3rd Ave SE
Hickory, North Carolina

Ridgecrest

2830 12th Ave SE
Hickory, North Carolina

Housing Authorities that serve Hickory

Housing Authority Programs
City of Hickory Public Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Section 8 Project-Based Rental Assistance (PBRA); Rental Assistance Demonstration (RAD)
Western Piedmont Council of Governments Regional Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Hickory, North Carolina

There are 16 low income housing apartment communities offering 973 affordable apartments for rent in Hickory, North Carolina.

Income Based Apartments in Hickory, North Carolina

Hickory features 566 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 Hickory, North Carolina

There are 407 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hickory.

Housing Choice Vouchers in Hickory, North Carolina

On average, Section 8 Housing Choice vouchers pay Hickory landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Hickory.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hickory, North Carolina for a two-bedroom apartment is between $641 and $783.

2020 Hickory, 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 $569 $573 $712 $918 $1,035
Payment Standard Range $512 to $626 $516 to $630 $641 to $783 $826 to $1,010 $932 to $1,139

Sourced from federal housing data and AffordableHousingOnline.com research.

Hickory, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 16
Total Low Income Apartments 973
Total Housing Units with Rental Assistance 566
Percentage of Housing Units Occupied By Renters 46.39%
Average Renter Household Size 2.36
Average Household Size 2.44
Median Household Income $43,338 ±$3,452
Median Rent $671 ±$16
Percentage Of Renters Overburdened 39.75% ± 4.57pp
Total Population 40,172

Population and Household Demographics

Hickory is a City in Catawba County, North Carolina with a population of 40,172. There are 15,899 households in the city with an average household size of 2.44 persons. 46.39% of households in Hickory are renters.

Income and Rent Overburden in Hickory

The median gross income for households in Hickory is $43,338 a year, or $3,612 a month. The median rent for the city is $671 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hickory, a household making less than $2,237 a month would be considered overburdened when renting an apartment at or above the median rent. 39.75% of households who rent are overburdened in Hickory.1

Area Median Income In Hickory

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 Hickory, the AMI is calculated from all households within Catawba County.

In Hickory, HUD calculates the Area Median Income for a family of four as $55,100

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 Hickory

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 Hickory

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $29,850 $32,050 $34,250 $36,450
50% of Median $19,350 $22,100 $24,850 $27,600 $29,850 $32,050 $34,250 $36,450
80% of Median $30,950 $35,350 $39,750 $44,150 $47,700 $51,250 $54,750 $58,300