Affordable Housing In High Point
Guilford County, North Carolina

High Point city limits extend into  Forsyth CountyDavidson CountyGuilford County,  and  Randolph County.

41 Low Income Apartment Communities In High Point

Creekside at Bellemeade

2340 Bellemeade St
High Point, NC
HCV Welcome

Laurelwood Park Apartments

1260 Burton Ave
High Point, NC
HCV Welcome

Park Terrace Apartments Phase II

841 Sharon Cir
High Point, NC
HCV Welcome

Kirkwood Crossing

2122 Crossing Way
High Point, NC
HCV Welcome

2602 and 2604 Central Ave

2602 Central Ave
High Point, NC
HCV Welcome

2609 and 2611 Central Avenue

2609 Central Ave
High Point, NC
HCV Welcome

Daniel Brooks Homes

301 Henley St
High Point, NC

Astor Dowdy Towers

701 E Green Dr
High Point, NC

Carson Stout Homes

449 Meredith St
High Point, NC

Beamon Courts

104 Price St
High Point, NC

Housing Authorities that serve High Point

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 High Point, North Carolina

According to federal housing data and research, there are 41 low income housing apartment communities offering 2,765 affordable apartments for rent in High Point, North Carolina. High Point features 2,052 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 713 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in High Point.

High Point, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 41
Total Low Income Apartments 2,765
Total Housing Units with Rental Assistance 2,052
Percentage of Housing Units Occupied By Renters 43.99%
Average Renter Household Size 2.55
Average Household Size 2.55
Median Household Income $42,299 ±$1,232
Median Rent $781 ±$13
Percentage Of Renters Overburdened 51.15% ± 3.25pp
Total Population 108,031

Population and Household Demographics

High Point is a City in Guilford County, North Carolina with a population of 108,031. There are 40,973 households in the city with an average household size of 2.55 persons. 43.99% of households in High Point are renters.

Income and Rent Overburden in High Point

The median gross income for households in High Point is $42,299 a year, or $3,525 a month. The median rent for the city is $781 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In High Point, a household making less than $2,603 a month would be considered overburdened when renting an apartment at or above the median rent. 51.15% of households who rent are overburdened in High Point.1

Area Median Income In High Point

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 High Point, the AMI is calculated from all households within Guilford County.

In High Point, 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 High Point

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 High Point HUD Rental Assistance in High Point

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 High Point

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

From 1992 to 2011, 25 low income apartment communities containing 977 rental apartments have been constructed and made affordable to low income persons in High Point 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 High Point

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $21,500 $24,550 $27,600 $30,650 $33,150 $35,600 $38,050 $40,500
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 High Point 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 High Point

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$686 $728 $838 $1,114 $1,288