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

J.C. Morgan Courts

203 Anaheim St
High Point, NC

Elm Towers

701 S Elm St
High Point, NC

Juanita Hills

2809 Moreland Ave
High Point, NC

Scattered Sites B

1302 Bradshaw St
High Point, NC

Daniel Brooks Annex 2

300 Henley St
High Point, NC

Central Avenue Apartments

2601 Central Ave
High Point, NC
HCV Welcome

Scattered Sites 620

405 Evergreen Ave
High Point, NC

Central Street Apartments Phase I

2613 Central Ave
High Point, NC
HCV Welcome

Deep River Development

2776 Gateworth Dr
High Point, NC

Rhf Scattered Sites

327 Summit Rd
High Point, NC

There are 41 low income housing apartment complexes which contain 2,765 affordable apartments for rent in High Point. Many of these rental apartments are income based housing with 2,052 apartments that set rent based on your income. In High Point, HUD housing programs support 747 rental assistance apartments through programs like Project-based Section 8. There are 713 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

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

High Point, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 41
Total Low Income Apartments 2,765
Total Rent Assisted Apartments 2,052
Percentage of Housing Units Occupied By Renters 43.99%
Average Renter Household Size 2.55
Total Population 108,031
Housing Units 40,973
Average Household Size 2.55
Median Household Income $42,299 ±$1,232
Median Rent $781 ±$13
Percentage Of Renters Overburdened 51.15% ± 3.25pp

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.

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