. Low Income Apartments For Rent in Hope Mills, North Carolina - Affordable Housing Online

Golfview Apartments

4146 Fescue Ct
Hope Mills, North Carolina
Rent Assisted
LIHTC
HOME
Call For Rent
2 BR

Crosswinds Green Apartments II

3415 Town Street
Hope Mills, North Carolina
Rent Assisted
HOME
Call For Rent
2 BR

Southview Green Apartments

3155 Round Grove Place
Hope Mills, North Carolina
Rent Assisted
LIHTC
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Pine Chase

3188 Big Pine Dr
Hope Mills, North Carolina
Rent Assisted
LIHTC

Southview Villas

3325 Gibbon Dr
Hope Mills, North Carolina
Rent Assisted
LIHTC

Village Green Apartments Phase II

6239 Hackberry Dr
Hope Mills, North Carolina
Subsidized
Rent Assisted
Senior
Supportive
S. 515 Rural
RDRA

Pineridge Manor Apartments

3200 Big Pine Dr
Hope Mills, North Carolina
Rent Assisted
LIHTC
HOME

Legion Manor Apartments

651 Seth Way
Hope Mills, North Carolina
Rent Assisted
LIHTC
HOME

Arc Hds Cumberland Co Gh 5

5713 Newton St
Hope Mills, North Carolina
Subsidized
Senior
S. 202

Legion Crossing Apartments

3615 Ireland Dr
Hope Mills, North Carolina
Rent Assisted
LIHTC

Fairway Forest I

5564 Foxridge Dr
Hope Mills, North Carolina
Subsidized
Rent Assisted
Senior
Supportive
S. 515 Rural
RDRA

3025 Akron Dr

3025 Akron Dr
Hope Mills, North Carolina
Subsidized
Public Housing

Golfview Associates, Lp

Golfview Dr
Hope Mills, North Carolina
Rent Assisted
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There are 464 low-income apartments in Hope Mills that offer reduced rents to eligible households.

Rental assistance programs support 412 low-income homes in Hope Mills where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $274 towards rent each month.

Affordable rent data for some communities last confirmed on January 3rd, 2023. Subdsidized rents typically change once a year based on federal guidance.

Hope Mills, North Carolina Affordable Housing Data

Income Based Apartments in Hope Mills, North Carolina

Hope Mills features 412 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 Hope Mills, North Carolina

There are 464 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hope Mills.

Housing Choice Vouchers in Hope Mills, North Carolina

On average, Section 8 Housing Choice vouchers pay Hope Mills landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Hope Mills.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hope Mills, North Carolina for a two-bedroom apartment is between $933 and $1,141.

2023 Hope Mills, 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
Hope Mills, North Carolina Fair Market Rent $898 $898 $1,037 $1,425 $1,766
Hope Mills, North Carolina Payment Standard Range $808 to $988 $808 to $988 $933 to $1,141 $1,283 to $1,568 $1,589 to $1,943

Sourced from federal housing data and AffordableHousingOnline.com research.

Hope Mills, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 876
Total Housing Units with Rental Assistance 412
Percentage of Housing Units Occupied By Renters 41.79%
Average Renter Household Size 2.61
Average Household Size 2.88
Median Household Income $49,026 ±$4,594
Median Rent $832 ±$43
Percentage Of Renters Overburdened 46.81% ± 6.59pp
Total Population 16,123

Population and Household Demographics

Hope Mills is a city in Cumberland County, North Carolina with a population of 16,123. There are 5,551 households in the city with an average household size of 2.88 persons. 41.79% of households in Hope Mills are renters.

Income and Rent Overburden in Hope Mills

The median gross income for households in Hope Mills is $49,026 a year, or $4,086 a month. The median rent for the city is $832 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hope Mills, a household making less than $2,773 a month would be considered overburdened when renting an apartment at or above the median rent. 46.81% of households who rent are overburdened in Hope Mills.

Area Median Income In Hope Mills

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 Hope Mills, the AMI is calculated from all households within Cumberland County.

In Hope Mills, HUD calculates the Area Median Income for a family of four as $71,600

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 Hope Mills

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 Hope Mills

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Hope Mills AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,850 $19,720 $24,860 $30,000 $35,140 $40,280 $43,750 $46,550
50% AMI Income Limits
Renters earning up to 50% of the Hope Mills AMI may qualify for rental assistance programs that target Very Low Income households.
$24,700 $28,200 $31,750 $35,250 $38,100 $40,900 $43,750 $46,550
80% AMI Income Limits
Renters earning up to 80% of the Hope Mills AMI may qualify for rental assistance programs that target Low Income households.
$39,500 $45,150 $50,800 $56,400 $60,950 $65,450 $69,950 $74,450