Low Income Apartments and Affordable Housing For Rent in Hope Mills, NC

Discover affordable housing in Hope Mills where there are 31+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Golfview Apartments

4146 Fescue Ct, Hope Mills, North Carolina 28348

bed 2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Crosswinds Green Apartments II

3415 Town Street, Hope Mills, North Carolina 28348

bed 2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Southview Green Apartments

3155 Round Grove Place, Hope Mills, North Carolina 28348

switch_access_shortcut Short Wait
accessibility Accessible

Woodland Ridge

4029 Professional Dr, Hope Mills, North Carolina 28348

bed 2
payment $1075/mo.

South Main Apartments

4003 William Bill Luther Dr, Hope Mills, North Carolina 28348

bed 2
payment $1230/mo.

559 Mildenhill Rd

559 Mildenhill Rd, Hope Mills, North Carolina 28348

bed 3
payment $1700/mo.

3392 Litland Dr

3392 Litland Dr, Hope Mills, North Carolina 28348

bed 3
payment $1700/mo.

4623 Revelstroke Rd

4623 Revelstroke Rd, Hope Mills, North Carolina 28348

bed 4
payment $2100/mo.

5508 Brown St

5508 Brown St, Hope Mills, North Carolina 28348

bed 2
payment $975/mo.

3939 Ellison St

3939 Ellison St, Hope Mills, North Carolina 28348

bed 2
payment $700/mo.

509 Meadowland Ct

509 Meadowland Ct, Hope Mills, North Carolina 28348

bed 3
payment $1250/mo.

2859 Chicken Foot Rd

2859 Chicken Foot Rd, Hope Mills, North Carolina 28348

bed 4
payment $2000/mo.

3914 Goforth Dr

3914 Goforth Dr, Hope Mills, North Carolina 28348

bed 3
payment $1475/mo.

4602 Rita Ct

4602 Rita Ct, Hope Mills, North Carolina 28348

bed 3
payment $1350/mo.

312 Derby Ln

312 Derby Ln, Hope Mills, North Carolina 28348

bed 4
payment $2150/mo.

514 Old Warden Way

514 Old Warden Way, Hope Mills, North Carolina 28348

bed 3
payment $1500/mo.

509 Meadowland Ct

509 Meadowland Ct, Hope Mills, North Carolina 28348

bed 3
payment $1250/mo.

4720 Gander Way

4720 Gander Way, Hope Mills, North Carolina 28348

bed 4
payment $2100/mo.

3844 Goforth Dr

3844 Goforth Dr, Hope Mills, North Carolina 28348

bed 3
payment $1500/mo.

5355 Archer Rd

5355 Archer Rd, Hope Mills, North Carolina 28348

bed 3
payment $1500/mo.

How To Identify Affordable Housing in Hope Mills, North Carolina

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hope Mills, North Carolina
$24.47/hour
$17.22 (+238%) more than North Carolina minimum wage and $17.22 (+238%) more than the Federal minimum wage.
Learn More About Hope Mills, North Carolina Affordable Housing ↓

How many renters live in Hope Mills, North Carolina?

The City of Hope Mills has people living in households.

There are renters living in renter households in this City. Renters make up 32.23 percent of the population living in Hope Mills.

What is the rental market like in Hope Mills, North Carolina?

There are an estimated housing units in the Hope Mills area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Hope Mills, North Carolina, there are 1.06 rental units.

What is the vacancy rate for rentals in Hope Mills?

The rental vacancy rate in Hope Mills is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Hope Mills for each bedroom size?

Occupied Rental Units by Size in Hope Mills
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
16 180 1,162 842 91
Occupied Rental Units by Size in Hope Mills

A large number of apartments in Hope Mills have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Hope Mills

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,120 to $2,193. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,120
One BR $1,120
Two BR $1,292
Three BR $1,759
Four BR $2,193
2024 Fair Market Rents in Hope Mills, North Carolina

How many units are rented at Fair Market Rent (FMR) in Hope Mills?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 4 25 percent
One BR 180 100 percent
Two BR 950 82 percent
Rental Units Below FMR in Hope Mills, North Carolina

How many affordable rental units are in Hope Mills?

There are a variety of federal affordable housing programs serving households in Hope Mills, North Carolina including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Hope Mills, North Carolina

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Hope Mills, North Carolina

Hope Mills features 238 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 $1,163 and $1,421.

Sourced from federal housing data and AffordableHousingOnline.com research.

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