What HUD offices serve Kings Mountain, North Carolina?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Kings Mountain.
How many renters live in Kings Mountain, North Carolina?
The City of Kings Mountain has 11,246 people living in 4,184 households.
There are 4,016 renters living in 1,571 renter households in this City. Renters make up 35.71 percent of the population living in Kings Mountain.
What is the rental market like in Kings Mountain, North Carolina?
There are an estimated 4,598 housing units in the Kings Mountain area. Of these, 1,571 units are rental homes, making up 34 percent of the housing market. For every renter household in Kings Mountain, North Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Kings Mountain?
The rental vacancy rate in Kings Mountain is 0 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 Kings Mountain for each bedroom size?
Occupied Rental Units by Size in Kings Mountain
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 108 | 335 | 509 | 519 | 100 |
Occupied Rental Units by Size in Kings Mountain
A large number of apartments in Kings Mountain have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Kings Mountain are overburdened by housing costs?
Among renter households in this market, 60 percent have housing cost burden. Further, 25 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Kings Mountain
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $652 to $1,349. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $652 |
| One BR | $656 |
| Two BR | $856 |
| Three BR | $1,206 |
| Four BR | $1,349 |
2024 Fair Market Rents in Kings Mountain, North Carolina
How many units are rented at Fair Market Rent (FMR) in Kings Mountain?
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 | 12 | 11 percent |
| One BR | 255 | 76 percent |
| Two BR | 282 | 55 percent |
Rental Units Below FMR in Kings Mountain, North Carolina
How many affordable rental units are in Kings Mountain?
There are a variety of federal affordable housing programs serving households in Kings Mountain, North Carolina including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 360 |
| Public Housing | 249 |
| Section 8 Project-Based Rental Assistance | 50 |
| Section 202 Supportive Housing for the Elderly | 42 |
| USDA Section 515 Rural Rental Housing | 114 |
Tracked Units by Federal Program in Kings Mountain, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Kings Mountain, North Carolina
Kings Mountain features 357 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 Kings Mountain, North Carolina
There are 290 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kings Mountain.
Housing Choice Vouchers in Kings Mountain, North Carolina
On average, Section 8 Housing Choice vouchers pay Kings Mountain landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Kings Mountain.
The maximum amount a voucher would pay on behalf of a low-income tenant in Kings Mountain, North Carolina for a two-bedroom apartment is between $770 and $942.
Sourced from federal housing data and AffordableHousingOnline.com research.
