What HUD offices serve Lake Waccamaw, 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 Lake Waccamaw.
How many renters live in Lake Waccamaw, North Carolina?
The City of Lake Waccamaw has people living in households.
There are renters living in renter households in this City. Renters make up 17.65 percent of the population living in Lake Waccamaw.
What is the rental market like in Lake Waccamaw, North Carolina?
There are an estimated housing units in the Lake Waccamaw area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lake Waccamaw, North Carolina, there are 1.17 rental units.
What is the vacancy rate for rentals in Lake Waccamaw?
The rental vacancy rate in Lake Waccamaw is 15 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Lake Waccamaw for each bedroom size?
Occupied Rental Units by Size in Lake Waccamaw
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 59 | 26 | 9 |
Occupied Rental Units by Size in Lake Waccamaw
A large number of apartments in Lake Waccamaw 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 Lake Waccamaw
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $647 to $1,140. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $647 |
| One BR | $651 |
| Two BR | $856 |
| Three BR | $1,035 |
| Four BR | $1,140 |
2024 Fair Market Rents in Lake Waccamaw, North Carolina
How many units are rented at Fair Market Rent (FMR) in Lake Waccamaw?
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 |
| Two BR | 27 | 46 percent |
Rental Units Below FMR in Lake Waccamaw, North Carolina
How many affordable rental units are in Lake Waccamaw?
There are a variety of federal affordable housing programs serving households in Lake Waccamaw, North Carolina including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Lake Waccamaw, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Lake Waccamaw, North Carolina
Lake Waccamaw features 30 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 Lake Waccamaw, North Carolina
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake Waccamaw.
Housing Choice Vouchers in Lake Waccamaw, North Carolina
On average, Section 8 Housing Choice vouchers pay Lake Waccamaw landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lake Waccamaw.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lake Waccamaw, North Carolina for a two-bedroom apartment is between $770 and $942.
Sourced from federal housing data and AffordableHousingOnline.com research.