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

Apply to Lincolnton Apartment Waiting Lists

Oakland Mill Apartments

440 Salem Church Rd
Lincolnton, North Carolina
Rent Assisted
LIHTC
$553-618
1-2 BR

Woodmont Apartments

4-A Woodmont Circle
Lincolnton, North Carolina
$492-542
1-2 BR

Lutherhaus of Lincolnton

709 Tait St
Lincolnton, North Carolina
Subsidized
Senior
S. 202

Riverside Apartments

113 Hillside Dr
Lincolnton, North Carolina
Rent Assisted
Senior
Supportive
LIHTC
S. 515 Rural

Hillside Apartments

134 Hillside Dr
Lincolnton, North Carolina
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S. 515 Rural
RDRA

Woodhill Apartments

1005 Georgetown Rd
Lincolnton, North Carolina
Rent Assisted
Senior
Supportive
S. 515 Rural

Bailey Springs Apartments

939 Bailey Springs Drive
Lincolnton, North Carolina
Rent Assisted
LIHTC

Ric Lincolnton Apartments

320 S High St
Lincolnton, North Carolina
Subsidized
Supportive
S. 811 Supportive

Caroline Courtyard Apartments

391-399 N Generals Blvd
Lincolnton, North Carolina
Rent Assisted
LIHTC
USDA S. 538

Umar - Wnc Group Home 10

2466 Carriage Ln
Lincolnton, North Carolina
Subsidized
Supportive
S. 811 Supportive

Wnc Community Homes 1

200 Wellington Dr
Lincolnton, North Carolina
Subsidized
Senior
S. 202

1032 Catawba St

1032 Catawba St
Lincolnton, North Carolina
Subsidized
Public Housing

Bailey Springs Apartments Fka Brookwood Apartments

887 Wilma Sigmon Rd
Lincolnton, North Carolina
Rent Assisted
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There are 268 low-income apartments in Lincolnton that offer reduced rents to eligible households. Low-income rents in Lincolnton, North Carolina can range from $492 to $618 depending on the number of bedrooms.

Rental assistance programs support 325 low-income homes in Lincolnton where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $285 towards rent each month.

Affordable rent data for some communities last confirmed on July 25th, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Lincolnton, 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.

Housing Authority Programs
Lincolnton Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Lincolnton.

Lincolnton, North Carolina Affordable Housing Data

Income Based Apartments in Lincolnton, North Carolina

Lincolnton features 325 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 Lincolnton, North Carolina

There are 268 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lincolnton.

Housing Choice Vouchers in Lincolnton, North Carolina

On average, Section 8 Housing Choice vouchers pay Lincolnton landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Lincolnton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lincolnton, North Carolina for a two-bedroom apartment is between $832 and $1,016.

2023 Lincolnton, 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
Lincolnton, North Carolina Fair Market Rent $794 $798 $924 $1,200 $1,241
Lincolnton, North Carolina Payment Standard Range $715 to $873 $718 to $878 $832 to $1,016 $1,080 to $1,320 $1,117 to $1,365

Sourced from federal housing data and AffordableHousingOnline.com research.

Lincolnton, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 593
Total Housing Units with Rental Assistance 325
Percentage of Housing Units Occupied By Renters 48.18%
Average Renter Household Size 2.63
Average Household Size 2.61
Median Household Income $32,217 ±$5,009
Median Rent $641 ±$78
Percentage Of Renters Overburdened 51.16% ± 10.57pp
Total Population 10,696

Population and Household Demographics

Lincolnton is a city in Lincoln County, North Carolina with a population of 10,696. There are 3,931 households in the city with an average household size of 2.61 persons. 48.18% of households in Lincolnton are renters.

Income and Rent Overburden in Lincolnton

The median gross income for households in Lincolnton is $32,217 a year, or $2,685 a month. The median rent for the city is $641 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lincolnton, a household making less than $2,137 a month would be considered overburdened when renting an apartment at or above the median rent. 51.16% of households who rent are overburdened in Lincolnton.

Area Median Income In Lincolnton

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 Lincolnton, the AMI is calculated from all households within Lincoln County.

In Lincolnton, HUD calculates the Area Median Income for a family of four as $93,600

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 Lincolnton

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 Lincolnton

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 Lincolnton AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,100 $19,720 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Lincolnton AMI may qualify for rental assistance programs that target Very Low Income households.
$28,500 $32,550 $36,600 $40,650 $43,950 $47,200 $50,450 $53,700
80% AMI Income Limits
Renters earning up to 80% of the Lincolnton AMI may qualify for rental assistance programs that target Low Income households.
$45,550 $52,050 $58,550 $65,050 $70,300 $75,500 $80,700 $85,900