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

Harrison Terrace

90 Harrison Terrace Drive
Marion, North Carolina
Rent Assisted
LIHTC
1 BR

Capitol Hill Apartments

351 State St
Marion, North Carolina
Subsidized
Rent Assisted
Senior
Supportive
S. 515 Rural
RDRA
Call For Rent
1-4 BR

Winningham Village Apartments

220 California Ave
Marion, North Carolina
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S. 515 Rural
RDRA

Spaulding Woods Apartments II

838 Spaulding Rd
Marion, North Carolina
Rent Assisted
LIHTC

Spaulding Woods Apartments

848D Spaulding Rd
Marion, North Carolina
Rent Assisted
LIHTC

Blue Ridge Terrace

100 Carson St
Marion, North Carolina
Subsidized
Senior
S. 202

California Arms Apartments

221 California Ave
Marion, North Carolina
Subsidized
PBRA

Phillips Ridge

200 McDowell High Dr.
Marion, North Carolina
Rent Assisted
LIHTC
Call For Rent
1-3 BR

Arc Hds Mcdowell Co Apartments

40 4th C St
Marion, North Carolina
Subsidized
Senior
S. 202

Arc Hds Mcdowell Co Group Home 2

505 E Payne Rd
Marion, North Carolina
Subsidized
Senior
S. 202

Heritage Hill

111 Crawford Street
Marion, North Carolina
Subsidized
Rent Assisted
Senior
Supportive
S. 515 Rural
RDRA

Marlon Apartments, Lp

Rodgers Rd
Marion, North Carolina
Rent Assisted
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There are 254 low-income apartments in Marion that offer reduced rents to eligible households.

Rental assistance programs support 229 low-income homes in Marion where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $227 towards rent each month.

Affordable rent data for some communities last confirmed on July 19th, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Marion, 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
Isothermal Planning and Development Commission Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Veteran Affairs Supportive Housing (VASH)
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Marion.

Marion, North Carolina Affordable Housing Data

Income Based Apartments in Marion, North Carolina

Marion features 229 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 Marion, North Carolina

There are 254 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marion.

Housing Choice Vouchers in Marion, North Carolina

On average, Section 8 Housing Choice vouchers pay Marion landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Marion.

The maximum amount a voucher would pay on behalf of a low-income tenant in Marion, North Carolina for a two-bedroom apartment is between $694 and $848.

2023 Marion, 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
Marion, North Carolina Fair Market Rent $541 $673 $771 $938 $1,174
Marion, North Carolina Payment Standard Range $487 to $595 $606 to $740 $694 to $848 $844 to $1,032 $1,057 to $1,291

Sourced from federal housing data and AffordableHousingOnline.com research.

Marion, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 483
Total Housing Units with Rental Assistance 229
Percentage of Housing Units Occupied By Renters 49.69%
Average Renter Household Size 2.51
Average Household Size 2.56
Median Household Income $28,992 ±$4,439
Median Rent $567 ±$40
Percentage Of Renters Overburdened 43.57% ± 9.85pp
Total Population 7,914

Population and Household Demographics

Marion is a city in McDowell County, North Carolina with a population of 7,914. There are 2,739 households in the city with an average household size of 2.56 persons. 49.69% of households in Marion are renters.

Income and Rent Overburden in Marion

The median gross income for households in Marion is $28,992 a year, or $2,416 a month. The median rent for the city is $567 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marion, a household making less than $1,890 a month would be considered overburdened when renting an apartment at or above the median rent. 43.57% of households who rent are overburdened in Marion.

Area Median Income In Marion

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 Marion, the AMI is calculated from all households within McDowell County.

In Marion, HUD calculates the Area Median Income for a family of four as $67,600

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 Marion

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 Marion

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 Marion AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $35,140 $40,150 $42,950 $45,700
50% AMI Income Limits
Renters earning up to 50% of the Marion AMI may qualify for rental assistance programs that target Very Low Income households.
$24,250 $27,700 $31,150 $34,600 $37,400 $40,150 $42,950 $45,700
80% AMI Income Limits
Renters earning up to 80% of the Marion AMI may qualify for rental assistance programs that target Low Income households.
$38,750 $44,300 $49,850 $55,350 $59,800 $64,250 $68,650 $73,100