Affordable Housing In Mecklenburg County
188 Low Income Apartment Communities In Mecklenburg County
Guide To Affordable Housing in Mecklenburg County, North Carolina
There are 188 low income housing apartment communities offering 14,283 affordable apartments for rent in Mecklenburg County, North Carolina.
Income Based Apartments in Mecklenburg County, North Carolina
Mecklenburg County features 7,371 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 Mecklenburg County, North Carolina
There are 6,912 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mecklenburg County.
Housing Choice Vouchers in Mecklenburg County, North Carolina
On average, Section 8 Housing Choice vouchers pay Mecklenburg County landlords $900 per month towards rent. The average voucher holder contributes $300 towards rent in Mecklenburg County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mecklenburg County, North Carolina for a two-bedroom apartment is between $957 and $1,169.
2020 Mecklenburg County, 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|
|Fair Market Rent||$907||$934||$1,063||$1,423||$1,828|
|Payment Standard Range||$816 to $998||$841 to $1,027||$957 to $1,169||$1,281 to $1,565||$1,645 to $2,011|
Sourced from federal housing data and AffordableHousingOnline.com research.
Mecklenburg County, NC Affordable Housing Snapshot
|Total Affordable Apartment Properties||188|
|Total Low Income Apartments||14,283|
|Total Housing Units with Rental Assistance||7,371|
|Percentage of Housing Units Occupied By Renters||42.52%|
|Average Renter Household Size||2.44|
|Average Household Size||2.57|
|Median Household Income||$56,854 ±$639|
|Median Rent||$938 ±$7|
|Percentage Of Renters Overburdened||46.03% ± 1.09pp|
Population and Household Demographics
Mecklenburg County is a county in North Carolina with a population of 990,288. There are 379,786 households in the county with an average household size of 2.57 persons. 42.52% of households in Mecklenburg County are renters.
Income and Rent Overburden in Mecklenburg County
The median gross income for households in Mecklenburg County is $56,854 a year, or $4,738 a month. The median rent for the county is $938 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mecklenburg County, a household making less than $3,127 a month would be considered overburdened when renting an apartment at or above the median rent. 46.03% of households who rent are overburdened in Mecklenburg County.
Area Median Income In Mecklenburg County
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.
In Mecklenburg County, HUD calculates the Area Median Income for a family of four as $83,500
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 Mecklenburg County
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 Mecklenburg County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$17,550||$20,050||$22,550||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$29,250||$33,400||$37,600||$41,750||$45,100||$48,450||$51,800||$55,150|
|80% of Median||$46,800||$53,450||$60,150||$66,800||$72,150||$77,500||$82,850||$88,200|