Low Income Apartments and Affordable Housing For Rent in Micro, NC

Discover affordable housing in Micro where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Hillmont Village Apartments

306 W Main St, Micro, North Carolina 27555

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Micro, North Carolina
$31.17/hour
$23.92 (+330%) more than North Carolina minimum wage and $23.92 (+330%) more than the Federal minimum wage.
Learn More About Micro, North Carolina Affordable Housing ↓

What HUD offices serve Micro, 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Micro, North Carolina.

Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Micro.

How many renters live in Micro, North Carolina?

The City of Micro has 477 people living in 194 households.

There are 229 renters living in 95 renter households in this City. Renters make up 48.01 percent of the population living in Micro.

What is the rental market like in Micro, North Carolina?

There are an estimated 229 housing units in the Micro area. Of these, 103 units are rental homes, making up 45 percent of the housing market. For every renter household in Micro, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Micro?

The rental vacancy rate in Micro 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 Micro for each bedroom size?

Occupied Rental Units by Size in Micro
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 22 34 22 9
Occupied Rental Units by Size in Micro

A large number of apartments in Micro 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 Micro are overburdened by housing costs?

Among renter households in this market, 48 percent have housing cost burden. Further, 16 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 Micro

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,427 to $2,711. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,427
One BR $1,466
Two BR $1,646
Three BR $2,035
Four BR $2,711
2024 Fair Market Rents in Micro, North Carolina

How many units are rented at Fair Market Rent (FMR) in Micro?

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
One BR 21 95 percent
Two BR 34 100 percent
Rental Units Below FMR in Micro, North Carolina

How many affordable rental units are in Micro?

There are a variety of federal affordable housing programs serving households in Micro, North Carolina including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 24
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Micro, North Carolina

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Micro, North Carolina

Micro features 24 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 Micro, North Carolina

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Micro.

Housing Choice Vouchers in Micro, North Carolina

On average, Section 8 Housing Choice vouchers pay Micro landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Micro.

The maximum amount a voucher would pay on behalf of a low-income tenant in Micro, North Carolina for a two-bedroom apartment is between $1,481 and $1,811.

Sourced from federal housing data and AffordableHousingOnline.com research.