How many renters live in Davidson County, North Carolina?
The County of Davidson County has 172,586 people living in 68,813 households.
There are 42,298 renters living in 18,295 renter households in this County. Renters make up 24.51 percent of the population living in Davidson County.
What is the rental market like in Davidson County, North Carolina?
There are an estimated 74,958 housing units in the Davidson County area. Of these, 19,637 units are rental homes, making up 26 percent of the housing market. For every renter household in Davidson County, North Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Davidson County?
The rental vacancy rate in Davidson County is 5 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 Davidson County for each bedroom size?
Occupied Rental Units by Size in Davidson County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 278 | 1,871 | 8,040 | 7,377 | 979 |
Occupied Rental Units by Size in Davidson County
A large number of apartments in Davidson County 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 Davidson County are overburdened by housing costs?
Among renter households in this market, 38 percent have housing cost burden. Further, 21 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 Davidson County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $768 to $1,557. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $768 |
| One BR | $773 |
| Two BR | $954 |
| Three BR | $1,264 |
| Four BR | $1,557 |
2024 Fair Market Rents in Davidson County, North Carolina
How many units are rented at Fair Market Rent (FMR) in Davidson County?
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 |
| Studio | 159 | 57 percent |
| One BR | 1,166 | 62 percent |
| Two BR | 5,993 | 75 percent |
Rental Units Below FMR in Davidson County, North Carolina
How many affordable rental units are in Davidson County?
There are a variety of federal affordable housing programs serving households in Davidson County, North Carolina including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 981 |
| Public Housing | 259 |
| Section 8 Project-Based Rental Assistance | 335 |
| Section 202 Supportive Housing for the Elderly | 45 |
| Section 811 Supportive Housing for Persons with Disabilities | 28 |
Tracked Units by Federal Program in Davidson County, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Davidson County, North Carolina
Davidson County features 2,954 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 Davidson County, North Carolina
There are 785 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Davidson County.
Housing Choice Vouchers in Davidson County, North Carolina
On average, Section 8 Housing Choice vouchers pay Davidson County landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Davidson County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Davidson County, North Carolina for a two-bedroom apartment is between $859 and $1,049.
Sourced from federal housing data and AffordableHousingOnline.com research.
