Affordable Housing In Moore County
30 Low Income Apartment Communities In Moore County
Guide To Affordable Housing in Moore County, North Carolina
There are 30 low income housing apartment communities offering 1,073 affordable apartments for rent in Moore County, North Carolina.
Income Based Apartments in Moore County, North Carolina
Moore County features 669 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 Moore County, North Carolina
There are 404 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Moore County.
Housing Choice Vouchers in Moore County, North Carolina
On average, Section 8 Housing Choice vouchers pay Moore County landlords $400 per month towards rent. The average voucher holder contributes $400 towards rent in Moore County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Moore County, North Carolina for a two-bedroom apartment is between $727 and $889.
2020 Moore 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||$666||$710||$808||$1,049||$1,419|
|Payment Standard Range||$599 to $733||$639 to $781||$727 to $889||$944 to $1,154||$1,277 to $1,561|
Sourced from federal housing data and AffordableHousingOnline.com research.
Moore County, NC Affordable Housing Snapshot
|Total Affordable Apartment Properties||30|
|Total Low Income Apartments||1,073|
|Total Housing Units with Rental Assistance||669|
|Percentage of Housing Units Occupied By Renters||25.39%|
|Average Renter Household Size||2.44|
|Average Household Size||2.44|
|Median Household Income||$50,998 ±$1,230|
|Median Rent||$771 ±$18|
|Percentage Of Renters Overburdened||40.69% ± 4.26pp|
Population and Household Demographics
Moore County is a county in North Carolina with a population of 91,743. There are 37,143 households in the county with an average household size of 2.44 persons. 25.39% of households in Moore County are renters.
Income and Rent Overburden in Moore County
The median gross income for households in Moore County is $50,998 a year, or $4,250 a month. The median rent for the county is $771 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Moore County, a household making less than $2,570 a month would be considered overburdened when renting an apartment at or above the median rent. 40.69% of households who rent are overburdened in Moore County.
Area Median Income In Moore 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 Moore County, HUD calculates the Area Median Income for a family of four as $88,200
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 Moore 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 Moore County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$16,550||$18,900||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$27,550||$31,450||$35,400||$39,300||$42,450||$45,600||$48,750||$51,900|
|80% of Median||$44,050||$50,350||$56,650||$62,900||$67,950||$73,000||$78,000||$83,050|
Cities In Moore County
Select A City to View its Apartment Communities and Waiting Lists.
|Southern Pines||The HUD funded Public Housing Agency that serves Southern Pines is the Southern Pines Housing Authority.|