What HUD offices serve Mount Holly, 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.
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Mount Holly.
How many renters live in Mount Holly, North Carolina?
The City of Mount Holly has people living in households.
There are renters living in renter households in this City. Renters make up 25.27 percent of the population living in Mount Holly.
What is the rental market like in Mount Holly, North Carolina?
There are an estimated housing units in the Mount Holly area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Mount Holly, North Carolina, there are 1.04 rental units.
What is the vacancy rate for rentals in Mount Holly?
The rental vacancy rate in Mount Holly is 4 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 Mount Holly for each bedroom size?
Occupied Rental Units by Size in Mount Holly
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 7 | 441 | 1,061 | 495 | 161 |
Occupied Rental Units by Size in Mount Holly
A large number of apartments in Mount Holly have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Mount Holly
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,347 to $2,481. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,347 |
| One BR | $1,384 |
| Two BR | $1,554 |
| Three BR | $1,936 |
| Four BR | $2,481 |
2024 Fair Market Rents in Mount Holly, North Carolina
How many units are rented at Fair Market Rent (FMR) in Mount Holly?
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 | 7 | 100 percent |
| One BR | 312 | 71 percent |
| Two BR | 1,001 | 94 percent |
Rental Units Below FMR in Mount Holly, North Carolina
How many affordable rental units are in Mount Holly?
There are a variety of federal affordable housing programs serving households in Mount Holly, North Carolina including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Mount Holly, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Mount Holly, North Carolina
Mount Holly features 122 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 Mount Holly, North Carolina
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mount Holly.
Housing Choice Vouchers in Mount Holly, North Carolina
On average, Section 8 Housing Choice vouchers pay Mount Holly landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Mount Holly.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mount Holly, North Carolina for a two-bedroom apartment is between $1,399 and $1,709.
Sourced from federal housing data and AffordableHousingOnline.com research.