Low Income Apartments and Affordable Housing For Rent in Mount Olive, NC

Discover affordable housing in Mount Olive where there are 8+ 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.

Brookwood Apartments

101 Young Dr, Mount Olive, North Carolina 28365

bed 1-4
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Mt Olive Village

100 Davis St, Mount Olive, North Carolina 28365

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Northpoint Apartments

100 Northpointe Dr, Mount Olive, North Carolina 28365

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Woodridge Village Apartments

216 Woodridge Dr, Mount Olive, North Carolina

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Mount Olive Housing for the Elderly

100 Johnson Pl, Mount Olive, North Carolina 28365

payment Subsidized

Arc Hds Wayne County Group Home

600 W John St, Mount Olive, North Carolina 28365

switch_access_shortcut Short Wait

100 McDonald Dr

100 McDonald Dr, Mount Olive, North Carolina 28365

payment Subsidized

Mount Olive School Apartments

207 Wooten St, Mount Olive, North Carolina 28365

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

How To Identify Affordable Housing in Mount Olive, North Carolina

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Mount Olive, North Carolina
$20.68/hour
$13.43 (+185%) more than North Carolina minimum wage and $13.43 (+185%) more than the Federal minimum wage.
Learn More About Mount Olive, North Carolina Affordable Housing ↓

What HUD offices serve Mount Olive, 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 Public Housing programs for Mount Olive, North Carolina.

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

How many renters live in Mount Olive, North Carolina?

The City of Mount Olive has people living in households.

There are renters living in renter households in this City. Renters make up 45.87 percent of the population living in Mount Olive.

What is the rental market like in Mount Olive, North Carolina?

There are an estimated housing units in the Mount Olive area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Mount Olive, North Carolina, there are 1.01 rental units.

What is the vacancy rate for rentals in Mount Olive?

The rental vacancy rate in Mount Olive is 1 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 Olive for each bedroom size?

Occupied Rental Units by Size in Mount Olive
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 83 344 287 66
Occupied Rental Units by Size in Mount Olive

A large number of apartments in Mount Olive 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 Olive

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $683 to $1,203. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $683
One BR $687
Two BR $903
Three BR $1,092
Four BR $1,203
2024 Fair Market Rents in Mount Olive, North Carolina

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

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 78 94 percent
Two BR 325 94 percent
Rental Units Below FMR in Mount Olive, North Carolina

How many affordable rental units are in Mount Olive?

There are a variety of federal affordable housing programs serving households in Mount Olive, 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 Olive, North Carolina

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

Income Based Apartments in Mount Olive, North Carolina

Mount Olive features 279 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 Olive, North Carolina

There are 19 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mount Olive.

Housing Choice Vouchers in Mount Olive, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Mount Olive, North Carolina for a two-bedroom apartment is between $983 and $1,201.

Sourced from federal housing data and AffordableHousingOnline.com research.