Low Income Apartments and Affordable Housing For Rent in Currituck County, NC

Discover affordable housing in Currituck County where there are 0+ 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.

calendar_today Opens: Apr 17

Reported On March 26th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Currituck County, North Carolina
$28.28/hour
$21.03 (+290%) more than North Carolina minimum wage and $21.03 (+290%) more than the Federal minimum wage.
Learn More About Currituck County, North Carolina Affordable Housing ↓

What HUD offices serve Currituck County, 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), Family Self-Sufficiency programs for Currituck County, North Carolina.

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

How many renters live in Currituck County, North Carolina?

The County of Currituck County has 28,616 people living in 11,108 households.

There are 3,227 renters living in 1,388 renter households in this County. Renters make up 11.28 percent of the population living in Currituck County.

What is the rental market like in Currituck County, North Carolina?

There are an estimated 16,219 housing units in the Currituck County area. Of these, 2,556 units are rental homes, making up 16 percent of the housing market. For every renter household in Currituck County, North Carolina, there are 2 rental units.

What is the vacancy rate for rentals in Currituck County?

The rental vacancy rate in Currituck County is 45 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Currituck County for each bedroom size?

Occupied Rental Units by Size in Currituck County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
23 80 439 661 170
Occupied Rental Units by Size in Currituck County

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

Among renter households in this market, 44 percent have housing cost burden. Further, 22 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 Currituck County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,279 to $2,532. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,279
One BR $1,287
Two BR $1,493
Three BR $2,079
Four BR $2,532
2024 Fair Market Rents in Currituck County, North Carolina

How many units are rented at Fair Market Rent (FMR) in Currituck 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 0 100 percent
One BR 80 100 percent
Two BR 242 55 percent
Rental Units Below FMR in Currituck County, North Carolina

How many affordable rental units are in Currituck County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 44
Section 811 Supportive Housing for Persons with Disabilities 5
Tracked Units by Federal Program in Currituck County, North Carolina

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

Income Based Apartments in Currituck County, North Carolina

Currituck County features 0 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 Currituck County, North Carolina

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

Housing Choice Vouchers in Currituck County, North Carolina

On average, Section 8 Housing Choice vouchers pay Currituck County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Currituck County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Currituck County, North Carolina for a two-bedroom apartment is between $1,344 and $1,642.

Sourced from federal housing data and AffordableHousingOnline.com research.