. Low Income Apartments For Rent in Murphy, North Carolina - Affordable Housing Online

Valley River Apartments

2334 U.S. Hwy 19
Murphy, North Carolina
Rent Assisted
1-3 BR

Hopewell Village Apartments

67 Natural Springs Drive
Murphy, North Carolina
Rent Assisted
S. 515 Rural

Hopewell Village Lp

Natural Springs Rd
Murphy, North Carolina
Rent Assisted

Gwenmont Arms Apartments

294 Gwenmont Cir
Murphy, North Carolina
Rent Assisted
S. 515 Rural

Arc Hds Cherokee Co Gh 2

33 Gentle Dove Ln
Murphy, North Carolina
S. 811 Supportive

Cool Springs

110 Beal Cir
Murphy, North Carolina
Public Housing
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There are 80 low-income apartments in Murphy that offer reduced rents to eligible households.

Rental assistance programs support 143 low-income homes in Murphy where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $302 towards rent each month.

Affordable rent data for some communities last confirmed on April 20th, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Murphy, 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.

Housing Authority Programs
Housing Programs of the Town of Murphy Public Housing
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Murphy.

Murphy, North Carolina Affordable Housing Data

Income Based Apartments in Murphy, North Carolina

Murphy features 143 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 Murphy, North Carolina

There are 80 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Murphy.

Housing Choice Vouchers in Murphy, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Murphy, North Carolina for a two-bedroom apartment is between $731 and $893.

2023 Murphy, 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
Murphy, North Carolina Fair Market Rent $613 $617 $812 $1,093 $1,229
Murphy, North Carolina Payment Standard Range $552 to $674 $555 to $679 $731 to $893 $984 to $1,202 $1,106 to $1,352

Sourced from federal housing data and AffordableHousingOnline.com research.

Murphy, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 223
Total Housing Units with Rental Assistance 143
Percentage of Housing Units Occupied By Renters 45.66%
Average Renter Household Size 2.89
Average Household Size 2.59
Median Household Income $25,781 ±$2,827
Median Rent $525 ±$86
Percentage Of Renters Overburdened 46.4% ± 11.58pp
Total Population 2,095

Population and Household Demographics

Murphy is a city in Cherokee County, North Carolina with a population of 2,095. There are 760 households in the city with an average household size of 2.59 persons. 45.66% of households in Murphy are renters.

Income and Rent Overburden in Murphy

The median gross income for households in Murphy is $25,781 a year, or $2,148 a month. The median rent for the city is $525 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Murphy, a household making less than $1,750 a month would be considered overburdened when renting an apartment at or above the median rent. 46.4% of households who rent are overburdened in Murphy.

Area Median Income In Murphy

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Murphy, the AMI is calculated from all households within Cherokee County.

In Murphy, HUD calculates the Area Median Income for a family of four as $62,700

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 Murphy

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 Murphy

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Murphy AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $35,140 $40,150 $42,950 $45,700
50% AMI Income Limits
Renters earning up to 50% of the Murphy AMI may qualify for rental assistance programs that target Very Low Income households.
$24,250 $27,700 $31,150 $34,600 $37,400 $40,150 $42,950 $45,700
80% AMI Income Limits
Renters earning up to 80% of the Murphy AMI may qualify for rental assistance programs that target Low Income households.
$38,750 $44,300 $49,850 $55,350 $59,800 $64,250 $68,650 $73,100