How many renters live in North Topsail Beach, North Carolina?
The City of North Topsail Beach has people living in households.
There are renters living in renter households in this City. Renters make up 17.94 percent of the population living in North Topsail Beach.
What is the rental market like in North Topsail Beach, North Carolina?
There are an estimated housing units in the North Topsail Beach area. Of these, units are rental homes, making up percent of the housing market. For every renter household in North Topsail Beach, North Carolina, there are 3.95 rental units.
What is the vacancy rate for rentals in North Topsail Beach?
The rental vacancy rate in North Topsail Beach is 67 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 North Topsail Beach for each bedroom size?
Occupied Rental Units by Size in North Topsail Beach
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 18 | 13 | 11 | 23 |
Occupied Rental Units by Size in North Topsail Beach
A large number of apartments in North Topsail Beach 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 North Topsail Beach
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $904 to $2,162. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $904 |
| One BR | $1,030 |
| Two BR | $1,274 |
| Three BR | $1,795 |
| Four BR | $2,162 |
2024 Fair Market Rents in North Topsail Beach, North Carolina
How many units are rented at Fair Market Rent (FMR) in North Topsail Beach?
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 | 4 | 22 percent |
| Two BR | 8 | 62 percent |
Rental Units Below FMR in North Topsail Beach, North Carolina
How many affordable rental units are in North Topsail Beach?
There are a variety of federal affordable housing programs serving households in North Topsail Beach, North Carolina including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance |
Tracked Units by Federal Program in North Topsail Beach, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in North Topsail Beach, North Carolina
North Topsail Beach 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 North Topsail Beach, North Carolina
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in North Topsail Beach.
Housing Choice Vouchers in North Topsail Beach, North Carolina
On average, Section 8 Housing Choice vouchers pay North Topsail Beach landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in North Topsail Beach.
The maximum amount a voucher would pay on behalf of a low-income tenant in North Topsail Beach, North Carolina for a two-bedroom apartment is between $1,147 and $1,401.
Sourced from federal housing data and AffordableHousingOnline.com research.