Affordable Housing In North Wilkesboro
Wilkes County, North Carolina

9 Low Income Apartment Communities In North Wilkesboro

Woodlawn Apartments

111 Reynolds Rd
North Wilkesboro, NC
Income Based
1 BR
Subsidized

Wilkes Towers

830 Main St
North Wilkesboro, NC
Income Based
1 BR
62+
Subsidized

Finley Village Apartments

309 Finley Ave
North Wilkesboro, NC
62+
Accessible
Subsidized

Mountain View Apartments

113 Gentry Street
North Wilkesboro, NC
HCV Welcome

Arc Hds Wilkes County Group Home

1224 Swain St
North Wilkesboro, NC
62+
Accessible
Elderly Supportive Housing
Subsidized

Cac of Wilkes Co.

350 New River Center Rd
North Wilkesboro, NC
Accessible
Disabled Supportive Housing
Subsidized

Skyview Village and Valley Glade

1114 Odell St
North Wilkesboro, NC

Woods Edge Apartments

105 Peach St
North Wilkesboro, NC
HCV Welcome

Grandview Ridge

200 Keener Dr
North Wilkesboro, NC
HCV Welcome
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Housing Authorities that serve North Wilkesboro

Housing Authority Programs
North Wilkesboro Housing Authority Public Housing

Guide To Affordable Housing in North Wilkesboro, North Carolina

According to federal housing data and AffordableHousingOnline.com research, there are 9 low income housing apartment communities offering 450 affordable apartments for rent in North Wilkesboro, North Carolina. North Wilkesboro features 342 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 108 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in North Wilkesboro.

North Wilkesboro, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 450
Total Housing Units with Rental Assistance 342
Percentage of Housing Units Occupied By Renters 61.61%
Average Renter Household Size 2.45
Average Household Size 2.46
Median Household Income $19,798 ±$6,005
Median Rent $496 ±$89
Percentage Of Renters Overburdened 59.5% ± 10.36pp
Total Population 4,250

Population and Household Demographics

North Wilkesboro is a City in Wilkes County, North Carolina with a population of 4,250. There are 1,555 households in the city with an average household size of 2.46 persons. 61.61% of households in North Wilkesboro are renters.

Income and Rent Overburden in North Wilkesboro

The median gross income for households in North Wilkesboro is $19,798 a year, or $1,650 a month. The median rent for the city is $496 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In North Wilkesboro, a household making less than $1,653 a month would be considered overburdened when renting an apartment at or above the median rent. 59.5% of households who rent are overburdened in North Wilkesboro.1

Area Median Income In North Wilkesboro

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 North Wilkesboro, the AMI is calculated from all households within Wilkes County.

In North Wilkesboro, HUD calculates the Area Median Income for a family of four as $55,900

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 North Wilkesboro

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 North Wilkesboro HUD Rental Assistance in North Wilkesboro

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $32,450 $34,700 $36,900
50% of Median $19,600 $22,400 $25,200 $27,950 $30,200 $32,450 $34,700 $36,900
80% of Median $31,300 $35,800 $40,250 $44,700 $48,300 $51,900 $55,450 $59,050
Low Income Housing Tax Credits in North Wilkesboro

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1993 to 2005, 2 low income apartment communities containing 72 rental apartments have been constructed and made affordable to low income persons in North Wilkesboro by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in North Wilkesboro

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $19,600 $22,400 $25,200 $27,950 $30,200 $32,450 $34,700 $36,900
60% of Median $23,520 $26,880 $30,240 $33,540 $36,240 $38,940 $41,640 $44,280

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in North Wilkesboro is $30,240 a year, or $2,520 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,520 by 30% to get a maximum rent of $756 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $490 $525 $630 $727 $811 $895
60% $588 $630 $756 $872 $974 $1,074
Fair Market Rents in North Wilkesboro

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$506 $509 $671 $957 $1,093