Low Income Apartments and Affordable Housing For Rent in Old Fort, NC

Discover affordable housing in Old Fort where there are 1+ 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.

Woodwinds Apts

101 Spring Street, Old Fort, North Carolina

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Old Fort, North Carolina
$16.21/hour
$8.96 (+124%) more than North Carolina minimum wage and $8.96 (+124%) more than the Federal minimum wage.
Learn More About Old Fort, North Carolina Affordable Housing ↓

What HUD offices serve Old Fort, 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), Homeownership Voucher, Veteran Affairs Supportive Housing (VASH) programs for Old Fort, North Carolina.

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

How many renters live in Old Fort, North Carolina?

The City of Old Fort has 658 people living in 331 households.

There are 251 renters living in 141 renter households in this City. Renters make up 38.15 percent of the population living in Old Fort.

What is the rental market like in Old Fort, North Carolina?

There are an estimated 434 housing units in the Old Fort area. Of these, 162 units are rental homes, making up 37 percent of the housing market. For every renter household in Old Fort, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Old Fort?

The rental vacancy rate in Old Fort is 8 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 Old Fort for each bedroom size?

Occupied Rental Units by Size in Old Fort
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 37 46 43 15
Occupied Rental Units by Size in Old Fort

A large number of apartments in Old Fort 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 Old Fort are overburdened by housing costs?

Among renter households in this market, 33 percent have housing cost burden. Further, 15 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 Old Fort

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $713 to $1,262. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $713
One BR $751
Two BR $856
Three BR $1,059
Four BR $1,262
2024 Fair Market Rents in Old Fort, North Carolina

How many units are rented at Fair Market Rent (FMR) in Old Fort?

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 24 65 percent
Two BR 24 52 percent
Rental Units Below FMR in Old Fort, North Carolina

How many affordable rental units are in Old Fort?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 1
USDA Section 515 Rural Rental Housing 8
Tracked Units by Federal Program in Old Fort, North Carolina

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

Income Based Apartments in Old Fort, North Carolina

Old Fort features 8 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 Old Fort, North Carolina

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

Housing Choice Vouchers in Old Fort, North Carolina

On average, Section 8 Housing Choice vouchers pay Old Fort landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Old Fort.

The maximum amount a voucher would pay on behalf of a low-income tenant in Old Fort, North Carolina for a two-bedroom apartment is between $770 and $942.

Sourced from federal housing data and AffordableHousingOnline.com research.