Affordable Housing In Person County
18 Low Income Apartment Communities In Person County
Housing Authorities that serve Person County
|North Carolina Commission of Indian Affairs||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Person County, North Carolina
There are 18 low income housing apartment communities offering 683 affordable apartments for rent in Person County, North Carolina.
Income Based Apartments in Person County, North Carolina
Person County features 428 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 Person County, North Carolina
There are 255 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Person County.
Housing Choice Vouchers in Person County, North Carolina
On average, Section 8 Housing Choice vouchers pay Person County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Person County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Person County, North Carolina for a two-bedroom apartment is between $681 and $833.
2021 Person County, 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|
|Person County, North Carolina Fair Market Rent||$571||$574||$757||$1,024||$1,027|
|Person County, North Carolina Payment Standard Range||$514 to $628||$517 to $631||$681 to $833||$922 to $1,126||$924 to $1,130|
Sourced from federal housing data and AffordableHousingOnline.com research.
Person County, NC Affordable Housing Snapshot
|Total Affordable Apartment Properties||18|
|Total Low Income Apartments||683|
|Total Housing Units with Rental Assistance||428|
|Percentage of Housing Units Occupied By Renters||28.25%|
|Average Renter Household Size||2.59|
|Average Household Size||2.52|
|Median Household Income||$42,105 ±$1,790|
|Median Rent||$626 ±$33|
|Percentage Of Renters Overburdened||47.34% ± 6.88pp|
Population and Household Demographics
Person County is a county in North Carolina with a population of 39,262. There are 15,383 households in the county with an average household size of 2.52 persons. 28.25% of households in Person County are renters.
Income and Rent Overburden in Person County
The median gross income for households in Person County is $42,105 a year, or $3,509 a month. The median rent for the county is $626 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Person County, a household making less than $2,087 a month would be considered overburdened when renting an apartment at or above the median rent. 47.34% of households who rent are overburdened in Person County.
Area Median Income In Person County
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.
In Person County, HUD calculates the Area Median Income for a family of four as $65,600
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 Person County
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 Person County
|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 Person County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Person County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Person County AMI may qualify for rental assistance programs that target Low Income households.