Low Income Apartments and Affordable Housing For Rent in Pilot Mountain, NC

Discover affordable housing in Pilot Mountain 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.

Pinnacle Hill

106 S Key St, Pilot Mountain, North Carolina 27041

calendar_today Opened: Oct 1
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Pilot Mountain, 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 Pilot Mountain, North Carolina Affordable Housing ↓

What HUD offices serve Pilot Mountain, 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) programs for Pilot Mountain, North Carolina.

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

How many renters live in Pilot Mountain, North Carolina?

The City of Pilot Mountain has 1,667 people living in 760 households.

There are 832 renters living in 361 renter households in this City. Renters make up 49.91 percent of the population living in Pilot Mountain.

What is the rental market like in Pilot Mountain, North Carolina?

There are an estimated 822 housing units in the Pilot Mountain area. Of these, 380 units are rental homes, making up 46 percent of the housing market. For every renter household in Pilot Mountain, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Pilot Mountain?

The rental vacancy rate in Pilot Mountain is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Pilot Mountain for each bedroom size?

Occupied Rental Units by Size in Pilot Mountain
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 43 144 159 15
Occupied Rental Units by Size in Pilot Mountain

A large number of apartments in Pilot Mountain 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 Pilot Mountain are overburdened by housing costs?

Among renter households in this market, 31 percent have housing cost burden. Further, 13 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 Pilot Mountain

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $672 to $1,368. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $672
One BR $677
Two BR $856
Three BR $1,045
Four BR $1,368
2024 Fair Market Rents in Pilot Mountain, North Carolina

How many units are rented at Fair Market Rent (FMR) in Pilot Mountain?

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 26 60 percent
Two BR 124 86 percent
Rental Units Below FMR in Pilot Mountain, North Carolina

How many affordable rental units are in Pilot Mountain?

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

Federal Program Unit Count
Section 811 Supportive Housing for Persons with Disabilities 2
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Pilot Mountain, North Carolina

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

Income Based Apartments in Pilot Mountain, North Carolina

Pilot Mountain features 48 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 Pilot Mountain, North Carolina

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

Housing Choice Vouchers in Pilot Mountain, North Carolina

On average, Section 8 Housing Choice vouchers pay Pilot Mountain landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Pilot Mountain.

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

Sourced from federal housing data and AffordableHousingOnline.com research.