Low Income Apartments and Affordable Housing For Rent in Pineville, NC

Discover affordable housing in Pineville where there are 2+ 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.

The Dorchester

12920 Dorman Rd, Pineville, North Carolina 28134

The Pines at Carolina Place

12700 Pine Acres Ave, Pineville, North Carolina 28134

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Pineville, North Carolina
$22.18 (+306%) more than North Carolina minimum wage and $22.18 (+306%) more than the Federal minimum wage.
Learn More About Pineville, North Carolina Affordable Housing ↓

How many renters live in Pineville, North Carolina?

The City of Pineville has 10,532 people living in 4,417 households.

There are 4,782 renters living in 2,320 renter households in this City. Renters make up 45.4 percent of the population living in Pineville.

What is the rental market like in Pineville, North Carolina?

There are an estimated 4,775 housing units in the Pineville area. Of these, 2,584 units are rental homes, making up 54 percent of the housing market. For every renter household in Pineville, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Pineville?

The rental vacancy rate in Pineville 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 Pineville for each bedroom size?

Occupied Rental Units by Size in Pineville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
58 795 1,115 259 93
Occupied Rental Units by Size in Pineville

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

Among renter households in this market, 59 percent have housing cost burden. Further, 28 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 Pineville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,347 to $2,481. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,347
One BR $1,384
Two BR $1,554
Three BR $1,936
Four BR $2,481
2024 Fair Market Rents in Pineville, North Carolina

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

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
Studio 40 69 percent
One BR 455 57 percent
Two BR 635 57 percent
Rental Units Below FMR in Pineville, North Carolina

How many affordable rental units are in Pineville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 298
Section 8 Project-Based Rental Assistance 40
Tracked Units by Federal Program in Pineville, North Carolina

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

Income Based Apartments in Pineville, North Carolina

Pineville 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 Pineville, North Carolina

There are 299 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pineville.

Housing Choice Vouchers in Pineville, North Carolina

On average, Section 8 Housing Choice vouchers pay Pineville landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Pineville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Pineville, North Carolina for a two-bedroom apartment is between $1,399 and $1,709.

Sourced from federal housing data and AffordableHousingOnline.com research.