What HUD offices serve Powellsville, 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.
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Powellsville.
How many renters live in Powellsville, North Carolina?
The City of Powellsville has 161 people living in 91 households.
There are 11 renters living in 7 renter households in this City. Renters make up 6.83 percent of the population living in Powellsville.
What is the rental market like in Powellsville, North Carolina?
There are an estimated 115 housing units in the Powellsville area. Of these, 7 units are rental homes, making up 6 percent of the housing market. For every renter household in Powellsville, North Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Powellsville?
The rental vacancy rate in Powellsville is 0 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 Powellsville for each bedroom size?
Occupied Rental Units by Size in Powellsville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 7 | 0 | 0 |
Occupied Rental Units by Size in Powellsville
A large number of apartments in Powellsville 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 Powellsville are overburdened by housing costs?
Among renter households in this market, 0 percent have housing cost burden. Further, 0 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 Powellsville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $683 to $1,336. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $683 |
| One BR | $688 |
| Two BR | $904 |
| Three BR | $1,093 |
| Four BR | $1,336 |
2024 Fair Market Rents in Powellsville, North Carolina
How many units are rented at Fair Market Rent (FMR) in Powellsville?
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 |
| Two BR | 4 | 57 percent |
Rental Units Below FMR in Powellsville, North Carolina
How many affordable rental units are in Powellsville?
Income Based Apartments in Powellsville, North Carolina
Powellsville 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 Powellsville, North Carolina
There are 45 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Powellsville.
Housing Choice Vouchers in Powellsville, North Carolina
On average, Section 8 Housing Choice vouchers pay Powellsville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Powellsville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Powellsville, North Carolina for a two-bedroom apartment is between $814 and $994.
Sourced from federal housing data and AffordableHousingOnline.com research.
