. Low Income Apartments For Rent in Ramseur, North Carolina - Affordable Housing Online

King Hill Apartments

4724 Huntingwood Rd
Ramseur, North Carolina
Rent Assisted
S. 515 Rural
Call For Rent
1-2 BR

Randolph Hill Apartments

151 King Rd
Ramseur, North Carolina
S. 223
Call For Rent
1 BR
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There are 0 low-income apartments in Ramseur that offer reduced rents to eligible households.

Rental assistance programs support 40 low-income homes in Ramseur where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $272 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Ramseur, North Carolina Affordable Housing Data

Income Based Apartments in Ramseur, North Carolina

Ramseur features 40 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 Ramseur, North Carolina

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

Housing Choice Vouchers in Ramseur, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Ramseur, North Carolina for a two-bedroom apartment is between $935 and $1,143.

2023 Ramseur, 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
Ramseur, North Carolina Fair Market Rent $893 $920 $1,039 $1,339 $1,502
Ramseur, North Carolina Payment Standard Range $804 to $982 $828 to $1,012 $935 to $1,143 $1,205 to $1,473 $1,352 to $1,652

Sourced from federal housing data and AffordableHousingOnline.com research.

Ramseur, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 40
Total Housing Units with Rental Assistance 40
Percentage of Housing Units Occupied By Renters 38%
Average Renter Household Size 2.48
Average Household Size 2.59
Median Household Income $30,000 ±$4,742
Median Rent $590 ±$75
Percentage Of Renters Overburdened 48.5% ± 14.7pp
Total Population 1,926

Population and Household Demographics

Ramseur is a city in Randolph County, North Carolina with a population of 1,926. There are 700 households in the city with an average household size of 2.59 persons. 38% of households in Ramseur are renters.

Income and Rent Overburden in Ramseur

The median gross income for households in Ramseur is $30,000 a year, or $2,500 a month. The median rent for the city is $590 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ramseur, a household making less than $1,967 a month would be considered overburdened when renting an apartment at or above the median rent. 48.5% of households who rent are overburdened in Ramseur.

Area Median Income In Ramseur

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Ramseur, the AMI is calculated from all households within Randolph County.

In Ramseur, HUD calculates the Area Median Income for a family of four as $83,600

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 Ramseur

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 Ramseur

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30% AMI Income Limits
Renters earning up to 30% of the Ramseur AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,250 $19,720 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Ramseur AMI may qualify for rental assistance programs that target Very Low Income households.
$27,100 $30,950 $34,800 $38,650 $41,750 $44,850 $47,950 $51,050
80% AMI Income Limits
Renters earning up to 80% of the Ramseur AMI may qualify for rental assistance programs that target Low Income households.
$43,300 $49,500 $55,700 $61,850 $66,800 $71,750 $76,700 $81,650