Affordable Housing In Richmond County
25 Low Income Apartment Communities In Richmond County
Other Housing Authorities located in Richmond County
|Rockingham Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Hamlet Housing Authority||Public Housing|
Guide To Affordable Housing in Richmond County, North Carolina
There are 25 low income housing apartment communities offering 1,481 affordable apartments for rent in Richmond County, North Carolina.
Income Based Apartments in Richmond County, North Carolina
Richmond County features 1,268 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 Richmond County, North Carolina
There are 213 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richmond County.
Housing Choice Vouchers in Richmond County, North Carolina
On average, Section 8 Housing Choice vouchers pay Richmond County landlords $400 per month towards rent. The average voucher holder contributes $400 towards rent in Richmond County.
Sourced from federal housing data and AffordableHousingOnline.com research.
Richmond County, NC Affordable Housing Snapshot
|Total Affordable Apartment Properties||25|
|Total Low Income Apartments||1,481|
|Total Housing Units with Rental Assistance||1,268|
|Percentage of Housing Units Occupied By Renters||37.28%|
|Average Renter Household Size||2.38|
|Average Household Size||2.42|
|Median Household Income||$32,687 ±$1,591|
|Median Rent||$600 ±$16|
|Percentage Of Renters Overburdened||47.99% ± 4.43pp|
Population and Household Demographics
Richmond County is a County in North Carolina with a population of 46,046. There are 18,461 households in the county with an average household size of 2.42 persons. 37.28% of households in Richmond County are renters.
Income and Rent Overburden in Richmond County
The median gross income for households in Richmond County is $32,687 a year, or $2,724 a month. The median rent for the county is $600 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Richmond County, a household making less than $2,000 a month would be considered overburdened when renting an apartment at or above the median rent. 47.99% of households who rent are overburdened in Richmond County.1
Area Median Income In Richmond 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 Richmond County, HUD calculates the Area Median Income for a family of four as $42,300
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 Richmond 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 Richmond County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,490||$16,910||$21,330||$25,750||$29,850||$32,050||$34,250||$36,450|
|50% of Median||$19,350||$22,100||$24,850||$27,600||$29,850||$32,050||$34,250||$36,450|
|80% of Median||$30,950||$35,350||$39,750||$44,150||$47,700||$51,250||$54,750||$58,300|
Cities In Richmond County
Select A City to View its Apartment Communities and Waiting Lists.
|Rockingham||16||The HUD funded Public Housing Agency that serves Rockingham is the Rockingham Housing Authority.|
|Hamlet||7||The HUD funded Public Housing Agency that serves Hamlet is the Hamlet Housing Authority.|