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

Discover affordable housing in Riegelwood 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.

Arcadia Village Apartments

901 Dickson Rd, Riegelwood, North Carolina 28456

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

What HUD offices serve Riegelwood, 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 Riegelwood, North Carolina.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Riegelwood, North Carolina.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Riegelwood, North Carolina.

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

How many renters live in Riegelwood, North Carolina?

The City of Riegelwood has 658 people living in 256 households.

There are 110 renters living in 56 renter households in this City. Renters make up 16.72 percent of the population living in Riegelwood.

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

There are an estimated 284 housing units in the Riegelwood area. Of these, 56 units are rental homes, making up 20 percent of the housing market. For every renter household in Riegelwood, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Riegelwood?

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

Occupied Rental Units by Size in Riegelwood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 33 23 0
Occupied Rental Units by Size in Riegelwood

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

Among renter households in this market, 59 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 Riegelwood

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $647 to $1,140. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $647
One BR $651
Two BR $856
Three BR $1,035
Four BR $1,140
2024 Fair Market Rents in Riegelwood, North Carolina

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

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 0 100 percent
Rental Units Below FMR in Riegelwood, North Carolina

How many affordable rental units are in Riegelwood?

Income Based Apartments in Riegelwood, North Carolina

Riegelwood features 30 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 Riegelwood, North Carolina

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

Housing Choice Vouchers in Riegelwood, North Carolina

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.