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

Arcadia Village Apartments

901 Dickson Rd
Riegelwood, North Carolina
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There are 0 low-income apartments in Riegelwood that offer reduced rents to eligible households.

Rental assistance programs support 30 low-income homes in Riegelwood where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 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.

Public Housing Agencies Serving 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.

Housing Authority Programs
Columbus County Public Housing Agency Section 8 Housing Choice Voucher (HCV)
Southeastern Community and Family Services Section 8 Housing Choice Voucher (HCV)
North Carolina Commission of Indian Affairs Section 8 Housing Choice Voucher (HCV)
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Riegelwood.

Riegelwood, North Carolina Affordable Housing Data

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 $694 and $848.

2023 Riegelwood, 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
Riegelwood, North Carolina Fair Market Rent $582 $586 $771 $962 $1,209
Riegelwood, North Carolina Payment Standard Range $524 to $640 $527 to $645 $694 to $848 $866 to $1,058 $1,088 to $1,330

Sourced from federal housing data and AffordableHousingOnline.com research.

Riegelwood, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 30
Total Housing Units with Rental Assistance 30
Percentage of Housing Units Occupied By Renters 29.83%
Average Renter Household Size 1.83
Average Household Size 1.64
Median Household Income $26,591 ±$10,881
Median Rent $0 ±$0
Percentage Of Renters Overburdened 77.46% ± 62.87pp
Total Population 390

Population and Household Demographics

Riegelwood is a city in Columbus County, North Carolina with a population of 390. There are 238 households in the city with an average household size of 1.64 persons. 29.83% of households in Riegelwood are renters.

Income and Rent Overburden in Riegelwood

The median gross income for households in Riegelwood is $26,591 a year, or $2,216 a month. The median rent for the city is $0 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Riegelwood, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 77.46% of households who rent are overburdened in Riegelwood.

Area Median Income In Riegelwood

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 Riegelwood, the AMI is calculated from all households within Columbus County.

In Riegelwood, HUD calculates the Area Median Income for a family of four as $59,400

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 Riegelwood

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 Riegelwood

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30% AMI Income Limits
Renters earning up to 30% of the Riegelwood AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $35,140 $40,150 $42,950 $45,700
50% AMI Income Limits
Renters earning up to 50% of the Riegelwood AMI may qualify for rental assistance programs that target Very Low Income households.
$24,250 $27,700 $31,150 $34,600 $37,400 $40,150 $42,950 $45,700
80% AMI Income Limits
Renters earning up to 80% of the Riegelwood AMI may qualify for rental assistance programs that target Low Income households.
$38,750 $44,300 $49,850 $55,350 $59,800 $64,250 $68,650 $73,100