Low Income Apartments In Rocky Mount
Edgecombe County, North Carolina

Rocky Mount city limits extend into  Nash County and  Edgecombe County.

Low Income Apartments In Rocky Mount

Rollinwood Manor

144 Rollinwood Drive
Rocky Mount, NC
$405-470
1-2 BR
55+
HCV Welcome

Beal Street Square

564 Beal St.
Rocky Mount, NC
$422-564
1-2 BR
HCV Welcome

Rolling Meadows

1960 Boone Street
Rocky Mount, NC
Income Based
1-4 BR
HCV Welcome
Subsidized

Ravenwood Crossing

545 Ravenwood Dr
Rocky Mount, NC
$400-635
1-3 BR
HCV Welcome

Cokey Apartments

150 Parrish Ct
Rocky Mount, NC
Income Based
1-4 BR

Southside Townhomes

150 Parrish Court
Rocky Mount, NC
Income Based
1 BR

Thorne Ridge Apartments

1310 Dreaver St
Rocky Mount, NC
Call For Rent
2-3 BR
HCV Welcome

Thorne Ridge Apartments II

128 Tony Cir
Rocky Mount, NC
Call For Rent
1-3 BR
HCV Welcome

Mayfair Apartments

1602 Chicora Ct
Rocky Mount, NC
62+
Accessible
Elderly Supportive Housing
Subsidized

M.S. Hayworth Apartments

931 Tessie St
Rocky Mount, NC
Subsidized

There are 29 low income housing apartment complexes which contain 2,014 affordable apartments for rent in Rocky Mount. Many of these rental apartments are income based housing with 1,394 apartments that set rent based on your income. In Rocky Mount, HUD housing programs support 415 rental assistance apartments through programs like Project-based Section 8. There are 620 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Rocky Mount

Housing Authority Programs
Rocky Mount Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Nash-Edgecombe Economic Development Inc. Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Rocky Mount, North Carolina

Rocky Mount, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 29
Total Low Income Apartments 2,014
Total Rent Assisted Apartments 1,394
Percentage of Housing Units Occupied By Renters 48.1%
Average Renter Household Size 2.38
Total Population 56,642
Housing Units 22,283
Average Household Size 2.47
Median Household Income $36,088 ±$3,068
Median Rent $740 ±$30
Percentage Of Renters Overburdened 56.58% ± 5.57pp

Population and Household Demographics

Rocky Mount is a City in Edgecombe County, North Carolina with a population of 56,642. There are 22,283 households in the city with an average household size of 2.47 persons. 48.1% of households in Rocky Mount are renters.

Income and Rent Overburden in Rocky Mount

The median gross income for households in Rocky Mount is $36,088 a year, or $3,007 a month. The median rent for the city is $740 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rocky Mount, a household making less than $2,467 a month would be considered overburdened when renting an apartment at or above the median rent. 56.58% of households who rent are overburdened in Rocky Mount.1

Area Median Income In Rocky Mount

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 Rocky Mount, the AMI is calculated from all households within Edgecombe County.

In Rocky Mount, HUD calculates the Area Median Income for a family of four as $54,700

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 Rocky Mount

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 Rocky Mount HUD Rental Assistance in Rocky Mount

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
Low Income Housing Tax Credits in Rocky Mount

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1994 to 2008, 8 low income apartment communities containing 424 rental apartments have been constructed and made affordable to low income persons in Rocky Mount by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Rocky Mount

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $23,220 $26,520 $29,820 $33,120 $35,820 $38,460 $41,100 $43,740

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Rocky Mount is $29,820 a year, or $2,485 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,485 by 30% to get a maximum rent of $746 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $484 $518 $621 $718 $801 $884
60% $581 $622 $746 $862 $962 $1,061
Fair Market Rents in Rocky Mount

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$552 $555 $721 $985 $1,106