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

Discover affordable housing in Selma where there are 10+ 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.

Joseph E Price Elderly Center

300 Merriman Dr, Selma, North Carolina 27576

bed 1
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

The Meadows Apartments

601 Ricks Rd, Selma, North Carolina 27576

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Redwood Village

7 Cypress Ct, Selma, North Carolina 27576

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Meadowview

900 4th Street, Bldg. #5, Selma, North Carolina 27576

706 S Pollock St

706 S Pollock St, Selma, North Carolina 27576

bed 3
payment $2000/mo.

5337 NC-96

5337 NC-96, Selma, North Carolina 27576

bed 3
payment $1745/mo.

202 Valley Ct

202 Valley Ct, Selma, North Carolina 27576

bed 3
payment $1500/mo.

Hillmont Village

306 W Main St, Selma, North Carolina 27576

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Meadow View Apartments

900 4th Ave, Selma, North Carolina 27576

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Coastline Canady Wilson

601 Tower St, Selma, North Carolina 27576

payment Subsidized

How To Identify Affordable Housing in Selma, North Carolina

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Selma, North Carolina
$31.17/hour
$23.92 (+330%) more than North Carolina minimum wage and $23.92 (+330%) more than the Federal minimum wage.
Learn More About Selma, North Carolina Affordable Housing ↓

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

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

How many renters live in Selma, North Carolina?

The City of Selma has people living in households.

There are renters living in renter households in this City. Renters make up 63.03 percent of the population living in Selma.

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

There are an estimated housing units in the Selma area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Selma, North Carolina, there are 1.04 rental units.

What is the vacancy rate for rentals in Selma?

The rental vacancy rate in Selma is 3 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 Selma for each bedroom size?

Occupied Rental Units by Size in Selma
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3 359 598 565 33
Occupied Rental Units by Size in Selma

A large number of apartments in Selma have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Selma

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,427 to $2,711. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,427
One BR $1,466
Two BR $1,646
Three BR $2,035
Four BR $2,711
2024 Fair Market Rents in Selma, North Carolina

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

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
Studio 3 100 percent
One BR 355 99 percent
Two BR 567 95 percent
Rental Units Below FMR in Selma, North Carolina

How many affordable rental units are in Selma?

There are a variety of federal affordable housing programs serving households in Selma, North Carolina including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Selma, North Carolina

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Selma, North Carolina

Selma features 421 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 Selma, North Carolina

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

Housing Choice Vouchers in Selma, North Carolina

On average, Section 8 Housing Choice vouchers pay Selma landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Selma.

The maximum amount a voucher would pay on behalf of a low-income tenant in Selma, North Carolina for a two-bedroom apartment is between $1,481 and $1,811.

Sourced from federal housing data and AffordableHousingOnline.com research.

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