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

Cardinal Chase

205 S 10th Ave
Siler City, North Carolina
Rent Assisted
LIHTC
Call For Rent
1-3 BR

Windsor Arms Apartments

1409 E. 11th Street Apt 2-B
Siler City, North Carolina
Income Based
1-2 BR

Braxton Manor Senior Living Apartments

101 S 3rd Ave
Siler City, North Carolina
Rent Assisted
LIHTC
Call For Rent
Studio-2 BR

North Glen

1221 West 11th Street
Siler City, North Carolina

Siler School Square

511 West Fourth St
Siler City, North Carolina
Rent Assisted
LIHTC

Cateland Place

380 W 11th St
Siler City, North Carolina
Rent Assisted
LIHTC

Sheffield Manor

813 Sheffield Drive
Siler City, North Carolina
Subsidized
Rent Assisted
LIHTC
RDRA

Arc Hds Chatham County Gh 1

320 M L King Jr Blvd
Siler City, North Carolina
Subsidized
Senior
S. 202

Arc Hds Chatham County Gh 3

813 Tanglewood Dr
Siler City, North Carolina
Subsidized
Senior
S. 202

Arc Hds Chatham County Gh 2

1011 W 5th St
Siler City, North Carolina
Subsidized
Senior
S. 202
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There are 188 low-income apartments in Siler City that offer reduced rents to eligible households.

Rental assistance programs support 56 low-income homes in Siler City where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $273 towards rent each month.

Affordable rent data for some communities last confirmed on January 2nd, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Siler City, 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
Chatham County Housing Authority Section 8 Housing Choice Voucher (HCV)
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Siler City.

Siler City, North Carolina Affordable Housing Data

Income Based Apartments in Siler City, North Carolina

Siler City features 56 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 Siler City, North Carolina

There are 188 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Siler City.

Housing Choice Vouchers in Siler City, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Siler City, North Carolina for a two-bedroom apartment is between $1,184 and $1,447.

2023 Siler City, 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
Siler City, North Carolina Fair Market Rent $1,128 $1,134 $1,315 $1,669 $2,031
Siler City, North Carolina Payment Standard Range $1,015 to $1,241 $1,021 to $1,247 $1,184 to $1,447 $1,502 to $1,836 $1,828 to $2,234

Sourced from federal housing data and AffordableHousingOnline.com research.

Siler City, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 10
Total Low Income Apartments 244
Total Housing Units with Rental Assistance 56
Percentage of Housing Units Occupied By Renters 50.39%
Average Renter Household Size 3.03
Average Household Size 2.94
Median Household Income $29,956 ±$3,939
Median Rent $657 ±$43
Percentage Of Renters Overburdened 48.42% ± 11.58pp
Total Population 8,193

Population and Household Demographics

Siler City is a city in Chatham County, North Carolina with a population of 8,193. There are 2,705 households in the city with an average household size of 2.94 persons. 50.39% of households in Siler City are renters.

Income and Rent Overburden in Siler City

The median gross income for households in Siler City is $29,956 a year, or $2,496 a month. The median rent for the city is $657 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Siler City, a household making less than $2,190 a month would be considered overburdened when renting an apartment at or above the median rent. 48.42% of households who rent are overburdened in Siler City.

Area Median Income In Siler City

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 Siler City, the AMI is calculated from all households within Chatham County.

In Siler City, HUD calculates the Area Median Income for a family of four as $116,200

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 Siler City

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 Siler City

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Siler City AMI may qualify for rental assistance programs that target Extremely Low Income households.
$21,250 $24,300 $27,350 $30,350 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Siler City AMI may qualify for rental assistance programs that target Very Low Income households.
$35,400 $40,450 $45,500 $50,550 $54,600 $58,650 $62,700 $66,750
80% AMI Income Limits
Renters earning up to 80% of the Siler City AMI may qualify for rental assistance programs that target Low Income households.
$56,650 $64,750 $72,850 $80,900 $87,400 $93,850 $100,350 $106,800