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

Creekside Crossing Apartments

358 West St
Spindale, North Carolina
Rent Assisted
1 BR

Sterling Oaks

131 Armstrong Drive
Spindale, North Carolina

Timber Ridge

190 Heartwood Lane
Spindale, North Carolina
Rent Assisted

Cac of Rutherford County 2

903 Morgan St
Spindale, North Carolina
S. 811 Supportive
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There are 48 low-income apartments in Spindale that offer reduced rents to eligible households.

Rental assistance programs support 10 low-income homes in Spindale where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $268 towards rent each month.

Affordable rent data for some communities last confirmed on July 20th, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Spindale, 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
Isothermal Planning and Development Commission Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Veteran Affairs Supportive Housing (VASH)
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Spindale.

Spindale, North Carolina Affordable Housing Data

Income Based Apartments in Spindale, North Carolina

Spindale features 10 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 Spindale, North Carolina

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Spindale.

Housing Choice Vouchers in Spindale, North Carolina

On average, Section 8 Housing Choice vouchers pay Spindale landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Spindale.

The maximum amount a voucher would pay on behalf of a low-income tenant in Spindale, North Carolina for a two-bedroom apartment is between $694 and $848.

2023 Spindale, 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
Spindale, North Carolina Fair Market Rent $643 $646 $771 $975 $1,188
Spindale, North Carolina Payment Standard Range $579 to $707 $581 to $711 $694 to $848 $878 to $1,073 $1,069 to $1,307

Sourced from federal housing data and AffordableHousingOnline.com research.

Spindale, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 58
Total Housing Units with Rental Assistance 10
Percentage of Housing Units Occupied By Renters 40.16%
Average Renter Household Size 2.47
Average Household Size 2.34
Median Household Income $28,481 ±$4,321
Median Rent $712 ±$160
Percentage Of Renters Overburdened 42.15% ± 15.5pp
Total Population 4,279

Population and Household Demographics

Spindale is a city in Rutherford County, North Carolina with a population of 4,279. There are 1,713 households in the city with an average household size of 2.34 persons. 40.16% of households in Spindale are renters.

Income and Rent Overburden in Spindale

The median gross income for households in Spindale is $28,481 a year, or $2,373 a month. The median rent for the city is $712 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Spindale, a household making less than $2,373 a month would be considered overburdened when renting an apartment at or above the median rent. 42.15% of households who rent are overburdened in Spindale.

Area Median Income In Spindale

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 Spindale, the AMI is calculated from all households within Rutherford County.

In Spindale, HUD calculates the Area Median Income for a family of four as $62,800

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 Spindale

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 Spindale

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30% AMI Income Limits
Renters earning up to 30% of the Spindale 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 Spindale 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 Spindale 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