Low Income Apartments and Affordable Housing For Rent in Spruce Pine, NC

Discover affordable housing in Spruce Pine where there are 4+ 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.

Deer Park Apartments

18 Deer Park Loop, Spruce Pine, North Carolina 28777

Sunshine Hill Apartments

106 Sunshine Hill St, Spruce Pine, North Carolina 28777

Spruce Pine

72 Feldspar St, Spruce Pine, North Carolina 28777

North Toe Apts

300 Feldspar St, Spruce Pine, North Carolina

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Spruce Pine, North Carolina
$16.21/hour
$8.96 (+124%) more than North Carolina minimum wage and $8.96 (+124%) more than the Federal minimum wage.
Learn More About Spruce Pine, North Carolina Affordable Housing ↓

What HUD offices serve Spruce Pine, 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 Spruce Pine, North Carolina.

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

How many renters live in Spruce Pine, North Carolina?

The City of Spruce Pine has 2,637 people living in 1,141 households.

There are 840 renters living in 367 renter households in this City. Renters make up 31.85 percent of the population living in Spruce Pine.

What is the rental market like in Spruce Pine, North Carolina?

There are an estimated 1,294 housing units in the Spruce Pine area. Of these, 394 units are rental homes, making up 30 percent of the housing market. For every renter household in Spruce Pine, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Spruce Pine?

The rental vacancy rate in Spruce Pine is 0 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 Spruce Pine for each bedroom size?

Occupied Rental Units by Size in Spruce Pine
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 100 161 96 10
Occupied Rental Units by Size in Spruce Pine

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

How many renter households in Spruce Pine are overburdened by housing costs?

Among renter households in this market, 38 percent have housing cost burden. Further, 12 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Spruce Pine

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $647 to $1,140. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $647
One BR $651
Two BR $856
Three BR $1,053
Four BR $1,140
2024 Fair Market Rents in Spruce Pine, North Carolina

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

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
One BR 64 64 percent
Two BR 85 53 percent
Rental Units Below FMR in Spruce Pine, North Carolina

How many affordable rental units are in Spruce Pine?

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

Federal Program Unit Count
Low Income Housing Tax Credit 32
Public Housing 84
Section 8 Project-Based Rental Assistance 1
USDA Section 515 Rural Rental Housing 31
Tracked Units by Federal Program in Spruce Pine, North Carolina

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

Income Based Apartments in Spruce Pine, North Carolina

Spruce Pine features 172 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 Spruce Pine, North Carolina

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

Housing Choice Vouchers in Spruce Pine, North Carolina

On average, Section 8 Housing Choice vouchers pay Spruce Pine landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Spruce Pine.

The maximum amount a voucher would pay on behalf of a low-income tenant in Spruce Pine, North Carolina for a two-bedroom apartment is between $770 and $942.

Sourced from federal housing data and AffordableHousingOnline.com research.