How many renters live in Mecklenburg County, North Carolina?
The County of Mecklenburg County has people living in households.
There are renters living in renter households in this County. Renters make up 39.66 percent of the population living in Mecklenburg County.
What is the rental market like in Mecklenburg County, North Carolina?
There are an estimated housing units in the Mecklenburg County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Mecklenburg County, North Carolina, there are 1.09 rental units.
What is the vacancy rate for rentals in Mecklenburg County?
The rental vacancy rate in Mecklenburg County is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Mecklenburg County for each bedroom size?
Occupied Rental Units by Size in Mecklenburg County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 10,367 59,718 80,549 48,403 12,881 Occupied Rental Units by Size in Mecklenburg County
A large number of apartments in Mecklenburg County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many units are rented at Fair Market Rent (FMR) in Mecklenburg County?
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 4,779 46 percent One BR 35,037 59 percent Two BR 41,122 51 percent Rental Units Below FMR in Mecklenburg County, North Carolina
How many affordable rental units are in Mecklenburg County?
There are a variety of federal affordable housing programs serving households in
Mecklenburg County, North Carolina including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Section 202 Supportive Housing for the Elderly Section 811 Supportive Housing for Persons with Disabilities USDA Section 515 Rural Rental Housing Tracked Units by Federal Program in Mecklenburg County, North Carolina
Income Based Apartments in Mecklenburg County, North Carolina
Mecklenburg County features 6,513 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 Mecklenburg County, North Carolina
There are 8,892 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mecklenburg County.
Housing Choice Vouchers in Mecklenburg County, North Carolina
On average, Section 8 Housing Choice vouchers pay Mecklenburg County landlords $900 per month towards rent. The average voucher holder contributes $300 towards rent in Mecklenburg County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mecklenburg County, North Carolina for a two-bedroom apartment is between $1,399 and $1,709.
Sourced from federal housing data and AffordableHousingOnline.com research.