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Affordable Housing In Stanly County
North Carolina

21 Low Income Apartment Communities In Stanly County

Edgewood Place Apartments

1401 N 6th St
Albemarle, North Carolina
Subsidized

Cac of Stanly Co.

425 Pee Dee Ave
Albemarle, North Carolina
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Morrow Chase Apartments

2002 Foxrun Dr
Albemarle, North Carolina
Subsidized
62+
Accessible
Elderly Supportive Housing

Arc Hds Stanly County Group Home 2

207 Anderson Rd
Albemarle, North Carolina
Subsidized
62+
Accessible
Elderly Supportive Housing

Matthews Place

411 S 4th St
Albemarle, North Carolina
Subsidized
62+
Accessible
Elderly Supportive Housing

Arc Hds Stanly Co Group Home 4

1100 Lafayette Dr
Albemarle, North Carolina
Subsidized
Accessible
Accessible
Disabled Supportive Housing

As Stanly Co. G.H. 1

510 N 4th St
Albemarle, North Carolina
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Arc Hds Stanly County Group Home 3

1213 Moss Springs Rd
Albemarle, North Carolina
Subsidized
62+
Accessible
Elderly Supportive Housing

As Stanly Co. Apartments 2

501 Heathwood Dr
Albemarle, North Carolina
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Forest Oaks

1911 Midwood Drive
Albemarle, North Carolina
Subsidized

Guide To Affordable Housing in Stanly County, North Carolina

There are 21 low income housing apartment communities offering 623 affordable apartments for rent in Stanly County, North Carolina.

Income Based Apartments in Stanly County, North Carolina

Stanly County features 428 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 Stanly County, North Carolina

There are 195 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stanly County.

Housing Choice Vouchers in Stanly County, North Carolina

On average, Section 8 Housing Choice vouchers pay Stanly County landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Stanly County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Stanly County, North Carolina for a two-bedroom apartment is between $624 and $762.

2021 Stanly County, 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
Stanly County, North Carolina Fair Market Rent $571 $574 $693 $941 $1,159
Stanly County, North Carolina Payment Standard Range $514 to $628 $517 to $631 $624 to $762 $847 to $1,035 $1,043 to $1,275

Sourced from federal housing data and AffordableHousingOnline.com research.

Stanly County, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 21
Total Low Income Apartments 623
Total Housing Units with Rental Assistance 428
Percentage of Housing Units Occupied By Renters 28.95%
Average Renter Household Size 2.48
Average Household Size 2.47
Median Household Income $40,910 ±$1,655
Median Rent $653 ±$30
Percentage Of Renters Overburdened 47.87% ± 4.36pp
Total Population 60,586

Population and Household Demographics

Stanly County is a county in North Carolina with a population of 60,586. There are 23,667 households in the county with an average household size of 2.47 persons. 28.95% of households in Stanly County are renters.

Income and Rent Overburden in Stanly County

The median gross income for households in Stanly County is $40,910 a year, or $3,409 a month. The median rent for the county is $653 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Stanly County, a household making less than $2,177 a month would be considered overburdened when renting an apartment at or above the median rent. 47.87% of households who rent are overburdened in Stanly County.

Area Median Income In Stanly County

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.

In Stanly County, HUD calculates the Area Median Income for a family of four as $62,200

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 Stanly County

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 Stanly County

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 Stanly County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,100 $17,420 $21,960 $26,500 $31,040 $35,580 $38,600 $41,100
50% AMI Income Limits
Renters earning up to 50% of the Stanly County AMI may qualify for rental assistance programs that target Very Low Income households.
$21,800 $24,900 $28,000 $31,100 $33,600 $36,100 $38,600 $41,100
80% AMI Income Limits
Renters earning up to 80% of the Stanly County AMI may qualify for rental assistance programs that target Low Income households.
$34,850 $39,800 $44,800 $49,750 $53,750 $57,750 $61,700 $65,700

Cities In Stanly County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Albemarle The HUD funded Public Housing Agency that serves Albemarle is the City of Albemarle Department of Public Housing.
Aquadale
Badin
Millingport
Misenheimer
New London
Norwood
Oakboro
Red Cross
Richfield
Stanfield