Low Income Apartments and Affordable Housing For Rent in Stokes County, NC

Discover affordable housing in Stokes County 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.

Stokesburg Meadows

124 Stokesburg Meadows Ct, Walnut Cove, North Carolina 27052

Heritage

124 Heritage Drive, Box 25, Walnut Cove, North Carolina 27052

Pine Ridge Apartments

209 Pine Ridge Circle, Walnut Cove, North Carolina 27052

Arc Hds Stokes Co. Apartments

121 Lakeside Dr, Walnut Cove, North Carolina 27052

calendar_today Opened: Oct 1
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Stokes County, North Carolina
$21.02/hour
$13.77 (+190%) more than North Carolina minimum wage and $13.77 (+190%) more than the Federal minimum wage.
Learn More About Stokes County, North Carolina Affordable Housing ↓

What HUD offices serve Stokes County, 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 Section 8 Housing Choice Voucher (HCV) programs for Stokes County, North Carolina.

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

How many renters live in Stokes County, North Carolina?

The County of Stokes County has 44,696 people living in 18,993 households.

There are 9,750 renters living in 4,213 renter households in this County. Renters make up 21.81 percent of the population living in Stokes County.

What is the rental market like in Stokes County, North Carolina?

There are an estimated 21,285 housing units in the Stokes County area. Of these, 4,334 units are rental homes, making up 20 percent of the housing market. For every renter household in Stokes County, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Stokes County?

The rental vacancy rate in Stokes County is 2 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 Stokes County for each bedroom size?

Occupied Rental Units by Size in Stokes County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
199 372 1,638 1,842 147
Occupied Rental Units by Size in Stokes County

A large number of apartments in Stokes County 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 Stokes County are overburdened by housing costs?

Among renter households in this market, 38 percent have housing cost burden. Further, 13 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 Stokes County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $897 to $1,671. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $897
One BR $936
Two BR $1,110
Three BR $1,452
Four BR $1,671
2024 Fair Market Rents in Stokes County, North Carolina

How many units are rented at Fair Market Rent (FMR) in Stokes 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 194 97 percent
One BR 310 83 percent
Two BR 1,248 76 percent
Rental Units Below FMR in Stokes County, North Carolina

How many affordable rental units are in Stokes County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 494
Section 8 Project-Based Rental Assistance 45
Section 202 Supportive Housing for the Elderly 23
Section 811 Supportive Housing for Persons with Disabilities 12
USDA Section 515 Rural Rental Housing 200
Tracked Units by Federal Program in Stokes County, North Carolina

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

Income Based Apartments in Stokes County, North Carolina

Stokes County features 88 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 Stokes County, North Carolina

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

Housing Choice Vouchers in Stokes County, North Carolina

On average, Section 8 Housing Choice vouchers pay Stokes County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Stokes County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Stokes County, North Carolina for a two-bedroom apartment is between $999 and $1,221.

Sourced from federal housing data and AffordableHousingOnline.com research.