How many renters live in Surf City, North Carolina?
The City of Surf City has people living in households.
There are renters living in renter households in this City. Renters make up 16.28 percent of the population living in Surf City.
What is the rental market like in Surf City, North Carolina?
There are an estimated housing units in the Surf City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Surf City, North Carolina, there are 2.24 rental units.
What is the vacancy rate for rentals in Surf City?
The rental vacancy rate in Surf City is 55 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 Surf City for each bedroom size?
Occupied Rental Units by Size in Surf City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 53 | 83 | 110 | 32 |
Occupied Rental Units by Size in Surf City
A large number of apartments in Surf City have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Surf City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $904 to $2,162. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $904 |
| One BR | $1,030 |
| Two BR | $1,274 |
| Three BR | $1,795 |
| Four BR | $2,162 |
2024 Fair Market Rents in Surf City, North Carolina
How many units are rented at Fair Market Rent (FMR) in Surf City?
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 | 0 | 100 percent |
| Two BR | 18 | 22 percent |
Rental Units Below FMR in Surf City, North Carolina
How many affordable rental units are in Surf City?
Income Based Apartments in Surf City, North Carolina
Surf City features 0 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 Surf City, North Carolina
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Surf City.
Housing Choice Vouchers in Surf City, North Carolina
On average, Section 8 Housing Choice vouchers pay Surf City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Surf City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Surf City, North Carolina for a two-bedroom apartment is between $998 and $1,220.
Sourced from federal housing data and AffordableHousingOnline.com research.