Low Income Apartments and Affordable Housing For Rent in Swan Quarter, NC

Discover affordable housing in Swan Quarter where there are 1+ 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.

Bay Court

15 Bay Court, Swan Quarter, North Carolina 27885

How To Identify Affordable Housing in Swan Quarter, North Carolina

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Swan Quarter, North Carolina
$16.65/hour
$9.40 (+130%) more than North Carolina minimum wage and $9.40 (+130%) more than the Federal minimum wage.
Learn More About Swan Quarter, North Carolina Affordable Housing ↓

What HUD offices serve Swan Quarter, 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), Family Self-Sufficiency programs for Swan Quarter, North Carolina.

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

How many renters live in Swan Quarter, North Carolina?

The City of Swan Quarter has people living in households.

There are renters living in renter households in this City. Renters make up 32.76 percent of the population living in Swan Quarter.

What is the rental market like in Swan Quarter, North Carolina?

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

What is the vacancy rate for rentals in Swan Quarter?

The rental vacancy rate in Swan Quarter 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 Swan Quarter for each bedroom size?

Occupied Rental Units by Size in Swan Quarter
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 0 0 40
Occupied Rental Units by Size in Swan Quarter

A large number of apartments in Swan Quarter 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 Swan Quarter

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $705 to $1,340. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $705
One BR $710
Two BR $879
Three BR $1,124
Four BR $1,340
2024 Fair Market Rents in Swan Quarter, North Carolina

How many units are rented at Fair Market Rent (FMR) in Swan Quarter?

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
Rental Units Below FMR in Swan Quarter, North Carolina

How many affordable rental units are in Swan Quarter?

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

Federal Program Unit Count
Public Housing
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in Swan Quarter, North Carolina

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

Income Based Apartments in Swan Quarter, North Carolina

Swan Quarter features 20 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 Swan Quarter, North Carolina

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

Housing Choice Vouchers in Swan Quarter, North Carolina

On average, Section 8 Housing Choice vouchers pay Swan Quarter landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Swan Quarter.

The maximum amount a voucher would pay on behalf of a low-income tenant in Swan Quarter, North Carolina for a two-bedroom apartment is between $791 and $967.

Sourced from federal housing data and AffordableHousingOnline.com research.