How many renters live in Swannanoa, North Carolina?
The City of Swannanoa has people living in households.
There are renters living in renter households in this City. Renters make up 25.29 percent of the population living in Swannanoa.
What is the rental market like in Swannanoa, North Carolina?
There are an estimated housing units in the Swannanoa area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Swannanoa, North Carolina, there are 1.32 rental units.
What is the vacancy rate for rentals in Swannanoa?
The rental vacancy rate in Swannanoa is 24 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 Swannanoa for each bedroom size?
Occupied Rental Units by Size in Swannanoa
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 82 | 115 | 169 | 24 |
Occupied Rental Units by Size in Swannanoa
A large number of apartments in Swannanoa 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 Swannanoa
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,428 to $2,851. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,428 |
| One BR | $1,496 |
| Two BR | $1,680 |
| Three BR | $2,160 |
| Four BR | $2,851 |
2024 Fair Market Rents in Swannanoa, North Carolina
How many units are rented at Fair Market Rent (FMR) in Swannanoa?
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 | 82 | 100 percent |
| Two BR | 115 | 100 percent |
Rental Units Below FMR in Swannanoa, North Carolina
How many affordable rental units are in Swannanoa?
Income Based Apartments in Swannanoa, North Carolina
Swannanoa 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 Swannanoa, North Carolina
There are 239 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Swannanoa.
Housing Choice Vouchers in Swannanoa, North Carolina
On average, Section 8 Housing Choice vouchers pay Swannanoa landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Swannanoa.
The maximum amount a voucher would pay on behalf of a low-income tenant in Swannanoa, North Carolina for a two-bedroom apartment is between $1,512 and $1,848.
Sourced from federal housing data and AffordableHousingOnline.com research.