. Low Income Apartments For Rent in Swansboro, North Carolina - Affordable Housing Online

East Park Apartments

61 Taylor Terrace
Swansboro, North Carolina
Rent Assisted
S. 515 Rural

White Oak Manor Apartments

41 Manor Ln
Swansboro, North Carolina
Rent Assisted

Swansboro Hill Apartments

400 S Glancy St
Swansboro, North Carolina
S. 223

Arc Hds Onslow County Group Home 2

413 S Glancy St
Swansboro, North Carolina
S. 202
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There are 40 low-income apartments in Swansboro that offer reduced rents to eligible households.

Rental assistance programs support 94 low-income homes in Swansboro where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Swansboro, North Carolina Affordable Housing Data

Income Based Apartments in Swansboro, North Carolina

Swansboro features 94 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 Swansboro, North Carolina

There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Swansboro.

Housing Choice Vouchers in Swansboro, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Swansboro, North Carolina for a two-bedroom apartment is between $856 and $1,046.

2023 Swansboro, 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
Swansboro, North Carolina Fair Market Rent $667 $798 $951 $1,352 $1,620
Swansboro, North Carolina Payment Standard Range $600 to $734 $718 to $878 $856 to $1,046 $1,217 to $1,487 $1,458 to $1,782

Sourced from federal housing data and AffordableHousingOnline.com research.

Swansboro, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 134
Total Housing Units with Rental Assistance 94
Percentage of Housing Units Occupied By Renters 37.51%
Average Renter Household Size 2.70
Average Household Size 2.43
Median Household Income $43,422 ±$7,467
Median Rent $899 ±$117
Percentage Of Renters Overburdened 47.69% ± 14.72pp
Total Population 2,956

Population and Household Demographics

Swansboro is a city in Onslow County, North Carolina with a population of 2,956. There are 1,213 households in the city with an average household size of 2.43 persons. 37.51% of households in Swansboro are renters.

Income and Rent Overburden in Swansboro

The median gross income for households in Swansboro is $43,422 a year, or $3,619 a month. The median rent for the city is $899 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Swansboro, a household making less than $2,997 a month would be considered overburdened when renting an apartment at or above the median rent. 47.69% of households who rent are overburdened in Swansboro.

Area Median Income In Swansboro

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Swansboro, the AMI is calculated from all households within Onslow County.

In Swansboro, HUD calculates the Area Median Income for a family of four as $71,600

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 Swansboro

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 Swansboro

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 Swansboro AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,800 $19,720 $24,860 $30,000 $35,140 $40,280 $43,600 $46,400
50% AMI Income Limits
Renters earning up to 50% of the Swansboro AMI may qualify for rental assistance programs that target Very Low Income households.
$24,650 $28,150 $31,650 $35,150 $38,000 $40,800 $43,600 $46,400
80% AMI Income Limits
Renters earning up to 80% of the Swansboro AMI may qualify for rental assistance programs that target Low Income households.
$39,350 $45,000 $50,600 $56,200 $60,700 $65,200 $69,700 $74,200