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

Discover affordable housing in Transylvania County where there are 12+ 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.

Cottages at Brevard

15 Pender Lane, Brevard, North Carolina 28712

Cedar Hill Apartments

120 Hospital Dr, Brevard, North Carolina 28712

Laurel Village

21 E Laurel Court, Brevard, North Carolina 28712

Mountain Glen Apartments

88 Mountain Glen Drive, Brevard, North Carolina 28712

Broad River Terrace

51 Kimzey Circle, Brevard, North Carolina 28712

Laurel Village Apartments

21 E Laurel Ct, Brevard, North Carolina 28712

Balsam Grove Apartments

PO Box 1726, Brevard, North Carolina 28712

Excelsior Apartments

58 Excelsior Drive, Brevard, North Carolina 28712

English Hills

15 Locks Dr, Brevard, North Carolina 28712

WCCA - English House

Locks Dr, Brevard, North Carolina 28712

Balsam Beech Cedar Crest

520 Whitmire St, Brevard, North Carolina 28712

North Carolina Dept. Comm

Ecusta Rd, Brevard, North Carolina 28712

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Transylvania County, North Carolina
$21.36/hour
$14.11 (+195%) more than North Carolina minimum wage and $14.11 (+195%) more than the Federal minimum wage.
Learn More About Transylvania County, North Carolina Affordable Housing ↓

How many renters live in Transylvania County, North Carolina?

The County of Transylvania County has 33,131 people living in 14,353 households.

There are 7,232 renters living in 3,426 renter households in this County. Renters make up 21.83 percent of the population living in Transylvania County.

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

There are an estimated 19,072 housing units in the Transylvania County area. Of these, 3,517 units are rental homes, making up 18 percent of the housing market. For every renter household in Transylvania County, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Transylvania County?

The rental vacancy rate in Transylvania County is 3 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 Transylvania County for each bedroom size?

Occupied Rental Units by Size in Transylvania County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
239 424 1,393 1,257 105
Occupied Rental Units by Size in Transylvania County

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

Among renter households in this market, 39 percent have housing cost burden. Further, 26 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 Transylvania County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $853 to $1,738. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $853
One BR $858
Two BR $1,128
Three BR $1,364
Four BR $1,738
2024 Fair Market Rents in Transylvania County, North Carolina

How many units are rented at Fair Market Rent (FMR) in Transylvania 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 88 37 percent
One BR 326 77 percent
Two BR 993 71 percent
Rental Units Below FMR in Transylvania County, North Carolina

How many affordable rental units are in Transylvania County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 288
Public Housing 163
Section 8 Project-Based Rental Assistance 40
USDA Section 515 Rural Rental Housing 158
Tracked Units by Federal Program in Transylvania County, North Carolina

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

Income Based Apartments in Transylvania County, North Carolina

Transylvania County features 361 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 Transylvania County, North Carolina

There are 175 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Transylvania County.

Housing Choice Vouchers in Transylvania County, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Transylvania County, North Carolina for a two-bedroom apartment is between $1,015 and $1,241.

Sourced from federal housing data and AffordableHousingOnline.com research.