What HUD offices serve Tryon, 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.
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Tryon.
How many renters live in Tryon, North Carolina?
The City of Tryon has 1,516 people living in 855 households.
There are 476 renters living in 358 renter households in this City. Renters make up 31.4 percent of the population living in Tryon.
What is the rental market like in Tryon, North Carolina?
There are an estimated 959 housing units in the Tryon area. Of these, 358 units are rental homes, making up 37 percent of the housing market. For every renter household in Tryon, North Carolina, there are 1 rental units.
What is the vacancy rate for rentals in Tryon?
The rental vacancy rate in Tryon 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 Tryon for each bedroom size?
Occupied Rental Units by Size in Tryon
Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
---|---|---|---|---|
4 | 106 | 123 | 104 | 21 |
Occupied Rental Units by Size in Tryon
A large number of apartments in Tryon 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 Tryon are overburdened by housing costs?
Among renter households in this market, 31 percent have housing cost burden. Further, 18 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 Tryon
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $787 to $1,586. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size | 2024 Fair Market Rents |
Studio | $787 |
One BR | $792 |
Two BR | $1,004 |
Three BR | $1,214 |
Four BR | $1,586 |
2024 Fair Market Rents in Tryon, North Carolina
How many units are rented at Fair Market Rent (FMR) in Tryon?
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 | 4 | 100 percent |
One BR | 29 | 27 percent |
Two BR | 22 | 18 percent |
Rental Units Below FMR in Tryon, North Carolina
How many affordable rental units are in Tryon?
There are a variety of federal affordable housing programs serving households in Tryon, North Carolina including the following:
Federal Program | Unit Count |
Section 8 Project-Based Rental Assistance | 15 |
Tracked Units by Federal Program in Tryon, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Tryon, North Carolina
Tryon features 26 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 Tryon, North Carolina
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tryon.
Housing Choice Vouchers in Tryon, North Carolina
On average, Section 8 Housing Choice vouchers pay Tryon landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Tryon.
The maximum amount a voucher would pay on behalf of a low-income tenant in Tryon, North Carolina for a two-bedroom apartment is between $904 and $1,104.
Sourced from federal housing data and AffordableHousingOnline.com research.