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

Arc Hds New View Apartments

120 Carson St
Tryon, North Carolina
S. 202

Viewmont Apartments

974 Hooper Creek Rd
Tryon, North Carolina

Arc Hds Polk County Group Home

7 Mimosa Ln
Tryon, North Carolina
S. 202
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There are 0 low-income apartments in Tryon that offer reduced rents to eligible households.

Rental assistance programs support 26 low-income homes in Tryon where households pay rent based on how much they earn.

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

Public Housing Agencies Serving 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.

Housing Authority Programs
Isothermal Planning and Development Commission Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Veteran Affairs Supportive Housing (VASH)
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Tryon.

Tryon, North Carolina Affordable Housing Data

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 $832 and $1,016.

2023 Tryon, 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
Tryon, North Carolina Fair Market Rent $757 $762 $924 $1,125 $1,345
Tryon, North Carolina Payment Standard Range $681 to $833 $686 to $838 $832 to $1,016 $1,013 to $1,238 $1,211 to $1,480

Sourced from federal housing data and AffordableHousingOnline.com research.

Tryon, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 26
Total Housing Units with Rental Assistance 26
Percentage of Housing Units Occupied By Renters 39.27%
Average Renter Household Size 1.59
Average Household Size 1.80
Median Household Income $35,972 ±$14,463
Median Rent $790 ±$109
Percentage Of Renters Overburdened 55.22% ± 17.44pp
Total Population 1,624

Population and Household Demographics

Tryon is a city in Polk County, North Carolina with a population of 1,624. There are 853 households in the city with an average household size of 1.80 persons. 39.27% of households in Tryon are renters.

Income and Rent Overburden in Tryon

The median gross income for households in Tryon is $35,972 a year, or $2,998 a month. The median rent for the city is $790 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Tryon, a household making less than $2,633 a month would be considered overburdened when renting an apartment at or above the median rent. 55.22% of households who rent are overburdened in Tryon.

Area Median Income In Tryon

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 Tryon, the AMI is calculated from all households within Polk County.

In Tryon, HUD calculates the Area Median Income for a family of four as $80,500

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 Tryon

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 Tryon

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 Tryon AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,900 $19,720 $24,860 $30,000 $35,140 $40,280 $43,900 $46,750
50% AMI Income Limits
Renters earning up to 50% of the Tryon AMI may qualify for rental assistance programs that target Very Low Income households.
$24,800 $28,350 $31,900 $35,400 $38,250 $41,100 $43,900 $46,750
80% AMI Income Limits
Renters earning up to 80% of the Tryon AMI may qualify for rental assistance programs that target Low Income households.
$39,700 $45,350 $51,000 $56,650 $61,200 $65,750 $70,250 $74,800