Low Income Apartments and Affordable Housing For Rent in Valdese, NC

Discover affordable housing in Valdese where there are 6+ 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.

High Meadows Apartments

2400 Mourglea Ave SE, Valdese, North Carolina 28690

Blue Ridge Apartments

903 Pineburr Ave SE, Valdese, North Carolina 28690

Valdese Village Apartments

1120 Refour Ave SE, Valdese, North Carolina 28690

Agape Retirement Home, Inc

212 Church St NW, Valdese, North Carolina 28690

Pine Crossing Apartments

605 Pineburr Avenue SW, Valdese, North Carolina 28690

Falls Road Terrace Praley Heights

511 Rora Ave SW, Valdese, North Carolina 28690

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Valdese, North Carolina
$19.20/hour
$11.95 (+165%) more than North Carolina minimum wage and $11.95 (+165%) more than the Federal minimum wage.
Learn More About Valdese, North Carolina Affordable Housing ↓

What HUD offices serve Valdese, 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.

Operates the Public Housing programs for Valdese, North Carolina.
Operates the Section 8 Housing Choice Voucher (HCV), Family Self-Sufficiency, Homeownership, Family Unification Program (FUP) programs for Valdese, North Carolina.

Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Valdese.

How many renters live in Valdese, North Carolina?

The City of Valdese has 4,682 people living in 1,955 households.

There are 855 renters living in 483 renter households in this City. Renters make up 18.26 percent of the population living in Valdese.

What is the rental market like in Valdese, North Carolina?

There are an estimated 2,116 housing units in the Valdese area. Of these, 539 units are rental homes, making up 25 percent of the housing market. For every renter household in Valdese, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Valdese?

The rental vacancy rate in Valdese is 10 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 Valdese for each bedroom size?

Occupied Rental Units by Size in Valdese
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 147 175 151 10
Occupied Rental Units by Size in Valdese

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

Among renter households in this market, 26 percent have housing cost burden. Further, 13 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 Valdese

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $806 to $1,506. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $806
One BR $834
Two BR $1,014
Three BR $1,314
Four BR $1,506
2024 Fair Market Rents in Valdese, North Carolina

How many units are rented at Fair Market Rent (FMR) in Valdese?

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 120 82 percent
Two BR 141 81 percent
Rental Units Below FMR in Valdese, North Carolina

How many affordable rental units are in Valdese?

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

Federal Program Unit Count
Low Income Housing Tax Credit 34
Public Housing 120
Section 8 Project-Based Rental Assistance 64
USDA Section 515 Rural Rental Housing 120
Tracked Units by Federal Program in Valdese, North Carolina

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

Income Based Apartments in Valdese, North Carolina

Valdese features 271 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 Valdese, North Carolina

There are 66 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Valdese.

Housing Choice Vouchers in Valdese, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Valdese, North Carolina for a two-bedroom apartment is between $913 and $1,115.

Sourced from federal housing data and AffordableHousingOnline.com research.