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

Discover affordable housing in Vance County where there are 65+ 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.

Garden Gate Villas

672 Vicksboro Rd., Henderson, North Carolina 27537

Springwood Apartments

623 McBorn St, Henderson, North Carolina 27536

Cedar Hurst Apartments

720 Highland Ave, Henderson, North Carolina 27536

Carey Chapel Village

15 Ashmont Lane , Henderson, North Carolina 27537

Highland Green Apartments

111 S Pinkston St, Henderson, North Carolina 27536

Oklawaha Village

17 Perkins Place, Henderson, North Carolina 28792

Signal Ridge Apartments

34 Signal Court Road, Henderson, North Carolina 28792

Wickford Apartments

250 S Beckford Drive, Henderson, North Carolina 27536

Quail Ridge Apartments

1409 Quail Run, Henderson, North Carolina 27536

Garden Walk Villas

100 Garden Walk Dr, Henderson, North Carolina 27536

Courtyard Apartments II

600 S Cooper Dr, Henderson, North Carolina 27536

Long Creek Court

1001 Long Creek Ct, Kittrell, North Carolina 27544

Lulas Landing

222 Parkview Dr E, Henderson, North Carolina 27536

Heritage Homes Apartments

351 Keene Street, Henderson, North Carolina 27536

Oak Hill Apartments

820 Coble Blvd, Henderson, North Carolina 27536

North Henderson Heights

550 West Andrews Ave, Henderson, North Carolina 27536

Hillcrest Apartments

271 S Beckford Dr, Henderson, North Carolina 27536

Courtyard Apartments

500 S Cooper Dr, Henderson, North Carolina 27536

St. Charles Place Apartments

201 Pleasant Way, Henderson, North Carolina 27536

Springwood Apartments

605 High St, Henderson, North Carolina 27536

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Vance County, North Carolina
$17.22/hour
$9.97 (+137%) more than North Carolina minimum wage and $9.97 (+137%) more than the Federal minimum wage.
Learn More About Vance County, North Carolina Affordable Housing ↓

What HUD offices serve Vance County, 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 Vance County, North Carolina.

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

How many renters live in Vance County, North Carolina?

The County of Vance County has 42,492 people living in 16,123 households.

There are 16,660 renters living in 6,605 renter households in this County. Renters make up 39.21 percent of the population living in Vance County.

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

There are an estimated 19,392 housing units in the Vance County area. Of these, 6,818 units are rental homes, making up 35 percent of the housing market. For every renter household in Vance County, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Vance County?

The rental vacancy rate in Vance County is 2 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 Vance County for each bedroom size?

Occupied Rental Units by Size in Vance County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
60 845 2,928 2,308 416
Occupied Rental Units by Size in Vance County

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

Among renter households in this market, 45 percent have housing cost burden. Further, 22 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 Vance County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $707 to $1,319. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $707
One BR $712
Two BR $909
Three BR $1,125
Four BR $1,319
2024 Fair Market Rents in Vance County, North Carolina

How many units are rented at Fair Market Rent (FMR) in Vance 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 28 47 percent
One BR 591 70 percent
Two BR 1,742 59 percent
Rental Units Below FMR in Vance County, North Carolina

How many affordable rental units are in Vance County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 1,036
Public Housing 75
Section 8 Project-Based Rental Assistance 373
Section 202 Supportive Housing for the Elderly 31
USDA Section 515 Rural Rental Housing 455
Tracked Units by Federal Program in Vance County, North Carolina

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

Income Based Apartments in Vance County, North Carolina

Vance County features 718 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 Vance County, North Carolina

There are 750 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Vance County.

Housing Choice Vouchers in Vance County, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Vance County, North Carolina for a two-bedroom apartment is between $818 and $1,000.

Sourced from federal housing data and AffordableHousingOnline.com research.