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

Holly Ridge Apartments

440 Holly St
Vass, North Carolina
Rent Assisted
S. 515 Rural
Showing Results 1-15
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There are 0 low-income apartments in Vass that offer reduced rents to eligible households.

Rental assistance programs support 16 low-income homes in Vass where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

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

Vass, North Carolina Affordable Housing Data

Income Based Apartments in Vass, North Carolina

Vass features 16 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 Vass, North Carolina

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Vass.

Housing Choice Vouchers in Vass, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Vass, North Carolina for a two-bedroom apartment is between $822 and $1,004.

2023 Vass, 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
Vass, North Carolina Fair Market Rent $774 $808 $913 $1,276 $1,555
Vass, North Carolina Payment Standard Range $697 to $851 $727 to $889 $822 to $1,004 $1,148 to $1,404 $1,400 to $1,711

Sourced from federal housing data and AffordableHousingOnline.com research.

Vass, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 16
Total Housing Units with Rental Assistance 16
Percentage of Housing Units Occupied By Renters 30.4%
Average Renter Household Size 2.10
Average Household Size 2.33
Median Household Income $26,354 ±$6,344
Median Rent $696 ±$87
Percentage Of Renters Overburdened 32.53% ± 26.52pp
Total Population 637

Population and Household Demographics

Vass is a city in Moore County, North Carolina with a population of 637. There are 273 households in the city with an average household size of 2.33 persons. 30.4% of households in Vass are renters.

Income and Rent Overburden in Vass

The median gross income for households in Vass is $26,354 a year, or $2,196 a month. The median rent for the city is $696 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Vass, a household making less than $2,320 a month would be considered overburdened when renting an apartment at or above the median rent. 32.53% of households who rent are overburdened in Vass.

Area Median Income In Vass

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 Vass, the AMI is calculated from all households within Moore County.

In Vass, HUD calculates the Area Median Income for a family of four as $98,900

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 Vass

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 Vass

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30% AMI Income Limits
Renters earning up to 30% of the Vass AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,050 $21,750 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Vass AMI may qualify for rental assistance programs that target Very Low Income households.
$31,700 $36,200 $40,750 $45,250 $48,900 $52,500 $56,150 $59,750
80% AMI Income Limits
Renters earning up to 80% of the Vass AMI may qualify for rental assistance programs that target Low Income households.
$50,700 $57,950 $65,200 $72,400 $78,200 $84,000 $89,800 $95,600