Affordable Housing In Wake County
North Carolina

181 Low Income Apartment Communities In Wake County

Elders Peak Senior Apartments

2917 Creech Road
Raleigh, NC
Income Based
1-2 BR
Accepts Vouchers
62+

River Birch at Town Center

2611 Torquay Xing
Raleigh, NC
$721-1,180
1-3 BR
Accepts Vouchers

Walnut Ridge

3400 Hewberry Ln
Raleigh, NC
$911-1,144
2-4 BR
Accepts Vouchers

Shammah Winds Apartments

1407 Sawyer Rd
Raleigh, NC
$525
2 BR
Accepts Vouchers

Eastwood Court

573 E Davie St
Raleigh, NC
Call For Rent
2-4 BR
Family & Senior

Milburnie Road Apartments

901 Sawpit Dr
Raleigh, NC
$570-634
2-3 BR
Accepts Vouchers

West Oaks Apartments

705 Flavion Dr
Raleigh, NC
$550-620
2-3 BR
Accepts Vouchers

Marsh Creek

2410 Brentwood Rd
Raleigh, NC
$353-606
1-3 BR
Accepts Vouchers

Hodges Creek Apartments

2020 Hodges Creek Dr
Raleigh, NC
$590-665
2-3 BR
Accepts Vouchers

The Arbors

2611 Pine Village Rd
Raleigh, NC
$595-680
2-3 BR
Accepts Vouchers

Housing Authorities that serve Wake County

Housing Authority Programs
Housing Authority of the County of Wake Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Public Housing Homeownership; Family Self-Sufficiency
Raleigh Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Wake County

Housing Authority Programs
North Carolina Commission of Indian Affairs Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Wake County, North Carolina

There are 181 low income housing apartment communities offering 10,162 affordable apartments for rent in Wake County, North Carolina.

Income Based Apartments in Wake County, North Carolina

Wake County features 2,827 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 Wake County, North Carolina

There are 7,335 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wake County.

Housing Choice Vouchers in Wake County, North Carolina

On average, Section 8 Housing Choice vouchers pay Wake County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Wake County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Wake County, North Carolina for a two-bedroom apartment is between $1,047 and $1,279.

2020 Wake County, 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
Fair Market Rent $962 $1,022 $1,163 $1,482 $1,895
Payment Standard Range $866 to $1,058 $920 to $1,124 $1,047 to $1,279 $1,334 to $1,630 $1,706 to $2,085

Sourced from federal housing data and AffordableHousingOnline.com research.

Wake County, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 181
Total Low Income Apartments 10,162
Total Housing Units with Rental Assistance 2,827
Percentage of Housing Units Occupied By Renters 35.81%
Average Renter Household Size 2.39
Average Household Size 2.61
Median Household Income $67,309 ±$866
Median Rent $948 ±$6
Percentage Of Renters Overburdened 44.47% ± 1.39pp
Total Population 976,019

Population and Household Demographics

Wake County is a County in North Carolina with a population of 976,019. There are 364,669 households in the county with an average household size of 2.61 persons. 35.81% of households in Wake County are renters.

Income and Rent Overburden in Wake County

The median gross income for households in Wake County is $67,309 a year, or $5,609 a month. The median rent for the county is $948 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wake County, a household making less than $3,160 a month would be considered overburdened when renting an apartment at or above the median rent. 44.47% of households who rent are overburdened in Wake County.1

Area Median Income In Wake County

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.

In Wake County, HUD calculates the Area Median Income for a family of four as $93,100

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 Wake County

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 Wake County HUD Rental Assistance in Wake County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,500 $22,250 $25,050 $27,800 $30,170 $34,590 $39,010 $43,430
50% of Median $32,450 $37,100 $41,750 $46,350 $50,100 $53,800 $57,500 $61,200
80% of Median $51,950 $59,350 $66,750 $74,150 $80,100 $86,050 $91,950 $97,900

Cities In Wake County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Raleigh 134 The HUD funded Public Housing Agencies that serve Raleigh are the Raleigh Housing Authority and Housing Authority of the County of Wake.
Garner 9 The HUD funded Public Housing Agencies that serve Garner are the Housing Authority of the County of Wake and Raleigh Housing Authority.
Wendell 7 The HUD funded Public Housing Agencies that serve Wendell are the Housing Authority of the County of Wake and Raleigh Housing Authority.
Apex 6 The HUD funded Public Housing Agencies that serve Apex are the Housing Authority of the County of Wake and Raleigh Housing Authority.
Holly Springs 6 The HUD funded Public Housing Agencies that serve Holly Springs are the Housing Authority of the County of Wake and Raleigh Housing Authority.
Knightdale 7 The HUD funded Public Housing Agencies that serve Knightdale are the Housing Authority of the County of Wake and Raleigh Housing Authority.
Rolesville 1 The HUD funded Public Housing Agencies that serve Rolesville are the Raleigh Housing Authority and Housing Authority of the County of Wake.
Fuquay Varina 10 The HUD funded Public Housing Agencies that serve Fuquay Varina are the Raleigh Housing Authority and Housing Authority of the County of Wake.
Fuquay-Varina 0 The HUD funded Public Housing Agencies that serve Fuquay-Varina are the Raleigh Housing Authority and Housing Authority of the County of Wake.
Zebulon 4 The HUD funded Public Housing Agencies that serve Zebulon are the Johnston County Housing Assistance Payments Program and Housing Authority of the County of Wake.