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

Discover affordable housing in Wingate where there are 5+ 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.

Manor Ridge Apartments

209 South Main Street, Wingate, North Carolina 28174

Wingate Manor

205 S Main St, Wingate, North Carolina 28174

Gatewood Village

226 S Main St, Wingate, North Carolina 28174

Arc Hds Union County Group Home 1

210 S Stewart St, Wingate, North Carolina 28174

Arc Hds Union County Group Home 2

2723 Bobwhite Cir, Wingate, North Carolina 28174

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wingate, North Carolina
$29.43/hour
$22.18 (+306%) more than North Carolina minimum wage and $22.18 (+306%) more than the Federal minimum wage.
Learn More About Wingate, North Carolina Affordable Housing ↓

How many renters live in Wingate, North Carolina?

The City of Wingate has 4,061 people living in 904 households.

There are 887 renters living in 300 renter households in this City. Renters make up 21.84 percent of the population living in Wingate.

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

There are an estimated 1,016 housing units in the Wingate area. Of these, 336 units are rental homes, making up 33 percent of the housing market. For every renter household in Wingate, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Wingate?

The rental vacancy rate in Wingate is 11 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 Wingate for each bedroom size?

Occupied Rental Units by Size in Wingate
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
10 17 126 100 47
Occupied Rental Units by Size in Wingate

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

Among renter households in this market, 49 percent have housing cost burden. Further, 38 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 Wingate

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,347 to $2,481. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,347
One BR $1,384
Two BR $1,554
Three BR $1,936
Four BR $2,481
2024 Fair Market Rents in Wingate, North Carolina

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

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 10 100 percent
One BR 17 100 percent
Two BR 126 100 percent
Rental Units Below FMR in Wingate, North Carolina

How many affordable rental units are in Wingate?

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

Federal Program Unit Count
Low Income Housing Tax Credit 80
Section 8 Project-Based Rental Assistance 43
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Wingate, North Carolina

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

Income Based Apartments in Wingate, North Carolina

Wingate features 101 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 Wingate, North Carolina

There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wingate.

Housing Choice Vouchers in Wingate, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Wingate, North Carolina for a two-bedroom apartment is between $1,399 and $1,709.

Sourced from federal housing data and AffordableHousingOnline.com research.