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

Discover affordable housing in Woodfin where there are 2+ 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.

15 Church Rd Unit A

15 Church Rd, Woodfin, North Carolina 28804

bed 3
payment $1650/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

Northpoint Commons

Reynolds Mountain Blvd, Woodfin, North Carolina 28804

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Woodfin, North Carolina

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Woodfin, North Carolina
$31.82/hour
$24.57 (+339%) more than North Carolina minimum wage and $24.57 (+339%) more than the Federal minimum wage.
Learn More About Woodfin, North Carolina Affordable Housing ↓

How many renters live in Woodfin, North Carolina?

The City of Woodfin has people living in households.

There are renters living in renter households in this City. Renters make up 40.12 percent of the population living in Woodfin.

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

There are an estimated housing units in the Woodfin area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Woodfin, North Carolina, there are 1.15 rental units.

What is the vacancy rate for rentals in Woodfin?

The rental vacancy rate in Woodfin is 12 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 Woodfin for each bedroom size?

Occupied Rental Units by Size in Woodfin
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
79 274 879 129 24
Occupied Rental Units by Size in Woodfin

A large number of apartments in Woodfin have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Woodfin

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,428 to $2,851. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,428
One BR $1,496
Two BR $1,680
Three BR $2,160
Four BR $2,851
2024 Fair Market Rents in Woodfin, North Carolina

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

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 27 34 percent
One BR 272 99 percent
Two BR 576 66 percent
Rental Units Below FMR in Woodfin, North Carolina

How many affordable rental units are in Woodfin?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Tracked Units by Federal Program in Woodfin, North Carolina

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

Income Based Apartments in Woodfin, North Carolina

Woodfin features 0 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 Woodfin, North Carolina

There are 39 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Woodfin.

Housing Choice Vouchers in Woodfin, North Carolina

On average, Section 8 Housing Choice vouchers pay Woodfin landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Woodfin.

The maximum amount a voucher would pay on behalf of a low-income tenant in Woodfin, North Carolina for a two-bedroom apartment is between $1,512 and $1,848.

Sourced from federal housing data and AffordableHousingOnline.com research.