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

Discover affordable housing in Yanceyville 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.

Suncrest Apartments

PO Box 809, Yanceyville, North Carolina 27379

Meadowview Apartments

1369 NC Highway 86 N, Yanceyville, North Carolina 27379

Old Farm Apartments

583 Main St, Yanceyville, North Carolina 27379

Arc Hds Caswell County Gh 2

164 7th St, Yanceyville, North Carolina 27379

Sunvale Apartments

275 Seventh Street, Yanceyville, North Carolina

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Yanceyville, North Carolina
$16.21/hour
$8.96 (+124%) more than North Carolina minimum wage and $8.96 (+124%) more than the Federal minimum wage.
Learn More About Yanceyville, North Carolina Affordable Housing ↓

What HUD offices serve Yanceyville, 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 Section 8 Housing Choice Voucher (HCV) programs for Yanceyville, North Carolina.

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

How many renters live in Yanceyville, North Carolina?

The City of Yanceyville has 2,576 people living in 994 households.

There are 1,284 renters living in 630 renter households in this City. Renters make up 49.84 percent of the population living in Yanceyville.

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

There are an estimated 1,109 housing units in the Yanceyville area. Of these, 654 units are rental homes, making up 59 percent of the housing market. For every renter household in Yanceyville, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Yanceyville?

The rental vacancy rate in Yanceyville 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 Yanceyville for each bedroom size?

Occupied Rental Units by Size in Yanceyville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
10 183 231 181 25
Occupied Rental Units by Size in Yanceyville

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

Among renter households in this market, 49 percent have housing cost burden. Further, 17 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 Yanceyville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $713 to $1,305. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $713
One BR $759
Two BR $856
Three BR $1,206
Four BR $1,305
2024 Fair Market Rents in Yanceyville, North Carolina

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

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 0 100 percent
One BR 183 100 percent
Two BR 189 82 percent
Rental Units Below FMR in Yanceyville, North Carolina

How many affordable rental units are in Yanceyville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 40
Section 8 Project-Based Rental Assistance 124
USDA Section 515 Rural Rental Housing 84
Tracked Units by Federal Program in Yanceyville, North Carolina

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

Income Based Apartments in Yanceyville, North Carolina

Yanceyville features 201 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 Yanceyville, North Carolina

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

Housing Choice Vouchers in Yanceyville, North Carolina

On average, Section 8 Housing Choice vouchers pay Yanceyville landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Yanceyville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Yanceyville, North Carolina for a two-bedroom apartment is between $770 and $942.

Sourced from federal housing data and AffordableHousingOnline.com research.