What HUD offices serve Charlotte, Tennessee?
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.
Go to the Tennessee Public Housing and Low-Income Apartments Waiting Lists page for openings near Charlotte.
How many renters live in Charlotte, Tennessee?
The City of Charlotte has 1,997 people living in 580 households.
There are 202 renters living in 107 renter households in this City. Renters make up 10.12 percent of the population living in Charlotte.
What is the rental market like in Charlotte, Tennessee?
There are an estimated 699 housing units in the Charlotte area. Of these, 131 units are rental homes, making up 19 percent of the housing market. For every renter household in Charlotte, Tennessee, there are 1 rental units.
What is the vacancy rate for rentals in Charlotte?
The rental vacancy rate in Charlotte is 9 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 Charlotte for each bedroom size?
Occupied Rental Units by Size in Charlotte
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 14 | 51 | 31 | 11 |
Occupied Rental Units by Size in Charlotte
A large number of apartments in Charlotte 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 Charlotte are overburdened by housing costs?
Among renter households in this market, 22 percent have housing cost burden. Further, 11 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 Charlotte
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,404 to $2,482. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,404 |
| One BR | $1,442 |
| Two BR | $1,619 |
| Three BR | $2,035 |
| Four BR | $2,482 |
2024 Fair Market Rents in Charlotte, Tennessee
How many units are rented at Fair Market Rent (FMR) in Charlotte?
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 |
| One BR | 14 | 100 percent |
| Two BR | 51 | 100 percent |
Rental Units Below FMR in Charlotte, Tennessee
How many affordable rental units are in Charlotte?
Income Based Apartments in Charlotte, Tennessee
Charlotte 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 Charlotte, Tennessee
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Charlotte.
Housing Choice Vouchers in Charlotte, Tennessee
On average, Section 8 Housing Choice vouchers pay Charlotte landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Charlotte.
The maximum amount a voucher would pay on behalf of a low-income tenant in Charlotte, Tennessee for a two-bedroom apartment is between $1,457 and $1,781.
Sourced from federal housing data and AffordableHousingOnline.com research.
