Cac of Carteret Co.
Beaufort Manor Apartments - Phase II
There are 536 low-income apartments in Carteret County that offer reduced rents to eligible households. Low-income rents in Carteret County, North Carolina can range from $745 to $869 depending on the number of bedrooms.
Rental assistance programs support 668 low-income homes in Carteret County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $321 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Carteret County, North Carolina Affordable Housing Data
Income Based Apartments in Carteret County, North Carolina
Carteret County features 668 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 Carteret County, North Carolina
There are 536 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Carteret County.
Housing Choice Vouchers in Carteret County, North Carolina
On average, Section 8 Housing Choice vouchers pay Carteret County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Carteret County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Carteret County, North Carolina for a two-bedroom apartment is between $977 and $1,194.
2024 Carteret 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 | |
|---|---|---|---|---|---|
| Carteret County, North Carolina Fair Market Rent | $820 | $826 | $1,085 | $1,454 | $1,812 |
| Carteret County, North Carolina Payment Standard Range | $738 to $902 | $743 to $909 | $977 to $1,194 | $1,309 to $1,599 | $1,631 to $1,993 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Carteret County, NC Affordable Housing Snapshot
| Total Affordable Apartment Properties | 30 |
|---|---|
| Total Low Income Apartments | 1,210 |
| Total Housing Units with Rental Assistance | 668 |
| Percentage of Housing Units Occupied By Renters | 28.87% |
| Average Renter Household Size | 2.25 |
| Average Household Size | 2.27 |
| Median Household Income | $48,457 ±$1,644 |
| Median Rent | $794 ±$23 |
| Percentage Of Renters Overburdened | 42.06% ± 3.7pp |
| Total Population | 68,228 |
Population and Household Demographics
Carteret County is a county in North Carolina with a population of 68,228. There are 29,565 households in the county with an average household size of 2.27 persons. 28.87% of households in Carteret County are renters.
Income and Rent Overburden in Carteret County
The median gross income for households in Carteret County is $48,457 a year, or $4,038 a month. The median rent for the county is $794 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Carteret County, a household making less than $2,647 a month would be considered overburdened when renting an apartment at or above the median rent. 42.06% of households who rent are overburdened in Carteret County.
Area Median Income In Carteret 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 Carteret County, HUD calculates the Area Median Income for a family of four as $80,600
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 Carteret 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 HUD Rental Assistance in Carteret County
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Carteret County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$16,950 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Carteret County AMI may qualify for rental assistance programs that target Very Low Income households. |
$28,250 | $32,250 | $36,300 | $40,300 | $43,550 | $46,750 | $50,000 | $53,200 |
| 80% AMI Income Limits Renters earning up to 80% of the Carteret County AMI may qualify for rental assistance programs that target Low Income households. |
$45,150 | $51,600 | $58,050 | $64,500 | $69,700 | $74,850 | $80,000 | $85,150 |
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