Low Income Apartments For Rent in Clyde, NC

Rental assistance programs support 28 low-income homes in Clyde where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $273 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.

Public Housing Agencies Serving Clyde, 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.

Housing Authority	Programs
Mountain Projects Inc.	Section 8 Housing Choice Voucher (HCV)

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

Clyde, North Carolina Affordable Housing Data

Income Based Apartments in Clyde, North Carolina

Clyde features 28 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 Clyde, North Carolina

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Clyde.

Housing Choice Vouchers in Clyde, North Carolina

On average, Section 8 Housing Choice vouchers pay Clyde landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Clyde.

The maximum amount a voucher would pay on behalf of a low-income tenant in Clyde, North Carolina for a two-bedroom apartment is between $1,113 and $1,361.

2024 Clyde, 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
Clyde, North Carolina Fair Market Rent	$1,068	$1,102	$1,237	$1,496	$1,692
Clyde, North Carolina Payment Standard Range	$961 to $1,175	$992 to $1,212	$1,113 to $1,361	$1,346 to $1,646	$1,523 to $1,861

Sourced from federal housing data and AffordableHousingOnline.com research.

Clyde, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 7

Total Low Income Apartments 55

Total Housing Units with Rental Assistance 28

Percentage of Housing Units Occupied By Renters 35.19%

Average Renter Household Size 1.78

Average Household Size 2.28

Median Household Income $39,357 ±$8,203

Median Rent $662 ±$61

Percentage Of Renters Overburdened 66.83% ± 18.81pp

Total Population 1,311

Total Affordable Apartment Properties	7
Total Low Income Apartments	55
Total Housing Units with Rental Assistance	28
Percentage of Housing Units Occupied By Renters	35.19%
Average Renter Household Size	1.78
Average Household Size	2.28
Median Household Income	$39,357 ±$8,203
Median Rent	$662 ±$61
Percentage Of Renters Overburdened	66.83% ± 18.81pp
Total Population	1,311

Population and Household Demographics

Clyde is a city in Haywood County, North Carolina with a population of 1,311. There are 574 households in the city with an average household size of 2.28 persons. 35.19% of households in Clyde are renters.

Income and Rent Overburden in Clyde

The median gross income for households in Clyde is $39,357 a year, or $3,280 a month. The median rent for the city is $662 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Clyde, a household making less than $2,207 a month would be considered overburdened when renting an apartment at or above the median rent. 66.83% of households who rent are overburdened in Clyde.

Area Median Income In Clyde

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Clyde, the AMI is calculated from all households within Haywood County.

In Clyde, HUD calculates the Area Median Income for a family of four as $77,100

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 Clyde

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 Clyde

	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 Clyde AMI may qualify for rental assistance programs that target Extremely Low Income households.	$15,750	$19,720	$24,860	$30,000	$35,140	$40,280	$45,420	$49,500
50% AMI Income Limits Renters earning up to 50% of the Clyde AMI may qualify for rental assistance programs that target Very Low Income households.	$26,250	$30,000	$33,750	$37,500	$40,500	$43,500	$46,500	$49,500
80% AMI Income Limits Renters earning up to 80% of the Clyde AMI may qualify for rental assistance programs that target Low Income households.	$42,000	$48,000	$54,000	$60,000	$64,800	$69,600	$74,400	$79,200