Low Income Apartments For Rent in Madison County, NC

Rental assistance programs support 153 low-income homes in Madison County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $249 towards rent each month.

Affordable rent data for some communities last confirmed on June 24th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Madison County, 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
Madison County Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing

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

Madison County, North Carolina Affordable Housing Data

Income Based Apartments in Madison County, North Carolina

Madison County features 153 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 Madison County, North Carolina

There are 34 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Madison County.

Housing Choice Vouchers in Madison County, North Carolina

On average, Section 8 Housing Choice vouchers pay Madison County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Madison County.

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

2024 Madison 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
Madison County, North Carolina Fair Market Rent	$1,428	$1,496	$1,680	$2,160	$2,851
Madison County, North Carolina Payment Standard Range	$1,285 to $1,571	$1,346 to $1,646	$1,512 to $1,848	$1,944 to $2,376	$2,566 to $3,136

Sourced from federal housing data and AffordableHousingOnline.com research.

Madison County, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 6

Total Low Income Apartments 188

Total Housing Units with Rental Assistance 153

Percentage of Housing Units Occupied By Renters 26.65%

Average Renter Household Size 2.31

Average Household Size 2.36

Median Household Income $37,904 ±$3,017

Median Rent $629 ±$25

Percentage Of Renters Overburdened 31.66% ± 7.37pp

Total Population 21,027

Total Affordable Apartment Properties	6
Total Low Income Apartments	188
Total Housing Units with Rental Assistance	153
Percentage of Housing Units Occupied By Renters	26.65%
Average Renter Household Size	2.31
Average Household Size	2.36
Median Household Income	$37,904 ±$3,017
Median Rent	$629 ±$25
Percentage Of Renters Overburdened	31.66% ± 7.37pp
Total Population	21,027

Population and Household Demographics

Madison County is a county in North Carolina with a population of 21,027. There are 8,450 households in the county with an average household size of 2.36 persons. 26.65% of households in Madison County are renters.

Income and Rent Overburden in Madison County

The median gross income for households in Madison County is $37,904 a year, or $3,159 a month. The median rent for the county is $629 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Madison County, a household making less than $2,097 a month would be considered overburdened when renting an apartment at or above the median rent. 31.66% of households who rent are overburdened in Madison County.

Area Median Income In Madison 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 Madison County, HUD calculates the Area Median Income for a family of four as $90,300

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 Madison 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 Madison 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 Madison County AMI may qualify for rental assistance programs that target Extremely Low Income households.	$17,850	$20,400	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Madison County AMI may qualify for rental assistance programs that target Very Low Income households.	$29,750	$34,000	$38,250	$42,500	$45,900	$49,300	$52,700	$56,100
80% AMI Income Limits Renters earning up to 80% of the Madison County AMI may qualify for rental assistance programs that target Low Income households.	$47,600	$54,400	$61,200	$68,000	$73,450	$78,900	$84,350	$89,800