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There are 0 low-income apartments in Piney Green that offer reduced rents to eligible households.
Rental assistance programs support 0 low-income homes in Piney Green where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $281 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.
Piney Green, North Carolina Affordable Housing Data
Income Based Apartments in Piney Green, North Carolina
Piney Green 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 Piney Green, North Carolina
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Piney Green.
Housing Choice Vouchers in Piney Green, North Carolina
On average, Section 8 Housing Choice vouchers pay Piney Green landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Piney Green.
The maximum amount a voucher would pay on behalf of a low-income tenant in Piney Green, North Carolina for a two-bedroom apartment is between $1,147 and $1,401.
2024 Piney Green, 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 | |
|---|---|---|---|---|---|
| Piney Green, North Carolina Fair Market Rent | $904 | $1,030 | $1,274 | $1,795 | $2,162 |
| Piney Green, North Carolina Payment Standard Range | $814 to $994 | $927 to $1,133 | $1,147 to $1,401 | $1,616 to $1,975 | $1,946 to $2,378 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Piney Green, NC Affordable Housing Snapshot
| Total Affordable Apartment Properties | 5 |
|---|---|
| Total Low Income Apartments | 5 |
| Total Housing Units with Rental Assistance | 0 |
| Percentage of Housing Units Occupied By Renters | 49.37% |
| Average Renter Household Size | 2.79 |
| Average Household Size | 2.85 |
| Median Household Income | $41,426 ±$2,424 |
| Median Rent | $857 ±$98 |
| Percentage Of Renters Overburdened | 39.05% ± 9.1pp |
| Total Population | 13,738 |
Population and Household Demographics
Piney Green is a city in Onslow County, North Carolina with a population of 13,738. There are 4,809 households in the city with an average household size of 2.85 persons. 49.37% of households in Piney Green are renters.
Income and Rent Overburden in Piney Green
The median gross income for households in Piney Green is $41,426 a year, or $3,452 a month. The median rent for the city is $857 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Piney Green, a household making less than $2,857 a month would be considered overburdened when renting an apartment at or above the median rent. 39.05% of households who rent are overburdened in Piney Green.
Area Median Income In Piney Green
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 Piney Green, the AMI is calculated from all households within Onslow County.
In Piney Green, HUD calculates the Area Median Income for a family of four as $71,600
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 Piney Green
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 Piney Green
| 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 Piney Green AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$14,800 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $43,600 | $46,400 |
| 50% AMI Income Limits Renters earning up to 50% of the Piney Green AMI may qualify for rental assistance programs that target Very Low Income households. |
$24,650 | $28,150 | $31,650 | $35,150 | $38,000 | $40,800 | $43,600 | $46,400 |
| 80% AMI Income Limits Renters earning up to 80% of the Piney Green AMI may qualify for rental assistance programs that target Low Income households. |
$39,350 | $45,000 | $50,600 | $56,200 | $60,700 | $65,200 | $69,700 | $74,200 |
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