Whitford Place Apartments
Alder's Point Senior Apartments
Willows Peake
Arbor Oaks
St Peters Heritage Place
Spring Hill Apartments
Cherry Hill
Salem Crest Apartments
Bethabara Pointe
Azalea Terrace
Aster Park Apartments
Rolling Hills Apartments
Vespers Apartments
Salem Gardens Apartments
Pine Valley Apartments
There are 2,145 low-income apartments in Winston Salem that offer reduced rents to eligible households. Low-income rents in Winston Salem, North Carolina can range from $595 to $705 depending on the number of bedrooms.
Rental assistance programs support 3,077 low-income homes in Winston Salem where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $306 towards rent each month.
Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Winston Salem, 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 |
|---|---|
| Housing Authority of Winston-Salem | Section 8 Housing Choice Voucher (HCV); Public Housing |
Winston Salem, North Carolina Affordable Housing Data
Income Based Apartments in Winston Salem, North Carolina
Winston Salem features 3,077 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 Winston Salem, North Carolina
There are 2,145 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Winston Salem.
Housing Choice Vouchers in Winston Salem, North Carolina
On average, Section 8 Housing Choice vouchers pay Winston Salem landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Winston Salem.
The maximum amount a voucher would pay on behalf of a low-income tenant in Winston Salem, North Carolina for a two-bedroom apartment is between $999 and $1,221.
2024 Winston Salem, 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 | |
|---|---|---|---|---|---|
| Winston Salem, North Carolina Fair Market Rent | $897 | $936 | $1,110 | $1,452 | $1,671 |
| Winston Salem, North Carolina Payment Standard Range | $807 to $987 | $842 to $1,030 | $999 to $1,221 | $1,307 to $1,597 | $1,504 to $1,838 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Winston Salem, NC Affordable Housing Snapshot
| Total Affordable Apartment Properties | 76 |
|---|---|
| Total Low Income Apartments | 5,222 |
| Total Housing Units with Rental Assistance | 3,077 |
| Percentage of Housing Units Occupied By Renters | 45.62% |
| Average Renter Household Size | 2.41 |
| Average Household Size | 2.43 |
| Median Household Income | $39,882 ±$1,034 |
| Median Rent | $724 ±$8 |
| Percentage Of Renters Overburdened | 50.91% ± 1.87pp |
| Total Population | 236,642 |
Population and Household Demographics
Winston Salem is a city in Forsyth County, North Carolina with a population of 236,642. There are 93,267 households in the city with an average household size of 2.43 persons. 45.62% of households in Winston Salem are renters.
Income and Rent Overburden in Winston Salem
The median gross income for households in Winston Salem is $39,882 a year, or $3,324 a month. The median rent for the city is $724 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Winston Salem, a household making less than $2,413 a month would be considered overburdened when renting an apartment at or above the median rent. 50.91% of households who rent are overburdened in Winston Salem.
Area Median Income In Winston Salem
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 Winston Salem, the AMI is calculated from all households within Forsyth County.
In Winston Salem, HUD calculates the Area Median Income for a family of four as $85,800
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 Winston Salem
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 Winston Salem
| 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 Winston Salem AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$17,150 | $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 Winston Salem AMI may qualify for rental assistance programs that target Very Low Income households. |
$28,550 | $32,600 | $36,700 | $40,750 | $44,050 | $47,300 | $50,550 | $53,800 |
| 80% AMI Income Limits Renters earning up to 80% of the Winston Salem AMI may qualify for rental assistance programs that target Low Income households. |
$45,650 | $52,200 | $58,700 | $65,200 | $70,450 | $75,650 | $80,850 | $86,100 |
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