Low Income Apartments For Rent in Yadkinville, NC

Rental assistance programs support 30 low-income homes in Yadkinville where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $350 towards rent each month.

Affordable rent data for some communities last confirmed on February 14th, 2020. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Yadkinville, 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
Piedmont Triad Regional Council	Section 8 Housing Choice Voucher (HCV)

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

Yadkinville, North Carolina Affordable Housing Data

Income Based Apartments in Yadkinville, North Carolina

Yadkinville features 30 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 Yadkinville, North Carolina

There are 39 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Yadkinville.

Housing Choice Vouchers in Yadkinville, North Carolina

On average, Section 8 Housing Choice vouchers pay Yadkinville landlords $400 per month towards rent. The average voucher holder contributes $400 towards rent in Yadkinville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Yadkinville, North Carolina for a two-bedroom apartment is between $999 and $1,221.

2024 Yadkinville, 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
Yadkinville, North Carolina Fair Market Rent	$897	$936	$1,110	$1,452	$1,671
Yadkinville, 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.

Yadkinville, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 3

Total Low Income Apartments 69

Total Housing Units with Rental Assistance 30

Percentage of Housing Units Occupied By Renters 41%

Average Renter Household Size 2.75

Average Household Size 2.59

Median Household Income $33,500 ±$6,399

Median Rent $650 ±$93

Percentage Of Renters Overburdened 43.2% ± 16.11pp

Total Population 2,946

Total Affordable Apartment Properties	3
Total Low Income Apartments	69
Total Housing Units with Rental Assistance	30
Percentage of Housing Units Occupied By Renters	41%
Average Renter Household Size	2.75
Average Household Size	2.59
Median Household Income	$33,500 ±$6,399
Median Rent	$650 ±$93
Percentage Of Renters Overburdened	43.2% ± 16.11pp
Total Population	2,946

Population and Household Demographics

Yadkinville is a city in Yadkin County, North Carolina with a population of 2,946. There are 1,022 households in the city with an average household size of 2.59 persons. 41% of households in Yadkinville are renters.

Income and Rent Overburden in Yadkinville

The median gross income for households in Yadkinville is $33,500 a year, or $2,792 a month. The median rent for the city is $650 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Yadkinville, a household making less than $2,167 a month would be considered overburdened when renting an apartment at or above the median rent. 43.2% of households who rent are overburdened in Yadkinville.

Area Median Income In Yadkinville

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 Yadkinville, the AMI is calculated from all households within Yadkin County.

In Yadkinville, 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 Yadkinville

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 Yadkinville

	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 Yadkinville 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 Yadkinville 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 Yadkinville 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