![]() 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. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811. Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. ![]() In Fayetteville, HUD calculates the Area Median Income for a family of four as $71,600 For Fayetteville, the AMI is calculated from all households within Cumberland County. 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. The AMI is calculated and published each year by HUD. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. Each household's income is compared to the incomes of all other households in the area. ![]() Area Median Income In FayettevilleĪffordable housing program eligibility is always determined by one's income. In Fayetteville, a household making less than $2,933 a month would be considered overburdened when renting an apartment at or above the median rent.Ĥ6.93% of households who rent are overburdened in Fayetteville. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Fayetteville is $43,630 a year, or $3,636 a month. Income and Rent Overburden in Fayetteville 52.37% of households in Fayetteville are renters. There are 78,439 households in the city with an average household size of 2.46 persons. ± 1.67pp Total Population 202,521 Population and Household Demographicsįayetteville is a city in Cumberland County, North Carolina with a population of 202,521. ±$11 Percentage Of Renters Overburdened 46.93% Total Affordable Apartment Properties 67 Total Low Income Apartments 4,633 Total Housing Units with Rental Assistance 2,201 Percentage of Housing Units Occupied By Renters 52.37% Average Renter Household Size 2.45 Average Household Size 2.46 Median Household Income $43,630 Sourced from federal housing data and research.įayetteville, NC Affordable Housing Snapshot 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. 2023 Fayetteville, North Carolina Fair Market Rents and Housing Choice Voucher Payment Standardsįair Market Rents can be used to better understand the average housing costs of an area. The maximum amount a voucher would pay on behalf of a low-income tenant in Fayetteville, North Carolina for a two-bedroom apartment is between $933 and $1,141. The average voucher holder contributes $300 towards rent in Fayetteville. On average, Section 8 Housing Choice vouchers pay Fayetteville landlords $600 per month towards rent. Housing Choice Vouchers in Fayetteville, North Carolina There are 2,312 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fayetteville. Low Rent Apartments in Fayetteville, North Carolina Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Fayetteville, North Carolina Affordable Housing Data Income Based Apartments in Fayetteville, North Carolinaįayetteville features 2,201 income based apartments.
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