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Discover affordable housing in Boone where there are 7+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.
219 Meadow Hill Dr, Boone, North Carolina 28607
bed1-4
206 Ivy Terrace Dr, Boone, North Carolina 28607
bed1
170 Clawson St, Boone, North Carolina 28607
bed2-3
165 Robin Ln, Boone, North Carolina 28607
166 Adams Ln, Boone, North Carolina 28607
bed2
payment$1110/mo.
127 Westwood Ln, Boone, North Carolina 28607
364 Kellwood Dr, Boone, North Carolina 28607
How To Identify Affordable Housing in Boone, North Carolina
Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.
| Badge | Description |
|---|---|
switch_access_shortcutShort Wait | Low income apartments with no or short waiting lists. |
paymentSubsidized | Low income housing where the rent is subsidized and the renter pays only a portion of total rent. |
real_estate_agentAccepts Vouchers | Apartments that accept Section 8 vouchers near you |
elderlySenior | Rental housing for seniors who are 55 (or sometimes 62) and older. |
paymentIncome Based | Affordable apartments where the rent paid is based on renter income. |
accessibilityAccessible | Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy. |
accessible_forwardDisability | Apartments for individuals or families with disabilities. |
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The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment InBoone, North Carolina
$21.59/hour
(+198%) more thanNorth Carolina minimum wage and
$14.34(+198%) more than the Federal minimum wage.
Learn More About Boone, North Carolina AffordableHousing ↓
How many renters live in Boone, North Carolina?
The City of Boone has 19,368people living in 5,839 households.
There are 10,678 renters living in4,502 renter households in thisCity. Renters make up 55.13percent of the population living in Boone.
What is the rental market like in Boone, North Carolina?
There are an estimated 6,713 housing units in theBoone area. Of these, 5,010 units are rentalhomes, making up 75 percent of the housing market. Forevery renter household in Boone, North Carolina, there are1 rental units.
What is the vacancy rate for rentals in Boone?
The rental vacancy rate in Boone is 1 percent.This is alower than averagevacancy rate.When rental vacancy rates are low there are fewer available units. Rents tend to be higher as morepeoplecompete for scarce housing.
How many rental units are in Boone for each bedroom size?
Occupied Rental Units by Size in Boone
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 194 923 2,306 503 524 Occupied Rental Units by Size in Boone
A large number of apartments in Boone have two or fewer bedrooms. Seniors and youngprofessionalsespecially may have more success finding an apartment that meets their needs.
How many renter households in Boone are overburdened by housing costs?
Among renter households in this market, 75percent havehousing cost burden. Further, 55percent of households are extremely rent overburdened. When renters pay too much for their housing, itleaveslittle money for other necessities like food, clothes, or medicine.
The federal government says that renters arecost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Boone
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $777 to $1,935. FMRs areupdated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $777 One BR $906 Two BR $1,140 Three BR $1,392 Four BR $1,935 2024 Fair Market Rents in Boone, North Carolina
How many units are rented at Fair Market Rent (FMR) in Boone?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s FairMarket Rent. Markets with a large share of units above FMR tend to have longer search times to find aqualified unit, while those with a large share of units below FMR tend to have more choices and shortersearch times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:Unit Size Count of Units Below FMR Percentage of Total Units Below FMR Studio 99 51 percent One BR 396 43 percent Two BR 1,264 55 percent Rental Units Below FMR in Boone, North Carolina
How many affordable rental units are in Boone?
There are a variety of federal affordable housing programs serving households inBoone, North Carolina including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit 148 Section 8 Project-Based Rental Assistance 38 Section 811 Supportive Housing for Persons with Disabilities 10 USDA Section 515 Rural Rental Housing 126 Tracked Units by Federal Program in Boone, North Carolina
Income Based Apartments in Boone, North Carolina
Boone features 122 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.
Low Rent Apartments in Boone, North Carolina
There are 114 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Boone.
Housing Choice Vouchers in Boone, North Carolina
On average, Section 8 Housing Choice vouchers pay Boone landlords$500 per month towards rent. The average voucher holdercontributes $300 towards rent inBoone.
The maximum amount a voucher would pay on behalf of a low-income tenant in Boone, North Carolina fora two-bedroom apartment is between $1,026 and $1,254.
Sourced from federal housing data and AffordableHousingOnline.comresearch.
Affordable Housing Tip
Applying for housing with bad credit.
Some housing assistance programs require a credit check, including Low-Income Housing Tax Credit apartments. Having bad credit may make you ineligible.
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