Section 8 houses for rent in wendell nc

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Wendell features 157 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Table of Contents Show

How much is a Section 8 voucher for a 2 bedroom in NC?
What is the most Section 8 will pay?
Where is the best place to find private landlords?
How do I rent to Section 8 in NC?

Low Rent Apartments in Wendell, North Carolina

There are 229 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wendell.

Housing Choice Vouchers in Wendell, North Carolina

On average, Section 8 Housing Choice vouchers pay Wendell landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Wendell.

The maximum amount a voucher would pay on behalf of a low-income tenant in Wendell, North Carolina for a two-bedroom apartment is between $1,271 and $1,553.

2023 Wendell, 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.

StudioOne BRTwo BRThree BRFour BRWendell, North Carolina Fair Market Rent$1,213$1,250$1,412$1,733$2,293Wendell, North Carolina Payment Standard Range$1,092 to $1,334$1,125 to $1,375$1,271 to $1,553$1,560 to $1,906$2,064 to $2,522

Sourced from federal housing data and AffordableHousingOnline.com research.

Wendell, NC Affordable Housing Snapshot

Total Affordable Apartment Properties7Total Low Income Apartments386Total Housing Units with Rental Assistance157Percentage of Housing Units Occupied By Renters30.97%Average Renter Household Size2.31Average Household Size2.63Median Household Income$45,304 ±$5,709Median Rent$882 ±$88Percentage Of Renters Overburdened54.96% ± 19.46ppTotal Population6,169

Population and Household Demographics

Wendell is a city in Wake County, North Carolina with a population of 6,169. There are 2,344 households in the city with an average household size of 2.63 persons. 30.97% of households in Wendell are renters.

Income and Rent Overburden in Wendell

The median gross income for households in Wendell is $45,304 a year, or $3,775 a month. The median rent for the city is $882 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wendell, a household making less than $2,940 a month would be considered overburdened when renting an apartment at or above the median rent. 54.96% of households who rent are overburdened in Wendell.

Area Median Income In Wendell

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 Wendell, the AMI is calculated from all households within Wake County.

In Wendell, HUD calculates the Area Median Income for a family of four as $110,100

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 Wendell

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.

How much is a Section 8 voucher for a 2 bedroom in NC?

Portability.

What is the most Section 8 will pay?

This payment standard will be between 90 and 110 percent of the Fair Market Rent. Therefore, the three factors that determine how much Section 8 pays landlords are: The Fair Market Rent that has been set for the metropolitan area where your property is located. HUD publishes their list of Fair Market Rents each year.

Where is the best place to find private landlords?

Zillow Rental Manager is one of the best rental listing sites to find private landlords because of the scope and reach of its data and services.

How do I rent to Section 8 in NC?

North Carolina Section 8 Landlord If you wish to rent to Section 8 Voucher holders, you will need to have your property inspected by HUD authorities annually. Your rents must be in accordance with local standards and cannot be inflated for Voucher holders. Any such discriminatory practices are forbidden.