About This Property
Valdese Village offers 34 low-income residential units in Valdese, NC, comprising 24 two-bedroom and 10 three-bedroom apartments. The property has been in service since 2005 and is financed through 4% Low-Income Housing Tax Credits. The community serves families, individuals with disabilities, and formerly homeless residents.
Waitlist Information
Waitlist managed by Valdese Housing Authority
The waiting list is open for families and senior/disabled individuals, with preferences for those involuntarily displaced, living in substandard housing, or paying over 50% of income for rent; applicants must apply in person during specific hours with required documents and will undergo criminal and rental history review.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Burke County, NC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $806 |
| 1 Bedroom | $834 |
| 2 Bedroom | $1,014 |
| 3 Bedroom | $1,314 |
| 4 Bedroom | $1,506 |
Income Limits - Burke County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,150
- Low (80%)
- $33,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,150
- Low (80%)
- $38,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,150
- Low (80%)
- $43,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,150
- Low (80%)
- $48,250
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,600
- Low (80%)
- $52,150
- Extremely Low (30%)
- $35,000
- Very Low (50%)
- $35,000
- Low (80%)
- $56,000
- Extremely Low (30%)
- $37,400
- Very Low (50%)
- $37,400
- Low (80%)
- $59,850
- Extremely Low (30%)
- $39,800
- Very Low (50%)
- $39,800
- Low (80%)
- $63,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,150 | $33,800 |
| 2 Persons | $17,420 | $24,150 | $38,600 |
| 3 Persons | $21,960 | $27,150 | $43,450 |
| 4 Persons | $26,500 | $30,150 | $48,250 |
| 5 Persons | $31,040 | $32,600 | $52,150 |
| 6 Persons | $35,000 | $35,000 | $56,000 |
| 7 Persons | $37,400 | $37,400 | $59,850 |
| 8 Persons | $39,800 | $39,800 | $63,700 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Valdese, NC?+
The Fair Market Rent (FMR) for Burke County, NC is: $806 (Studio), $834 (1BR), $1014 (2BR), $1314 (3BR), $1506 (4BR). Actual rent at subsidized properties like Valdese Village is typically 30% of household income or less.
What size apartments are available at Valdese Village?+
Valdese Village offers the following unit types: 24 Two-Bedroom, 10 Three-Bedroom units, for a total of 34 units.
How do I apply for housing at Valdese Village?+
Valdese Village is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who is eligible to live at Valdese Village?+
Valdese Village primarily serves families, persons with disabilities, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Burke County, NC?+
For a 4-person household in Burke County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,150, Low Income (80% AMI): $48,250. These limits are set by HUD and updated annually.
Who manages Valdese Village?+
Valdese Village is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Valdese, NC?+
Based on Fair Market Rent for Burke County, the estimated price range is: 2-bedroom: $1014, 3-bedroom: $1314. Actual rent at Valdese Village may be lower for income-eligible households.
Is there a waitlist for Valdese Village?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Contact Information
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