About This Property
Waterford Place Apartments contains 50 units in Edenton, NC, with 49 designated as low-income housing serving families. The community includes 25 two-bedroom and 25 three-bedroom units and has been in service since 2008. The property is financed through 4% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Economic Improvement Council, Inc.
Applications were taken on a first come first serve basis by date and time. Local residents were given a local preference ahead of non-local residents. Most families can expect a wait time of 6 to 18 months.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Chowan 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 | $787 |
| 1 Bedroom | $792 |
| 2 Bedroom | $1,041 |
| 3 Bedroom | $1,259 |
| 4 Bedroom | $1,586 |
Income Limits - Chowan County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,500
- Low (80%)
- $32,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,350
- Low (80%)
- $42,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,600
- Low (80%)
- $50,550
- Extremely Low (30%)
- $33,950
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $36,300
- Very Low (50%)
- $36,300
- Low (80%)
- $58,050
- Extremely Low (30%)
- $38,650
- Very Low (50%)
- $38,650
- Low (80%)
- $61,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,500 | $32,800 |
| 2 Persons | $17,420 | $23,400 | $37,450 |
| 3 Persons | $21,960 | $26,350 | $42,150 |
| 4 Persons | $26,500 | $29,250 | $46,800 |
| 5 Persons | $31,040 | $31,600 | $50,550 |
| 6 Persons | $33,950 | $33,950 | $54,300 |
| 7 Persons | $36,300 | $36,300 | $58,050 |
| 8 Persons | $38,650 | $38,650 | $61,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Edenton, NC?+
The Fair Market Rent (FMR) for Chowan County, NC is: $787 (Studio), $792 (1BR), $1041 (2BR), $1259 (3BR), $1586 (4BR). Actual rent at subsidized properties like Waterford Place Apartments is typically 30% of household income or less.
What size apartments are available at Waterford Place Apartments?+
Waterford Place Apartments offers the following unit types: 25 Two-Bedroom, 25 Three-Bedroom units, for a total of 50 units.
Is there a waitlist for Waterford Place Apartments?+
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.
What is the price range for apartments in Edenton, NC?+
Based on Fair Market Rent for Chowan County, the estimated price range is: 2-bedroom: $1041, 3-bedroom: $1259. Actual rent at Waterford Place Apartments may be lower for income-eligible households.
Who manages Waterford Place Apartments?+
Waterford Place Apartments is managed by . You can reach them at . Visit their website for more information.
What is the HUD inspection score for Waterford Place Apartments?+
Waterford Place Apartments has a HUD inspection score of 95 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
How do I apply for housing at Waterford Place Apartments?+
Waterford Place Apartments 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.
What are the income limits for affordable housing in Chowan County, NC?+
For a 4-person household in Chowan County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,250, Low Income (80% AMI): $46,800. These limits are set by HUD and updated annually.
Who is eligible to live at Waterford Place Apartments?+
Waterford Place Apartments primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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