About This Property
Pine Valley Apartments comprises 72 low-income units in New Bern, NC, serving families across a mix of one-, two-, and three-bedroom floor plans. The community, which opened in 2017, operates with 9% Low-Income Housing Tax Credit financing. The property offers 13 one-bedroom, 35 two-bedroom, and 24 three-bedroom units.
Waitlist Information
Waitlist managed by Twin Rivers Opportunities, Inc.
The waitlist is closed; if an applicant declines two invitations, their application will be purged from the waitlist.
Eligibility requires low income, US Citizen or Documented Alien Certification, and being 18 years or older or an Emancipated Head of Household residing in Craven, Jones, or Pamlico Counties. Applicants must reside in Craven, Jones, or Pamlico County when applying to be eligible for porting after one year of residency within those counties. Incomplete applications will not be processed.
Waitlist data provided by section8waitlist.org
Updated May 29, 2026
Property Details
Fair Market Rent - Craven 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 | $928 |
| 1 Bedroom | $935 |
| 2 Bedroom | $1,228 |
| 3 Bedroom | $1,660 |
| 4 Bedroom | $2,084 |
Income Limits - Craven County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,450
- Very Low (50%)
- $22,350
- Low (80%)
- $35,750
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,550
- Low (80%)
- $40,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,750
- Low (80%)
- $45,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,900
- Low (80%)
- $51,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,500
- Low (80%)
- $55,150
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,050
- Low (80%)
- $59,250
- Extremely Low (30%)
- $39,600
- Very Low (50%)
- $39,600
- Low (80%)
- $63,350
- Extremely Low (30%)
- $42,150
- Very Low (50%)
- $42,150
- Low (80%)
- $67,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,450 | $22,350 | $35,750 |
| 2 Persons | $17,420 | $25,550 | $40,850 |
| 3 Persons | $21,960 | $28,750 | $45,950 |
| 4 Persons | $26,500 | $31,900 | $51,050 |
| 5 Persons | $31,040 | $34,500 | $55,150 |
| 6 Persons | $35,580 | $37,050 | $59,250 |
| 7 Persons | $39,600 | $39,600 | $63,350 |
| 8 Persons | $42,150 | $42,150 | $67,400 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in New Bern, NC?+
The Fair Market Rent (FMR) for Craven County, NC is: $928 (Studio), $935 (1BR), $1228 (2BR), $1660 (3BR), $2084 (4BR). Actual rent at subsidized properties like Pine Valley Apartments is typically 30% of household income or less.
What size apartments are available at Pine Valley Apartments?+
Pine Valley Apartments offers the following unit types: 13 One-Bedroom, 35 Two-Bedroom, 24 Three-Bedroom units, for a total of 72 units.
Who manages Pine Valley Apartments?+
Pine Valley Apartments is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Craven County, NC?+
For a 4-person household in Craven County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,900, Low Income (80% AMI): $51,050. These limits are set by HUD and updated annually.
What is the price range for apartments in New Bern, NC?+
Based on Fair Market Rent for Craven County, the estimated price range is: 1-bedroom: $935, 2-bedroom: $1228, 3-bedroom: $1660. Actual rent at Pine Valley Apartments may be lower for income-eligible households.
Who is eligible to live at Pine Valley Apartments?+
Pine Valley Apartments primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Pine Valley Apartments?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at Pine Valley Apartments?+
Pine Valley 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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Pine Valley Apartments
Ghent South: Lot 9
New Bern, NC
1 UnitsGhent South: Lot 12
New Bern, NC
1 UnitsAutumn Chase Apts
New Bern, NC
34 UnitsHunters Landing
New Bern, NC
48 UnitsTate Commons
New Bern, NC
0 UnitsWeatherstone Park
New Bern, NC
44 Units