About This Property
Park Terrace III contains 78 low-income rental units in High Point, North Carolina, serving families with a mix of one, two, and three-bedroom floor plans. The property, which entered service in 2016, utilizes 4% Low-Income Housing Tax Credits to support affordability. Six one-bedroom, thirty two-bedroom, and forty-two three-bedroom units are available.
Waitlist Information
Waitlist managed by Housing Authority of the City of High Point
Applications are accepted Wednesdays for all applicants; elderly and disabled applicants can apply Monday-Thursday. Applicants undergo extensive screening and must meet income, occupancy, and behavioral standards, with no prior housing debt or recent drug-related criminal activity.
The last opening had preferences for living, working, or attending school in High Point, veterans, working/employed, displaced by natural disaster or by government action, with selected applicants placed by date/time and preferences.
Waitlist data provided by section8waitlist.org
Updated May 29, 2026
Property Details
Fair Market Rent - Guilford 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 | $1,011 |
| 1 Bedroom | $1,042 |
| 2 Bedroom | $1,170 |
| 3 Bedroom | $1,493 |
| 4 Bedroom | $1,680 |
Income Limits - Guilford County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,000
- Very Low (50%)
- $23,350
- Low (80%)
- $37,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,700
- Low (80%)
- $42,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,050
- Low (80%)
- $48,050
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,350
- Low (80%)
- $53,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,050
- Low (80%)
- $57,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,700
- Low (80%)
- $61,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,400
- Low (80%)
- $66,200
- Extremely Low (30%)
- $44,050
- Very Low (50%)
- $44,050
- Low (80%)
- $70,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,000 | $23,350 | $37,350 |
| 2 Persons | $17,420 | $26,700 | $42,700 |
| 3 Persons | $21,960 | $30,050 | $48,050 |
| 4 Persons | $26,500 | $33,350 | $53,350 |
| 5 Persons | $31,040 | $36,050 | $57,650 |
| 6 Persons | $35,580 | $38,700 | $61,900 |
| 7 Persons | $40,120 | $41,400 | $66,200 |
| 8 Persons | $44,050 | $44,050 | $70,450 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in High Point, NC?+
The Fair Market Rent (FMR) for Guilford County, NC is: $1011 (Studio), $1042 (1BR), $1170 (2BR), $1493 (3BR), $1680 (4BR). Actual rent at subsidized properties like Park Terrace Iii is typically 30% of household income or less.
What size apartments are available at Park Terrace Iii?+
Park Terrace Iii offers the following unit types: 6 One-Bedroom, 30 Two-Bedroom, 42 Three-Bedroom units, for a total of 78 units.
What is the price range for apartments in High Point, NC?+
Based on Fair Market Rent for Guilford County, the estimated price range is: 1-bedroom: $1042, 2-bedroom: $1170, 3-bedroom: $1493. Actual rent at Park Terrace Iii may be lower for income-eligible households.
Who is eligible to live at Park Terrace Iii?+
Park Terrace Iii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Park Terrace Iii?+
Park Terrace Iii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 manages Park Terrace Iii?+
Park Terrace Iii is managed by . You can reach them at .
Is there a waitlist for Park Terrace Iii?+
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.
What are the income limits for affordable housing in Guilford County, NC?+
For a 4-person household in Guilford County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,350, Low Income (80% AMI): $53,350. These limits are set by HUD and updated annually.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Park Terrace Iii
Lake Road Apartments
High Point, NC
99 Units
Astor Dowdy Towers
High Point, NC
106 UnitsPark Terrace Apartments Phase Ii
High Point, NC
92 Units
Rhf Scattered Sites
High Point, NC
2 Units
Park Terrace Phase 2 Clara Cox Ii
High Point, NC
7 Units
Park Terrace Iii
High Point, NC
5 Units