1 waitlist is currently open in Hot Springs, NC
Apply before waitlists close. Check each listing for details and deadlines.
Fair Market Rent - Madison 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 | $1,428 |
| 1 Bedroom | $1,496 |
| 2 Bedroom | $1,680 |
| 3 Bedroom | $2,160 |
| 4 Bedroom | $2,851 |
Income Limits - Madison County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,800
- Very Low (50%)
- $26,300
- Low (80%)
- $42,100
- Extremely Low (30%)
- $18,050
- Very Low (50%)
- $30,050
- Low (80%)
- $48,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,800
- Low (80%)
- $54,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,550
- Low (80%)
- $60,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,600
- Low (80%)
- $64,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,600
- Low (80%)
- $69,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,600
- Low (80%)
- $74,550
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,600
- Low (80%)
- $79,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,800 | $26,300 | $42,100 |
| 2 Persons | $18,050 | $30,050 | $48,100 |
| 3 Persons | $21,960 | $33,800 | $54,100 |
| 4 Persons | $26,500 | $37,550 | $60,100 |
| 5 Persons | $31,040 | $40,600 | $64,950 |
| 6 Persons | $35,580 | $43,600 | $69,750 |
| 7 Persons | $40,120 | $46,600 | $74,550 |
| 8 Persons | $44,660 | $49,600 | $79,350 |
Frequently Asked Questions About Housing in Hot Springs, NC
How many affordable housing options are in Hot Springs, North Carolina?+
There are 2 affordable housing properties in Hot Springs, North Carolina, including 1 public housing, 1 housing authority listings. Browse the full list above to find options that fit your needs.
What is the average rent for affordable housing in Hot Springs, North Carolina?+
The Fair Market Rent for Madison County, North Carolina is: Studio: $1428, 1BR: $1496, 2BR: $1680, 3BR: $2160. Subsidized housing typically charges tenants 30% of their adjusted gross income, which may be significantly less than FMR.
How do I apply for Section 8 housing in Hot Springs, North Carolina?+
To apply for Section 8 (Housing Choice Voucher) in Hot Springs, North Carolina, contact your local housing authority. You can browse the housing authority listings on this page to find contact information. Applications are typically accepted when the waitlist is open. Eligibility is based on income (generally below 50% of Area Median Income), family size, and citizenship status.
What are the income limits for affordable housing in Madison County, North Carolina?+
For a 4-person household in Madison County, North Carolina, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,550, Low Income (80% AMI): $60,100. Income limits vary by household size and are updated annually by HUD.
Are there open waitlists for affordable housing in Hot Springs, North Carolina?+
Yes, there are currently 1 housing authority with open waitlists in Hot Springs, North Carolina. Look for the "Waitlist Open" badge on listings above, or use the waitlist filter to find them quickly. Waitlist availability changes frequently, so apply as soon as possible.
What types of affordable housing are available in Hot Springs, North Carolina?+
Hot Springs, North Carolina has the following types of affordable housing: Public Housing (government-owned units with income-based rent); Housing Authorities (administering Section 8 vouchers and public housing). Each program has different eligibility requirements and application processes.
What is the population of Hot Springs, North Carolina?+
Hot Springs, North Carolina has an estimated population of 530. With 2 affordable housing properties serving the area, there are housing assistance options available for eligible residents.