About This Property
Stone Arbor contains 40 one-bedroom units designated as low-income housing in Madison, North Carolina. The property has been in service since 1990 and is financed through 9% Low-Income Housing Tax Credits. This community serves elderly residents.
Waitlist Information
Waitlist managed by Madison Housing Authority
Applicants will be placed on a waiting list if no immediate units are available. Placement depends on application date/time and qualifying preferences.
The waiting list is currently closed, and eligibility when open is typically income-based, also considering age, disability, and US citizenship.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Rockingham 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 | $633 |
| 1 Bedroom | $719 |
| 2 Bedroom | $934 |
| 3 Bedroom | $1,198 |
| 4 Bedroom | $1,360 |
Income Limits - Rockingham 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madison, NC?+
The Fair Market Rent (FMR) for Rockingham County, NC is: $633 (Studio), $719 (1BR), $934 (2BR), $1198 (3BR), $1360 (4BR). Actual rent at subsidized properties like Stone Arbor is typically 30% of household income or less.
What size apartments are available at Stone Arbor?+
Stone Arbor offers the following unit types: 40 One-Bedroom units, for a total of 40 units.
Who manages Stone Arbor?+
Stone Arbor is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Stone Arbor?+
Stone Arbor 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 Rockingham County, NC?+
For a 4-person household in Rockingham 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 Stone Arbor?+
Stone Arbor primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Madison, NC?+
Based on Fair Market Rent for Rockingham County, the estimated price range is: 1-bedroom: $719. Actual rent at Stone Arbor may be lower for income-eligible households.
Is there a waitlist for Stone Arbor?+
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
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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