About This Property
Walnut Ridge is a 180-unit affordable housing community in Raleigh, NC that has served families since 2002. The property offers a mix of floor plans including 96 two-bedroom, 44 three-bedroom, and 40 four-bedroom units. Walnut Ridge is financed through tax-exempt bonds and operates as a Low-Income Housing Tax Credit property.
Waitlist Information
Waitlist managed by Housing Authority of the City of Raleigh
Preferences include living or working in Wake County, mobility-impaired, working families (24+ months of 35+ hours/week employment), elderly (62+), or disabled; selection is based on time/date of pre-application plus preferences. Only one pre-application per household is accepted.
Eligibility is based on total annual gross income and family size not exceeding 50% of the median income, and eligible immigration status; RHA implements preferences for its programs.
Waitlist data provided by section8waitlist.org
Updated July 29, 2026
Property Details
Fair Market Rent - Wake 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 | $1,427 |
| 1 Bedroom | $1,466 |
| 2 Bedroom | $1,646 |
| 3 Bedroom | $2,035 |
| 4 Bedroom | $2,711 |
Income Limits - Wake County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,100
- Very Low (50%)
- $33,500
- Low (80%)
- $53,600
- Extremely Low (30%)
- $23,000
- Very Low (50%)
- $38,300
- Low (80%)
- $61,250
- Extremely Low (30%)
- $25,850
- Very Low (50%)
- $43,100
- Low (80%)
- $68,900
- Extremely Low (30%)
- $28,700
- Very Low (50%)
- $47,850
- Low (80%)
- $76,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $51,700
- Low (80%)
- $82,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $55,550
- Low (80%)
- $88,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $59,350
- Low (80%)
- $94,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $63,200
- Low (80%)
- $101,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,100 | $33,500 | $53,600 |
| 2 Persons | $23,000 | $38,300 | $61,250 |
| 3 Persons | $25,850 | $43,100 | $68,900 |
| 4 Persons | $28,700 | $47,850 | $76,550 |
| 5 Persons | $31,040 | $51,700 | $82,700 |
| 6 Persons | $35,580 | $55,550 | $88,800 |
| 7 Persons | $40,120 | $59,350 | $94,950 |
| 8 Persons | $44,660 | $63,200 | $101,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Raleigh, NC?+
The Fair Market Rent (FMR) for Wake County, NC is: $1427 (Studio), $1466 (1BR), $1646 (2BR), $2035 (3BR), $2711 (4BR). Actual rent at subsidized properties like Walnut Ridge is typically 30% of household income or less.
What size apartments are available at Walnut Ridge?+
Walnut Ridge offers the following unit types: 96 Two-Bedroom, 44 Three-Bedroom, 40 Four-Bedroom units, for a total of 180 units.
What are the income limits for affordable housing in Wake County, NC?+
For a 4-person household in Wake County, NC, the income limits are: Extremely Low Income (30% AMI): $28,700, Very Low Income (50% AMI): $47,850, Low Income (80% AMI): $76,550. These limits are set by HUD and updated annually.
Is there a waitlist for Walnut Ridge?+
Public Housing waitlist is currently Closed. 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.
Who manages Walnut Ridge?+
Walnut Ridge is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Raleigh, NC?+
Based on Fair Market Rent for Wake County, the estimated price range is: 2-bedroom: $1646, 3-bedroom: $2035. Actual rent at Walnut Ridge may be lower for income-eligible households.
Who is eligible to live at Walnut Ridge?+
Walnut Ridge 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 Walnut Ridge?+
Walnut Ridge 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
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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