Affordable Housing Hub
Low Income (LIHTC)

Creekside Apts

361 S Franklin St, Wake Forest, NC, 27587

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

Creekside Apts offers 38 low-income units in Wake Forest, NC, consisting of 28 two-bedroom and 10 three-bedroom apartments that serve families. The property has been in service since 2001 and operates under 9% Low-Income Housing Tax Credit financing. This community provides affordable rental housing options in Wake County.

Property Details

Total Units
38
2 Bedroom
28
3 Bedroom
10

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.

BedroomsFMR
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.

1 Person
Extremely Low (30%)
$20,100
Very Low (50%)
$33,500
Low (80%)
$53,600
2 Persons
Extremely Low (30%)
$23,000
Very Low (50%)
$38,300
Low (80%)
$61,250
3 Persons
Extremely Low (30%)
$25,850
Very Low (50%)
$43,100
Low (80%)
$68,900
4 Persons
Extremely Low (30%)
$28,700
Very Low (50%)
$47,850
Low (80%)
$76,550
5 Persons
Extremely Low (30%)
$31,040
Very Low (50%)
$51,700
Low (80%)
$82,700
6 Persons
Extremely Low (30%)
$35,580
Very Low (50%)
$55,550
Low (80%)
$88,800
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$59,350
Low (80%)
$94,950
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$63,200
Low (80%)
$101,050

Tax Credit Program Details

Year Placed in Service
2001
LIHTC Credit Type
9%
Low-Income Units
38 / 38
Target Population
Families

Frequently Asked Questions

What is the average rent for affordable housing in Wake Forest, 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 Creekside Apts is typically 30% of household income or less.

What size apartments are available at Creekside Apts?+

Creekside Apts offers the following unit types: 28 Two-Bedroom, 10 Three-Bedroom units, for a total of 38 units.

Who is eligible to live at Creekside Apts?+

Creekside Apts 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 Creekside Apts?+

Creekside Apts 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 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.

What is the price range for apartments in Wake Forest, NC?+

Based on Fair Market Rent for Wake County, the estimated price range is: 2-bedroom: $1646, 3-bedroom: $2035. Actual rent at Creekside Apts may be lower for income-eligible households.

Who manages Creekside Apts?+

Creekside Apts is managed by . You can reach them at . Visit their website for more information.

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Walk Score

Somewhat Walkable

66
Walk
41
Bike

Nearby Schools

KG,1,2,3,4,5,6,7,8
KG,1,2,3,4,5,6,7,8,9,10,11,12

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Wake County, NC

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