In Newton, HUD calculates the Area Median Income for a family of four as $69,600 For Newton, the AMI is calculated from all households within Catawba County. HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. The AMI is calculated and published each year by HUD. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. Each household's income is compared to the incomes of all other households in the area. In Newton, a household making less than $2,173 a month would be considered overburdened when renting an apartment at or above the median rent.ĥ9.6% of households who rent are overburdened in Newton.Īffordable housing program eligibility is always determined by one's income. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Newton is $29,928 a year, or $2,494 a month. 43.06% of households in Newton are renters. There are 4,863 households in the city with an average household size of 2.57 persons. Newton is a city in Catawba County, North Carolina with a population of 12,980. Percentage of Housing Units Occupied By Renters Total Housing Units with Rental Assistance Report this ad Newton, NC Affordable Housing Snapshot Sourced from federal housing data and research. Newton, North Carolina Payment Standard Range Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program. 2022 Newton, North Carolina Fair Market Rents and Housing Choice Voucher Payment Standardsįair Market Rents can be used to better understand the average housing costs of an area. The maximum amount a voucher would pay on behalf of a low-income tenant in Newton, North Carolina for a two-bedroom apartment is between $652 and $796. The average voucher holder contributes $300 towards rent in Newton. On average, Section 8 Housing Choice vouchers pay Newton landlords $500 per month towards rent. Housing Choice Vouchers in Newton, North Carolina There are 98 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newton. Low Rent Apartments in Newton, North Carolina Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Newton features 201 income based apartments. Income Based Apartments in Newton, North Carolina There are 9 low income housing apartment communities offering 299 affordable apartments for rent in Newton, North Carolina. Guide To Affordable Housing in Newton, North Carolina Western Piedmont Council of Governments Regional Housing Authority Public Housing Agencies Serving Newton, North Carolina Housing Authority Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord. Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction. Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Section 8 Vouchers, Apartments, and Waiting Lists in Newton, North Carolina
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