What HUD offices serve Raleigh, North Carolina?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Raleigh.
How many renters live in Raleigh, North Carolina?
The City of Raleigh has people living in households.
There are renters living in renter households in this City. Renters make up 42.38 percent of the population living in Raleigh.
What is the rental market like in Raleigh, North Carolina?
There are an estimated housing units in the Raleigh area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Raleigh, North Carolina, there are 1.23 rental units.
What is the vacancy rate for rentals in Raleigh?
The rental vacancy rate in Raleigh is 16 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Raleigh for each bedroom size?
Occupied Rental Units by Size in Raleigh
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 5,100 | 25,312 | 41,040 | 18,856 | 5,800 |
Occupied Rental Units by Size in Raleigh
A large number of apartments in Raleigh have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Raleigh
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,427 to $2,711. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,427 |
| One BR | $1,466 |
| Two BR | $1,646 |
| Three BR | $2,035 |
| Four BR | $2,711 |
2024 Fair Market Rents in Raleigh, North Carolina
How many units are rented at Fair Market Rent (FMR) in Raleigh?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 3,844 | 75 percent |
| One BR | 16,798 | 66 percent |
| Two BR | 23,231 | 57 percent |
Rental Units Below FMR in Raleigh, North Carolina
How many affordable rental units are in Raleigh?
There are a variety of federal affordable housing programs serving households in Raleigh, North Carolina including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| Mod Rehab Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly | |
| Section 811 Supportive Housing for Persons with Disabilities |
Tracked Units by Federal Program in Raleigh, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Raleigh, North Carolina
Raleigh features 2,494 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Raleigh, North Carolina
There are 6,327 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Raleigh.
Housing Choice Vouchers in Raleigh, North Carolina
On average, Section 8 Housing Choice vouchers pay Raleigh landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Raleigh.
The maximum amount a voucher would pay on behalf of a low-income tenant in Raleigh, North Carolina for a two-bedroom apartment is between $1,481 and $1,811.
Sourced from federal housing data and AffordableHousingOnline.com research.
