The Department of Housing and Urban Development (HUD) defines “affordable housing” as housing that costs no more than 30% of a household’s monthly gross income, including utilities. When families or individuals spend more than 30% of their income on housing they may not be able to meet other basic needs such as food, clothing and medical insurance.
The 2016 area median income for a family in Transylvania County is $53,100. According to HUD, a family is simply one or more individuals who live together. Members of the family do not need to be related by blood, marriage or in any other legal capacity. HUD’s definition of income levels can be seen in the table below. HUD also defines fair market rent for an area. For a two-bedroom unit the fair market rent for Transylvania County is $650. A low-income family would have to spend at least 59% of their monthly income for housing at fair market cost, instead of the suggested 30%, to be able to afford a two-bedroom unit in Transylvania County.
|Income Definition||Percent of Area Median Income ($53,100)||Annual Income||Monthly Income||30% of Monthly Income||Fair Market Rent as a Percent of Maximum Affordable Rent (two bedroom)|
|Extremely Low||0-30||$0-$15,930||$0-$1,328||$0-$399||163% or more|
Searching for housing? Try NCHousingSearch.org, a completely free service to list and search for rentals. List your properties or search for a place to live. Call 1-877-428-8844 for toll-free, bilingual assistance.
View the Fair Housing Complaint Procedure for the City of Brevard.
Feria De Vivienda Procedimiento De Denuncia.