Renting · Section 8
Data from November 2026
Renting in Iredell County, North Carolina
Iredell County has a HUD fair market rent of $1,429 a month for 2 bedrooms (Fiscal year 2027). Renter households here pay a typical rent of $1,252 a month (Average 2020–2024). Paying the fair market rent without going over 30% of income takes $27.48 an hour, full time.
Four numbers to start with
- Fair market rent, 2 bedrooms
- $1,429
- a month, HUD, Fiscal year 2027
- About the same as in North Carolina
- Typical rent
- $1,252
- a month, Census, Average 2020–2024
- 2% more than in North Carolina
- Wage needed
- $27.48
- an hour, 2 bedrooms
- Or $57,160 a year, to spend no more than 30% of income on rent.
- Rent-burdened households
- 44%
- spend 30% or more of income on rent
- 11% less than in North Carolina
Only here
Renting in Iredell County: what sets it apart
What this place has that others do not, from public data, most unusual first.
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Iredell County has the highest typical rent in its area: $1,252, more than any of its 6 neighboring counties; next is Lincoln County ($1,015).
Sources: U.S. Census Bureau (Average 2020–2024).
Fair market rent
What HUD sets for each size
Every year HUD (the U.S. Department of Housing and Urban Development) publishes a Fair Market Rent (FMR) for each home size in Iredell County. It is used to work out how much a Section 8 voucher covers. The table shows what you need to earn to pay it without spending more than 30% of income.
The fair market rent covers rent plus basic utilities, except the phone. HUD generally sets it at the 40th percentile: 4 in 10 standard-quality homes rented recently cost less. 24 CFR §888.113(a)
According to Zillow (ZORI), the typical asking rent in Iredell County was $1,733 a month in September 2026: 2.9% more than 12 months ago. It is an index of market listings, not a HUD limit. Zillow data
| Size | Fair rent per month | Hourly wage | Income needed per year |
|---|---|---|---|
| Studio | $1,260 | $24.23 | $50,400 |
| 1 bedroom | $1,313 | $25.25 | $52,520 |
| 2 bedrooms | $1,429 | $27.48 | $57,160 |
| 3 bedrooms | $1,897 | $36.48 | $75,880 |
| 4 bedrooms | $2,389 | $45.94 | $95,560 |
HUD area: Iredell County, NC HUD Metro FMR Area. Source: HUD, Fiscal year 2027
By ZIP code
The fair market rent for your ZIP code
HUD also publishes fair market rents by ZIP code (Small Area FMRs) for 18 ZIP codes in Iredell County (Fiscal year 2027). Type yours to see it.
For 2 bedrooms they run from $1,060 in 28634 to $2,140 in 28117. 4 ZIP codes are above the county's fair market rent ($1,429).
Where HUD designates these areas, or where the housing agency chooses to use them, the voucher is figured on the ZIP code's rent instead of the county's. Ask your agency which one it uses. 24 CFR §982.503(a)(1)
| 28115 | Iredell County, NC | $1,300 | $1,360 | $1,490 | $1,970 | $2,480 |
|---|---|---|---|---|---|---|
| 28115 | Rowan County, NC | $1,300 | $1,360 | $1,490 | $1,970 | $2,480 |
| 28117 | Iredell County, NC | $1,890 | $1,970 | $2,140 | $2,840 | $3,580 |
| 28166 | Iredell County, NC | $1,350 | $1,410 | $1,530 | $2,030 | $2,560 |
| 28625 | Hickory-Lenoir-Morganton, NC | $1,020 | $1,070 | $1,160 | $1,540 | $1,940 |
| 28625 | Iredell County, NC | $1,020 | $1,070 | $1,160 | $1,540 | $1,940 |
| 28625 | Rowan County, NC | $1,020 | $1,070 | $1,160 | $1,540 | $1,940 |
| 28625 | Winston-Salem, NC | $1,020 | $1,070 | $1,160 | $1,540 | $1,940 |
| 28634 | Iredell County, NC | $930 | $970 | $1,060 | $1,400 | $1,760 |
| 28634 | Winston-Salem, NC | $930 | $970 | $1,060 | $1,400 | $1,760 |
| 28660 | Iredell County, NC | $1,060 | $1,100 | $1,210 | $1,630 | $2,030 |
| 28677 | Iredell County, NC | $1,060 | $1,100 | $1,210 | $1,630 | $2,030 |
| 28678 | Hickory-Lenoir-Morganton, NC | $1,060 | $1,100 | $1,210 | $1,630 | $2,030 |
| 28678 | Iredell County, NC | $1,060 | $1,100 | $1,210 | $1,630 | $2,030 |
| 28689 | Hickory-Lenoir-Morganton, NC | $920 | $960 | $1,080 | $1,420 | $1,720 |
| 28689 | Iredell County, NC | $920 | $960 | $1,080 | $1,420 | $1,720 |
| 28689 | Wilkes County, NC | $920 | $960 | $1,080 | $1,420 | $1,720 |
| 28689 | Winston-Salem, NC | $920 | $960 | $1,080 | $1,420 | $1,720 |
- 28115 · Iredell County, NC $1,490$1,970
- 28115 · Rowan County, NC $1,490$1,970
- 28117 · Iredell County, NC $2,140$2,840
- 28166 · Iredell County, NC $1,530$2,030
- 28625 · Hickory-Lenoir-Morganton, NC $1,160$1,540
- 28625 · Iredell County, NC $1,160$1,540
- 28625 · Rowan County, NC $1,160$1,540
- 28625 · Winston-Salem, NC $1,160$1,540
- 28634 · Iredell County, NC $1,060$1,400
- 28634 · Winston-Salem, NC $1,060$1,400
- 28660 · Iredell County, NC $1,210$1,630
- 28677 · Iredell County, NC $1,210$1,630
- 28678 · Hickory-Lenoir-Morganton, NC $1,210$1,630
- 28678 · Iredell County, NC $1,210$1,630
- 28689 · Hickory-Lenoir-Morganton, NC $1,080$1,420
- 28689 · Iredell County, NC $1,080$1,420
- 28689 · Wilkes County, NC $1,080$1,420
- 28689 · Winston-Salem, NC $1,080$1,420
Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) (external site)
Rent burden
How many households spend too much
HUD counts rent as a burden when it reaches 30% of income or more. In Iredell County, 44% of renter households are in that position; in North Carolina, 49%, and nationwide, 51% (Average 2020–2024, Census).
Paying too much rent leaves little for food, transportation and savings. If that is you, the agencies below can guide you for free.
44%
of renter households spend 30% or more of their income on rent.
21,488 households rent in Iredell County
- Spend half or more of their income 22%
- Spend 30% or more, but less than half 22%
- Spend less than 30% 56%
Compared with the state and the country
- Iredell 44%
- North Carolina 49%
- United States 51%
Low-income apartments
Low-income apartments in Iredell County
HUD lists 35 properties with homes for low-income households in Iredell County: tax-credit apartments (LIHTC), HUD-assisted buildings and public housing. They run from the most low-income homes to the fewest.
- with tax credits (LIHTC)
- 19
- HUD-assisted
- 12
- public housing
- 4
2,127 homes in all; 2,115 of them low-income, according to HUD.
- Raleigh Hills Public housing 330 Winona St, Statesville 28677 146 homes, 144 low-income · Run by Statesville Housing Authority · Average payment: $312 a month · Average wait: 33 months · (704) 872-9811
- Piedmont Pointe Tax credit (LIHTC) 195 Piedmont Pointe Dr, Mooresville 28115 144 low-income homes · 2 bd: 48 · 3 bd: 72 · 4 bd: 24 · In service since 1997 · For families
- Summit Village Public housing 329 Deaton St, Statesville 28677 133 low-income homes · Run by Statesville Housing Authority · Average payment: $366 a month · Average wait: 58 months · (704) 872-9811
- Parkwood Village Public housing 910 Inglewood Rd, Statesville 28677 106 low-income homes · Run by Statesville Housing Authority · Average payment: $319 a month · Average wait: 34 months · (704) 872-9811
- Stonecreek Apts Tax credit (LIHTC) 130 J C Cir, Mooresville 28115 100 low-income homes · 2 bd: 40 · 3 bd: 48 · 4 bd: 12 · In service since 1998 · For families
- Oaktree Village Public housing 1209 Ascending Ln, Statesville 28625 86 low-income homes · Run by Statesville Housing Authority · Average payment: $469 a month · Average wait: 11 months · (704) 872-9811
- The Meadows Tax credit (LIHTC) 315 Winecoff St, Troutman 28166 84 low-income homes · 1 bd: 7 · 2 bd: 12 · 3 bd: 13 · In service since 2021 · For families
- Colonial Ridge Tax credit (LIHTC) 109 Colonial Ridge Cir, Mooresville 28117 80 low-income homes · 2 bd: 60 · 3 bd: 20 · In service since 2005 · For people with disabilities, families, people experiencing homelessness
- Greylin Ridge Apartments Tax credit (LIHTC) 118 Greylin Loop, Statesville 28625 80 low-income homes · 2 bd: 52 · 3 bd: 24 · 4 bd: 4 · In service since 2010 · For families
- Summit Village Apartments HUD-assisted 1353 Pearl St, Statesville 28677 80 low-income homes · For older adults · (704) 871-1607
- The Residence at Northgate Tax credit (LIHTC) 1825 Old Wilkesboro Rd, Statesville 28625 80 low-income homes · 1 bd: 43 · 2 bd: 37 · In service since 2020 · For older adults
- The Retreat at Statesville Tax credit (LIHTC) 194 N Pointe Blvd, Statesville 28625 80 low-income homes · 1 bd: 40 · 2 bd: 40 · In service since 2016 · For families
- Meadowlark Glen Apartments HUD-assisted 739 Selma Dr, Mooresville 28115 76 low-income homes · For families · (704) 663-1371
- Windrush Apts Tax credit (LIHTC) 2101 Windrush Ct, Statesville 28625 76 low-income homes · 2 bd: 28 · 3 bd: 40 · 4 bd: 8 · In service since 2000 · For families
- Cascade Garden Apartments Tax credit (LIHTC) 707 Cascade St, Mooresville 28115 68 low-income homes · 1 bd: 43 · 2 bd: 25 · In service since 2020 · For older adults
- James Pointe Tax credit (LIHTC) 170 Innes Cir, Statesville 28625 68 low-income homes · 1 bd: 8 · 2 bd: 24 · 3 bd: 36 · In service since 2020 · For families
- Plaza Apartments (THE) HUD-assisted 120 S Meeting St, Statesville 28677 62 low-income homes · For older adults · (704) 872-1744
- Kings Grant II Apartments HUD-assisted 410 Kings Grant Ct, Statesville 28625 60 low-income homes · For older adults · (704) 872-8390
- East Broad Crossing Tax credit (LIHTC) 2150 Deerview Cir, Statesville 28625 50 low-income homes · 2 bd: 32 · 3 bd: 18 · In service since 2006 · For people with disabilities, families, people experiencing homelessness
- Parkview Apts Tax credit (LIHTC) 332D W McNeely Ave, Mooresville 28115 43 low-income homes · 1 bd: 18 · 2 bd: 16 · 3 bd: 9 · In service since 1995 · For families
- Mha HSG. of Western NC HUD-assisted 711 Brookdale Dr, Statesville 28677 49 homes, 42 low-income · For people with disabilities · (704) 872-5540
- Curlin Commons Tax credit (LIHTC) 276 Overhead Bridge Rd, Mooresville 28115 40 low-income homes · 1 bd: 28 · 2 bd: 12 · In service since 2010 · For older adults
- Forest Park Gardens Phase I Tax credit (LIHTC) 1321 Forest Park Ter, Statesville 28677 40 low-income homes · 1 bd: 8 · 2 bd: 32 · In service since 1996 · For families
- Forest Park Gardens Phase II Tax credit (LIHTC) 1305 Forest Park Ter, Statesville 28677 40 low-income homes · 1 bd: 8 · 2 bd: 32 · In service since 1998 · For families
- Emmanuels Place HUD-assisted 700 Wils Way, Statesville 28677 39 low-income homes · For older adults · (704) 883-9300
- Kings Grant Court Tax credit (LIHTC) 495 Signal Hill Dr, Statesville 28625 36 low-income homes · 1 bd: 36 · In service since 1992 · For older adults
- Mooresville Manor HUD-assisted 323 E Statesville Ave, Mooresville 28115 35 low-income homes · For older adults · (704) 662-6051
- Park Avenue Place Apartments Tax credit (LIHTC) 400 W Park Ave, Mooresville 28115 32 low-income homes · 1 bd: 8 · 2 bd: 24 · In service since 2012 · For families
- Mulberry School Apartments Tax credit (LIHTC) 501 S Mulberry St, Statesville 28677 31 low-income homes · 1 bd: 23 · 2 bd: 8 · In service since 2007 · For older adults, people with disabilities, people experiencing homelessness
- Church Street Apartments HUD-assisted 241 S Church St, Mooresville 28115 30 low-income homes · For older adults · (704) 664-1659
- Park Place Apts Phase II Tax credit (LIHTC) 119 Creekridge Cir, Mooresville 28115 24 low-income homes · 1 bd: 24 · In service since 2003 · For older adults
- Cac of Iredell Co. HUD-assisted 124 Oakpark Dr, Mooresville 28115 9 low-income homes · For people with disabilities · (704) 658-0220
- Kelly Home of Iredell County, Inc. HUD-assisted 804 Hunter St, Statesville 28677 7 homes, 6 low-income · For people with disabilities · (704) 873-1362
- WNC Community Homes #2 HUD-assisted 203 N Toria Dr, Statesville 28625 7 homes, 6 low-income · For people with disabilities · (704) 871-0159
- Arc/HDS Iredell County Group Home HUD-assisted 730 N Mulberry St, Statesville 28677 6 homes, 5 low-income · For people with disabilities · (704) 873-2903
Source: HUD, retrieved November 6, 2026. LIHTC database, updated May 14, 2025; Assisted multifamily properties, updated October 23, 2026; Public housing developments, updated October 23, 2026.
Section 8
The Section 8 voucher in Iredell County
The Housing Choice Voucher (Section 8) pays part of your rent on a home you choose. Your public housing agency runs it. 2 agencies serve in Iredell County. Here is what the rules say:
The rules, with their source
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You apply at the public housing agency. If you qualify, your name usually goes on a waiting list. Applicants must be U.S. citizens or noncitizens with eligible status as HUD defines it. Source: HUD
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Generally, your family must have very low income: no more than 50% of the area median income, by family size (the middle column of the table). Source: 24 CFR §5.603, §982.201(b)
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Each year, at least 75% of the families an agency admits from its list must have extremely low income (the 30% column). Source: 24 CFR §982.201(b)(2)
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If the rent is below the payment standard, the family generally pays 30% of its adjusted monthly income. If it is above, the family pays more. Source: 24 CFR §982.1(a)(3)
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When you move in, if the rent is above the payment standard, your share cannot go over 40% of your adjusted monthly income. Source: 24 CFR §982.508
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Each agency sets a payment standard for each size. Without asking HUD, it can go from 90% to 110% of the fair market rent. Source: 24 CFR §982.503(b), (c)
| People | Extremely low (30%) | Very low (50%) | Low |
|---|---|---|---|
| 1 person | $22,550 | $37,600 | $60,100 |
| 2 people | $25,800 | $42,950 | $68,700 |
| 3 people | $29,000 | $48,300 | $77,300 |
| 4 people | $33,000 | $53,650 | $85,850 |
| 5 people | $38,680 | $57,950 | $92,750 |
| 6 people | $44,360 | $62,250 | $99,600 |
| 7 people | $50,040 | $66,550 | $106,500 |
| 8 people | $55,720 | $70,850 | $113,350 |
Area median income: $107,300. HUD income limits by family size, Fiscal year 2026. Area: Iredell County, NC HUD Metro FMR Area. Source: HUD, Fiscal year 2026
Possible payment standard
- Studio $1,134 – $1,386
- 1 bedroom $1,182 – $1,444
- 2 bedrooms $1,286 – $1,572
- 3 bedrooms $1,707 – $2,087
- 4 bedrooms $2,150 – $2,628
The range the rule allows: 90% to 110% of the county's fair market rent. Your agency publishes its own.
Housing agencies that serve this place
- Statesville Housing Authority Public housing and Section 8 vouchers · 732 vouchers · 515 public housing units (704) 872-9811 Statesville Housing Authority: dskaf@sha-online.org
- Mooresville Housing Authority Public housing (704) 664-1659 Mooresville Housing Authority: mhaexecutive@mooresvilleha.org
Housing agencies in North Carolina Source: HUD, Retrieved November 6, 2026
Your rights as a tenant in North Carolina
What North Carolina law says about deposits, notices and eviction, with the citation for each rule.
See your rights, rule by ruleCompare these rules with other states →
A summary of state law, not legal advice. Cities may have additional rules.
- When must they return my deposit?
- 30 days
- N.C. Gen. Stat. § 42-52
- If I fall behind on rent, what notice must I get?
- 10 days
- N.C. Gen. Stat. § 42-3
- How much notice ends a month-to-month rental?
- 7 days
- N.C. Gen. Stat. § 42-14
- Only a court order can remove youN.C. Gen. Stat. § 42-25.6
- Protection from retaliationN.C. Gen. Stat. § 42-37.1(b)
Help
Where to get help with rent in Iredell County
This HUD-approved agency has an office in Iredell County. They counsel for free or at low cost.
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Community Foundations
919 N Main Street, Suite 143A, Mooresville
- Mortgage delinquency and default
- Budget and financial counseling
- and 7 more
Tool
How much cash do you need to move in?
It starts with the 2-bedroom fair market rent in Iredell County. Change the rent, the deposit and the fees to yours: the numbers stay in your browser.
Count power on top of the rent: in North Carolina, the average home bill was $144 a month in 2024 (EIA). See electricity and gas costs
Your move
We use the place's fair market rent and the state's deposit rule.
Adjust advanced details
Let's do the math
Cash to move in
$2,858
What you need before you get the keys.
What adds up
- First month
- $1,429
- Security deposit
- $1,429
- Total
- $2,858
When you'll have it
Enter what you can set aside each month to see how long it takes.
What helps
- Ask for a receipt for every payment and keep a copy of the lease.
- On move-in day, walk through the home and take dated photos.
- Never send money for a home you haven't seen or a lease you haven't read.
This is a planning estimate, not a price. What you are asked for depends on the landlord, your lease and your state's and city's rules. It is not legal advice.
Frequently asked questions
What is the fair market rent in Iredell County?
According to HUD (Fiscal year 2027): Studio: $1,260; 1 bedroom: $1,313; 2 bedrooms: $1,429; 3 bedrooms: $1,897; 4 bedrooms: $2,389. It covers rent plus basic utilities, except the phone.
How much do you need to earn to rent in Iredell County?
Paying the 2-bedroom fair market rent ($1,429) without spending more than 30% of income takes $27.48 an hour full time, or $57,160 a year.
Who qualifies for Section 8 in Iredell County?
Generally, families with very low income: no more than 50% of the area median income. For 4 people, HUD's limit here is $53,650 a year (Fiscal year 2026). The family usually pays 30% of its adjusted monthly income. You apply at the housing agency.
How much does Section 8 pay in Iredell County?
The voucher pays up to your housing agency's payment standard, minus your share. The rule lets the agency set it between 90% and 110% of the fair market rent: for 2 bedrooms here, between $1,286 and $1,572 a month. Your agency publishes its figure.
Does the fair market rent change by ZIP code in Iredell County?
For 2 bedrooms they run from $1,060 in 28634 to $2,140 in 28117. Where HUD designates these areas, or where the housing agency chooses to use them, the voucher is figured on the ZIP code's rent instead of the county's. Ask your agency which one it uses.
How many low-income apartments are there in Iredell County?
HUD lists 35 properties with homes for low-income households in Iredell County: tax-credit apartments (LIHTC), HUD-assisted buildings and public housing. They run from the most low-income homes to the fewest. For tax-credit apartments and HUD-assisted buildings, you apply directly at the building's management office. They tell you whether units are open and how to apply; HUD does not have that information.
How many households spend too much on rent in Iredell County?
HUD counts rent as a burden when it reaches 30% of income or more. In Iredell County, 44% of renter households are in that position; in North Carolina, 49%, and nationwide, 51% (Average 2020–2024, Census).