Affordable & Income-Based Housing in Albemarle

Affordability in Albemarle, NC

According to Census ACS 5-Year data (2024), the median gross rent in Albemarle is $880 per month and the median household income is $46,881 per year. About 44% of residents rent their homes, meaning affordable housing options here serve a significant share of the local population.

Safety

According to FBI Crime Data Explorer, the Albemarle Police Department reported a violent crime rate of 695 per 100,000 residents in 2024. Note that crime rates are not directly comparable across cities due to differences in reporting practices and jurisdiction definitions.

Getting Around Albemarle

According to Walk Score, the area around assisted properties in Albemarle has a Walk Score of 22 (Car-Dependent) and a Bike Score of 35. No Transit Score is available. Most errands and trips will require a car.

Schools

According to NCES Common Core of Data, 10 public schools across 1 district serve Albemarle, including 4 elementary, 1 middle, and 5 high schools. Ratings and performance vary by school, so renters should check the assigned schools for their specific address.

Cost of Renting in Albemarle, NC

The median household income in Albemarle is $46,881 per year, according to Census ACS 5-Year data. The median gross rent in the city is $880 per month, according to the same source.

Affordable and income-based housing in Albemarle can significantly reduce that cost burden. Rents at HUD-assisted and income-based properties are typically set as a percentage of a household's income, meaning your payment is tied to what you earn, not to market rates.

• Median household income: $46,881/year (Census ACS 5-Year)
• Median market rent: $880/month (Census ACS 5-Year)
• Renter households: 44% of occupied units (Census ACS 5-Year)

Environmental & Flood Risk

All 10 affordable housing properties in Albemarle have been mapped for flood risk. None carry a high-risk flood designation, which is a positive sign for renters concerned about flood exposure.