Eligibility for most affordable housing programs is determined by the Area Median Income (AMI). If you lined up every household in the Raleigh area in order from least to most income, the AMI is the amount in the middle. Affordable housing programs are targeted to households earning below 80% AMI, with some programs intended for lower AMI levels.
Each year, the income limits are updated. The chart below shows the current income and rent limits by household size and AMI level.
| Percent of AMI | Family of 1 | Family of 2 | Family of 3 | Family of 4 | Family of 5 | Family of 6 | Family of 7 | Family of 8 |
|---|---|---|---|---|---|---|---|---|
| 10% | $9,920 | $10,620 | $11,950 | $13,270 | $14,340 | $15,400 | $16,460 | $17,520 |
| 20% | $18,580 | $21,240 | $23,900 | $26,540 | $28,680 | $30,800 | $32,920 | $35,040 |
| 30% | $27,900 | $31,850 | $35,850 | $39,800 | $43,000 | $46,200 | $49,400 | $54,150 |
| 40% | $37,160 | $42,480 | $47,800 | $53,080 | $57,360 | $61,600 | $65,840 | $70,080 |
| 50% | $46,450 | $53,100 | $59,750 | $66,350 | $71,700 | $77,000 | $82,300 | $87,600 |
| 60% | $55,740 | $63,720 | $71,700 | $79,620 | $86,040 | $92,400 | $98,760 | $105,120 |
| 65% | $60,385 | $69,030 | $77,675 | $86,255 | $93,210 | $100,100 | $106,990 | $113,880 |
| 70% | $65,030 | $74,340 | $83,650 | $92,890 | $100,380 | $107,800 | $115,220 | $122,640 |
| 80% | $72,950 | $83,400 | $93,800 | $104,200 | $112,550 | $120,900 | $129,250 | $137,550 |
| 90% | $83,610 | $95,580 | $107,550 | $119,430 | $129,060 | $138,600 | $148,140 | $157,680 |
| Area Median Income | $92,900 | $106,200 | $119,500 | $132,700 | $143,400 | $154,000 | $164,600 | $175,200 |
| Percent of AMI | Efficiency Unit | 1 Bedroom | 2 Bedrooms | 3 Bedrooms | 4 Bedrooms | 5 Bedrooms |
|---|---|---|---|---|---|---|
| 30% | $696 | $746 | $896 | $1,035 | $1,155 | $1,274 |
| 40% | $929 | $995 | $1,195 | $1,380 | $1,540 | $1,699 |
| 50% | $1,161 | $1,244 | $1,493 | $1,725 | $1,925 | $2,123 |
| 60% | $1,393 | $1,493 | $1,792 | $2,070 | $2,310 | $2,548 |
| 70% | $1,625 | $1,742 | $2,091 | $2,415 | $2,965 | $2,973 |
| 80% | $1,858 | $1,991 | $2,390 | $2,761 | $3,080 | $3,398 |
| Rent Limits | Efficiency Unit | 1 Bedroom | 2 Bedroom | 3 Bedroom | 4 Bedroom | 5 Bedroom |
|---|---|---|---|---|---|---|
| Low HOME Rent Limit (50% AMI) | $1,071 | $1,147 | $1,376 | $1,590 | $1,773 | $1,957 |
| High HOME Rent Limit (65% AMI) | $1,371 | $1,466 | $1,646 | $2,034 | $2,249 | $2,462 |
| Fair Market Rent (FMR) | $1,427 | $1,466 | $1,646 | $2,035 | $2,711 | $3,118 |
| 50% AMI Maximum Housing Expense | $1,071 | $1,147 | $1,376 | $1,590 | $1,773 | $1,957 |
| 65% AMI Maximum Housing Expense | $1,371 | $1,471 | $1,767 | $2,034 | $2,249 | $2,462 |